Kuveyt Türk

Overview

Kuveyt Türk is Turkish participation Islamic bank + Kuwait Finance House KFH Kuwaiti parent ~62.24% controlling + one of Turkey's largest participation Islamic banks + Kuveyt Türk Bank AG Germany operations ^{1, Türkiye report}.

History

1989 — Kuveyt Türk Katılım Bankası founded as Kuwait Finance House Türkiye subsidiary distinctive Turkish participation Islamic banking heritage.

2013 — Kuveyt Türk mobile banking app launch.

2015 — Kuveyt Türk Bank AG Germany launch as European Islamic banking subsidiary.

Ownership & operator

Operating entity: Kuveyt Türk Katılım Bankası A.Ş. (Turkish participation Islamic bank; KFH parent ~62.24% controlling).

Major shareholders: Kuwait Finance House KFH (Boursa Kuwait: KFIN; Kuwaiti Islamic bank) ~62.24% controlling + Vakıflar Genel Müdürlüğü Turkish General Directorate of Foundations ~18.72% + Islamic Development Bank IDB Group + Turkish retail + institutional + foreign investors.

Regulators: BDDK + CBRT + BaFin (Kuveyt Türk Bank AG Germany).

Technical integration

Kuveyt Türk mobile app (iOS + Android) + kuveytturk.com.tr online + Kuveyt Türk branch network across Turkey + Kuveyt Türk Bank AG Germany branch network + Kuveyt Türk Visa + Mastercard cards; FAST TR + TR IBAN + TROY QR + Islamic-compliant participation banking (no interest; profit-sharing + Murabaha + Sukuk).

Implementations & partners

KFH parent: Kuwait Finance House (KFH) / KFHOnline (Kuwait Finance House Kuwait; Boursa Kuwait: KFIN; Kuwaiti Islamic bank).

Major Turkish participation Islamic + commercial banking + payments competitors: Albaraka Türk (Albaraka Türk; Al Baraka Banking Group Bahrain parent; Turkish participation Islamic bank) + Ziraat Katılım (Ziraat Katılım; Ziraat Bankası state-owned Turkish participation Islamic bank subsidiary) + Vakıf Katılım (Vakıf Katılım; VakıfBank state-owned Turkish participation Islamic bank subsidiary) + Türkiye Finans (Türkiye Finans Katılım Bankası; NCB Saudi Arabia parent + Boydak Holding minority; Turkish participation Islamic bank) + Akbank (Akbank; BIST: AKBNK; Sabancı Holding ~48.45%+ controlling) + Garanti BBVA Turkey (Garanti BBVA Turkey; BIST: GARAN; BBVA Spain ~85.97% controlling) + İşbank (İşCep) (İşbank Türkiye İş Bankası).

Regulators: BDDK + CBRT + BaFin.

Status

Active, Turkish participation Islamic bank + Kuwait Finance House KFH Kuwaiti parent ~62.24% controlling + one of Turkey's largest participation Islamic banks + Kuveyt Türk Bank AG Germany operations ^{1, 2}.

Sources

• 1 Kuveyt Türk — official
• 2 Kuveyt Türk — Wikipedia
• ^{Türkiye report} In-corpus: reports/countries/TR-turkey.md

Source

Biography extracted from kuveyt-turk.md. See matrix.md for standards-support matrix if present.