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| Additional information |
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| Albaraka Türk Participation Bank |
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Mission statement:
"Is to continuously add new values to our
* Customers,
* Employees,
* Shareholders and community
with our effectiveness, quality and efficiency." |
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Overview:
Albaraka Türk, which collects funds through current accounts and participation accounts and which makes the fund circulate in the economy through individual finance, corporate finance, financial leasing and profit/loss sharing based on projects, etc, is authorized to provide various financial and banking services through interest-free banking application.
Albaraka Türk, which commenced banking with the vision of becoming the best in the region in presenting financial products and services in the Gulf, Middle East and South Africa, where its main partner Albaraka Banking Group operated, is able to provide its customers with fast, qualified and safe foreign trade (import, export and foreign exchange) thanks to a wide network of correspondent banks, comprising of over 207 banks operating in about 60 countries around the world, from Singapore to U.K., from South Africa to Morocco, from Australia to Kazakhstan.
Albaraka Türk, which has high targets in the field of Individual Banking, has been operating, as of the year 2009, with its 103 branches all over the country, 42 of which are in İstanbul and 61 of which are in the prominent industry and trade centers of Turkey, as an international participation bank that has adopted the mission of adding value to its customers, shareholders, employees and Turkey. |
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Vision:
"Is to become an effective participation bank presenting products and services in Turkey and abroad. " |
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History:
Albaraka Türk, the first finance institution and the pioneer in the field of interest-free banking, completed its establishment in 1984 and commenced operations in the beginning of 1985. Albaraka Türk continues its operations in compliance with the Law of Banking numbered 5411. Albaraka Türk was founded by Albaraka banking Group (ABG), one of the prominent groups of the Middle East, Islamic Development Bank (IDB) and a native industrial group of Turkey, which served the Turkish economy for more than half a century. As of 31, December 2009, the share of the foreign partners is 66,16%, the share of the native partners is 11,61% and the share open to public is 22,23% in the partnership structure of Albaraka Türk. The structure of the shareholders' equity in Albaraka Türk is the guarantee for the prestige and reliability we have. |
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| Swift/BIC:
BTFH TR IS |
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| Telex:
27061 abrt tr - 26459 albt tr |
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