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113 articles
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.
Ziraat Katilim Review 2026: The Disclosure Benchmark of Turkish Participation Banking
Ziraat Katilim prints everything: a flat 90/10 TL grid, weak FX and gold splits it could have hidden, and the full TMSF fine print. The state bank that made honesty its product.
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.
HDI Katilim Sigorta Review (2026): Best Paperwork, Smallest Book
The Talanx group's Turkish participation insurer publishes its icazet, explains its model, and openly admits it does not run a tekaful pool. Around 1% market share and shrinking. The strangest, most honest operator in the segment.
Katilim Emeklilik Life Insurance Review (2026): The Icazet Standard
The Albaraka-Kuveyt Turk joint venture is Turkey's first interest-free life insurer and the only one whose signed icazet spells out where every lira may be invested. Its life shelf reviewed: comprehensive cover, credit life, and the gaps.
How to Shop Quote-Only Participation Insurance in Turkey (2026)
Not one Turkish participation insurer publishes a rate card. Everything is quoted: by branch, agent, call center or aggregator. Here is the process that gets you a fair price anyway, plus the written questions that protect you.