Company Profile:
Company Type: Financial Institution (Participation Bank)
Factory or Trading Company: Neither
Company Introduction:
Albaraka Türk Participation Bank A.Ş. is a prominent financial institution in Turkey, established in 1985. It is a pioneer in interest-free banking within the country, operating under Islamic financial principles (Sharia-compliant). The bank offers a comprehensive range of banking services to individuals and corporations, including retail banking, corporate banking, investment banking, and treasury operations. Its services include current accounts, participation accounts, financing for various sectors (such as housing, automotive, and commercial projects), credit cards, and foreign trade transactions. Albaraka Türk aims to contribute to the economy by providing ethical and sustainable financial solutions.
Note: The phrase "TO THE ORDER OF ALBARAKA" typically indicates the beneficiary in a financial transaction or instrument, such as a check or a bill of exchange, rather than being part of a company's official name or describing its business type. In Turkey, the most widely recognized entity associated with "Albaraka" is the Albaraka Türk Participation Bank, which is a bank and not a factory or a trading company.
Enterprise Products
Based on available information, TO THE ORDER OF ALBARAKA in Turkey is associated with:
* **Banking and Financial Services:** This is the primary focus, including retail banking, corporate banking, investment banking, and Islamic finance products.