Information only. This is a factual profile based on publicly available information. Istanbul Vibes does not rate, rank or recommend banks or financial services, does not arrange accounts or transfers and receives no payment per customer. It is not financial advice. Please check licence, conditions and current fees with the provider and with the competent regulator.
Albaraka Türk Participation Bank, founded in 1984, pioneered interest-free banking in Turkey and operates as the country’s leading participation bank. The bank is part of the Al Baraka Group, a major banking organization based in the Middle East, and operates under the Turkish Banking Law (5411).
As a participation bank, Albaraka Türk structures its financial products around Islamic banking principles, offering services to both retail and corporate customers. The bank maintains its headquarters in Istanbul’s Ümraniye district and operates through a nationwide branch network serving individual and business clients.
Quick Facts
| Address | İnkılap Mah. Dr. Adnan Büyükdeniz Cad. Albaraka Türk Sitesi 1. Blok No:6 İç Kapı No:1 Ümraniye/İstanbul Google MapsApple MapsYandex Maps |
|---|---|
| District | Ümraniye |
| Website | albaraka.com.tr/en |
How to Get to Albaraka Türk
Albaraka Türk’s main headquarters is located in Ümraniye, an eastern district of Istanbul. The address is:
- İnkılap Mah. Dr. Adnan Büyükdeniz Cad. Albaraka Türk Sitesi 1. Blok No:6 İç Kapı No:1 Ümraniye/İstanbul
The bank operates over 200 branches throughout Istanbul and across Turkey. Visitors can locate branch addresses and directions on the official website or by calling customer service at +90 216 666 01 01.
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FAQ: Albaraka Türk
Is Albaraka Türk suitable for foreign visitors?
Albaraka Türk offers banking services primarily to Turkey-based customers and residents. Foreign visitors should check directly with the bank regarding account opening and service availability, as requirements vary by nationality and residency status. The bank's official website offers information in English about its services.
What type of bank is Albaraka Türk?
Albaraka Türk is Turkey's first participation bank, offering Islamic banking products and services. It is part of the Al Baraka Group and operates under Turkish banking regulations. The bank is publicly traded on the Istanbul Stock Exchange under the ticker ALBRK.
What payment systems and cards does Albaraka Türk offer?
The bank issues debit cards, credit cards, and virtual cards for customer transactions. Albaraka Türk's cards work within standard international payment networks. Rules, fees, and features for each card type change periodically; check the official website or contact the bank directly for current details.
How can I contact Albaraka Türk customer service?
Customer service (Alo Albaraka) is available at +90 216 666 01 01 or by calling the toll-free line 0850 222 5 666. The head office phone is +90 216 666 01 01. Visitors can also use the bank's website at www.albaraka.com.tr for online inquiries and the mobile app for digital banking.
Does Albaraka Türk offer mobile banking?
Yes, Albaraka Türk provides a mobile banking app called Albaraka Mobil for digital account access and transactions. The app is regularly updated and available for customers who hold an account with the bank. Details about features and compatibility are on the official website.
What should I know about opening an account as a foreigner?
Account opening requirements for foreign nationals depend on residency status, nationality, and current regulations. These rules change and vary by individual circumstance. Contact the bank directly or visit a local branch for specific requirements. A licensed financial adviser can also provide guidance on banking options for your situation.
Is Albaraka Türk regulated in Turkey?
Yes, Albaraka Türk is authorized and supervised by the Central Bank of the Republic of Turkey (Banking Regulation and Supervision Agency, BDDK). The bank's reference number is 206671. Regulatory compliance details can be verified at www.bddk.org.tr.
What is participation banking?
Participation banking, offered by Albaraka Türk, operates on Islamic banking principles. Funds are structured through profit-and-loss partnership arrangements rather than interest-based products. Customers share in profits and risks of bank investments. Rules, terms, and available products vary; consult the bank or an adviser for details.
Before you decide anything
Services listed by the provider
- Participation accounts (profit and loss partnership accounts)
- Current accounts
- Gold accounts
- Debit cards
- Credit cards
- Virtual cards
- Consumer financing
- Housing financing
- Real estate financing
- Vehicle financing
- Private pension plans
- Insurance products
- Investment services
Languages and customer groups according to the provider
- English (on official website and digital services)
Licence and protection (as stated by the provider)
According to the official website, Albaraka Türk is authorized and supervised by the Central Bank of the Republic of Turkey (Banking Regulation and Supervision Agency, reference number 206671). Albaraka Türk operates in compliance with the 5411 Banking Law. The regulator's contact is the Banking Regulation and Supervision Agency (BDDK), available at www.bddk.org.tr. Deposit protection and specific guarantee coverage details should be verified directly with the bank or the regulator, as regulations and protections can change.
We have not verified this. Please check the register of the competent regulator.
- This page is information. It is not financial, investment, tax or legal advice, and not a recommendation to use or buy any product, or to choose any bank, service or country.
- Fees, rates, limits and rules change often and depend on your nationality, residence and the product. Ask the provider for its current written conditions.
- Investments can lose value, and you can lose money. Past results say nothing about the future.
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This page was prepared with the help of AI and checked by automatic rules. It is general information only, not financial, investment, tax or legal advice and not a recommendation to use any bank, service or product. Mistakes can still happen, and fees, rules and availability change without notice. Please check important details with the provider, the competent regulator and a licensed adviser before you decide anything.
