Albaraka Türk Katilim Bankasi A.S.

Albaraka Türk Katilim Bankasi A.S., established in 1984 and headquartered in Ümraniye, Turkey, offers a comprehensive range of banking and financial solutions. Its diverse product portfolio encompasses various deposit accounts, including profit-sharing, current, foreign currency, gold participation, housing, marriage, pilgrimage (Hajj/Umrah), and bill payment options. The bank provides an extensive array of financing products catering to needs such as housing, vehicle acquisition, rent, timeshare properties, Hajj and Umrah journeys, dental health, education, dormitory expenses, wedding organization, natural gas conversion, and land and workplace purchases, alongside Sukuk-backed funding. Customers also have access to credit, business, and debit cards, as well as private pension schemes. Albaraka Türk delivers a broad spectrum of insurance coverage, including personal accident, education, vehicle, critical illness, health, travel health, agricultural, fire, yacht and boat, natural disaster, traffic, employer financial liability, electronic device, construction and leasing all-risk, installment, cash and assets, highway transportation liability, and compulsory highway transportation financial liability policies. Beyond these, the company facilitates essential services like bill payments, money transfers, safe deposit boxes, and finance leasing. For its corporate clientele, offerings extend to cash credits such as corporate finance support, export and project financing, dealer funding, credit guarantee funds, and invoice credit. Non-cash credit facilities include letters of guarantee and credit, acceptance credit, and reference letters. Cash management solutions streamline operations through direct debiting, fuel management, supplier payment systems, checks and promissory notes, POS and member merchant services, and accounting integration. Furthermore, the bank supports foreign trade transactions and ensures convenient access to services via its internet, mobile, phone, and ATM banking platforms. As of December 31, 2021, Albaraka Türk Katilim Bankasi A.S. operated 229 domestic branches and 2 foreign branches within Turkey.