ALBARAKA TURK

ALBARAKA TURK Company Profile

ALBARAKA TURK is a participation bank based in Turkey. Established in 1984, it was the first participation bank to begin operations in Turkey. It operates based on interest-free banking principles, offering a wide range of financial services including retail banking, corporate banking, investment products, and foreign trade financing, all in accordance with Islamic finance guidelines. The bank is publicly listed and plays a significant role in the Turkish financial sector. Its services cater to both individual and corporate clients, providing solutions for savings, investments, and financing needs without conventional interest.

Factory or Trading Company:

ALBARAKA TURK is neither a factory nor a trading company. It is a financial institution, specifically a participation bank.

Albaraka Turk offers a range of products and services including:

* Retail Banking:

* Accounts (Current, Savings, Participation)

* Financing (Home, Vehicle, Personal)

* Credit Cards

* Insurance

* Investment Products (Participation Funds, Sukuk)

* Corporate Banking:

* Financing (Working Capital, Project Finance)

* Trade Finance

* Cash Management

* Investment Banking

* Treasury Services:

* Foreign Exchange

* Money Markets

* Precious Metals

* International Banking:

* Correspondent Banking

* Foreign Trade Financing

* Digital Banking:

* Online Banking

* Mobile Banking

* SME Banking: Products and services tailored for small and medium-sized enterprises.