Private company

Albaraka Türk Participation Bank

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons3

Turkish Financial and Banking Services Company

Albaraka Türk was founded in 1984 in Istanbul, Turkey and began actively serving in 1985 and commenced its commercial activities in 1985 as Albaraka Türk Özel Finans Kurumu. It is now known as the first participation bank in Turkey. It has been founded under the guidance of the strong capital groups in the Middle East, Al Baraka Group, Islamic Development Bank (IDB) and another industry group serving the Turkish economy for more than a half century, Al Baraka Turk continued operating in Turkey in compliance with the 5411 Banking Law.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1984Founded1

Albaraka Türk was founded in 1984 in Istanbul, Turkey and began actively serving in 1985 and commenced its commercial activities in 1985 as Albaraka Türk Özel Finans Kurumu. It is now known as the first participation bank in Turkey.2

Products and brands

  • Sharia-compliant banking

Listed on Wikidata.1

Timeline

  1. 1984Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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