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150 articles
Is Insurance Haram in Turkey? The Participation Answer (2026)
The classical objections to insurance are gharar, maysir and riba. Turkey built a licensed industry to answer all three. What the scholars object to, what participation insurance fixes, and where honest disagreement remains.
Turkey's 2020 Participation Insurance Regulation, Explained (2026)
The 19 December 2020 regulation created everything you can buy today: standalone participation insurers, three-scholar committees, interest-free investment mandates. What it requires, what it deliberately leaves open, and why that matters at quote time.
The Scholars Behind Turkish Participation Insurance: Every Committee, Named (2026)
Every participation insurer in Turkey must run a scholar committee. Here is who actually sits on each one, what they approved in 2025, and which companies publish their work versus merely claiming it.
Surplus in Turkish Participation Insurance: Who Owes You Money Back? (2026)
Takaful theory says unused contributions can flow back to participants. In Turkey exactly one insurer has ever done it. The surplus story, the wakala fee opacity behind it, and the questions to put in writing.
Supervised Participation vs the Tekaful Pool: Turkey's Two Insurance Models (2026)
HDI Katilim openly says it does not run a tekaful pool. Neova says its participants' money sits in a segregated risk fund. Both are licensed participation insurers. Here is what the difference actually means for your money and your fiqh.
Albaraka Turk Review 2026: The Bank That Invented Turkish Participation Banking
Albaraka Turk has run interest-free since 1985, longer than anyone in Turkey. Longevity is its product; page housekeeping and partial disclosure are its weaknesses. The full review.
Neova Katilim Sigorta Review (2026): The Market Leader, Honestly
Turkey's first and largest participation insurer: 37.41% of the segment, the only surplus refund history, and a replacement car problem it created for itself. Full review, verified August 2026.
Bereket Sigorta Review (2026): Rural Turkey's Participation Insurer
Second-largest participation insurer, owned by the 163-year-old Tarim Kredi cooperative system, selling policies at 1,598 cooperatives no rival can match. Also: a share collapse from 42.61% to 32% in one year. Both facts matter.
Turkiye Katilim Sigorta Review (2026): The State Challenger
From zero to 24.87% of Turkish participation insurance in three years, on Turkey Wealth Fund capital and three state banks' branch networks. What the growth is made of, and what a three-year-old claims book cannot yet prove.