Albaraka Turk Review - Halal Finance Products

The core profit-share deposit at Turkey's first participation bank (founded 1984, operating since 1985). Opens from TRY, USD or EUR 250 in standard tenors of 1, 3, 6 and 12 months, with periodic profit payment available on tenors of a year or longer and a flexible tenor option from 32 to 1,095 days. Funds are deployed into industry, trade and services financing under the interest-free banking principle, and the return becomes known at maturity. Money can be withdrawn at maturity windows, or earlier with the bank's specific consent with profit then paid on the remaining balance. Holding five or more Albaraka products earns up to a 35 percent boost to the profit share. Deposits are TMSF-insured up to TRY 1.2 million.

A gold-denominated participation account: buy 500 to 5,000 grams of account gold and hold it in tenors of 6 or 12 months, or a flexible 180 to 1,095 days, earning a profit share paid in gold. The account is exempt from account operating fees, removes home-storage theft and loss risk, and can be funded from an existing Albaraka current account or gold deposit (Altin Depo) account. Balances are TMSF-insured within the TRY 1.2 million limit under Banking Law Article 63.

Interest-free home purchase financing for new and second-hand homes with 5, 7 and 10 year term options and an on-page payment plan calculator that itemizes principal, profit share and the zero KKDF and BSMV tax lines that apply to housing finance. Digital applications run through the Jet Finansman channel; a summer 2026 digital campaign (July 31 to August 31) advertises monthly profit rates from 2.87 percent for digitally originated home financing. Albaraka also fields adjacent products: land, 2B land, housing-rent financing, prefabricated housing and an accessibility-focused Engelsiz Hayat program.

Vehicle purchase financing for new and used cars (used up to 10 years old), for both personal and commercial vehicles, with the BDDK value-cap table printed on the page: 70 percent financing up to TRY 400,000 of vehicle value, 50 percent to 800,000, 30 percent to 1.2 million, 20 percent to 2 million, nothing above. New cars price off the final invoice, used cars off the kasko value. A summer 2026 digital campaign advertises monthly profit rates from 3.19 percent for app-originated financing (Dijital Arac Finansmani). Motorcycle financing is a separate product.

Albaraka Turk's demand account: open in TL, foreign currency or gold, with deposits and withdrawals any time, no profit paid and no account transaction fee charged. Serves as the settlement hub for the bank's cards, financing installments, bill payments and transfers, and pairs with Albaraka's gold accounts and physical gold collection days (including a jeweler network for depositing physical gold). Opens via Albaraka Mobil with remote onboarding, the internet branch, phone banking or branches.