Albaraka Türk

Albaraka Türk Katılım Bankası A.Ş.
	; Yenilikte Bereket var!; (There is blessing in newness!)
Company type	Public
Traded as	BİST: ALBRK
Industry	Finance and Insurance
Predecessor	Albaraka Türk Özel Finans Kurumu A.Ş.
Founded	Istanbul, Turkey 1984
Headquarters	Ümraniye, Istanbul, Turkey
Number of locations	110 Branches (2011) in Turkey
Area served	Turkey
Key people	Adnan Ahmed Yusuf Abdulmalek, Chairman; Fahrettin Yahşi, CEO; Temel Hazıroğlu, COO
Products	Islamic Banking; Banking; Investment banking; Investment management
Revenue	327.2 million USD (2008)
Number of employees	1,684 (2008)
Parent	Al Baraka Banking Group
Website	www.albarakaturk.com.tr; www.albaraka.com.tr/

Albaraka Türk Katılım Bankası A.Ş. was founded in 1984 in Istanbul, Turkey by the Bahraini Al Baraka Banking Group and commenced its commercial activities in 1985 as Albaraka Türk Özel Finans Kurumu. It is known as the first Participation Bank in Turkey. The ownership structure is composed of 66.51% by foreign investment parties, 12.91% by local parties and 20.57% is held by IPO.^{[citation needed]}

In addition to Albaraka Türk offering financial services to its customers through its branches, they also act as Anadolu Sigorta and Anadolu Hayat Emeklilik agencies, selling Insurance Policies, Private Pension Plans and other services related to their domain.^[3]^[4]

Recently Albaraka Türk in cooperation with Anadolu Hayat Emeklilik announced that they will offer Private Pension Plans in which the funds collected will be used in Sharia compliant non-interest Financial Instruments. This product especially aims towards the more sensitive Islamic customers.^[5]

Ownership structure

As of 30 September 2010 the ownership structure is as shown in the table^[6]

Ownership Structure	Share Amount (in TRL)	Share (in %)
Foreign Shareholders	356,591,882.00	66.16
Al Baraka Banking Group	291,373,378.00	54.06
Islamic Development Bank	42,265,852.00	7.84
Alharthy Family	18,629,256.00	3.46
Others	4,323,396.00	0.80
Local Shareholders	61,311,022.00	11.37
Public	121,097,096.00	22.47
Total	539,000,000.00	100.00

References

^ "Albaraka Türk Bizi Tanıyın". Albaraka Türk Katılım Bankası A.Ş. Archived from the original on 2009-12-15. Retrieved 2009-11-27.
^ ^a ^b "Albaraka Türk Company Profile from Hoovers". Hoovers, a D&B Company.
^ "Albaraka Türk Katılım Bankası A.Ş. Unconsolidated financial statements including independent auditors' limited review report for the interim period ended September 30, 2010" (PDF). Albaraka Türk Katılım Bankası A.Ş. Archived from the original (PDF) on March 3, 2016. Retrieved November 15, 2010.
^ "Anadolu Hayat Emeklilik Özel Durum Açıklamaları". Anadolu Hayat Emeklilik A.Ş.^{[permanent dead link]}
^ "Anadolu ve Albarak'dan 'faizsiz emeklilik' işbirliği". Milliyet Gazetecilik A.Ş.
^ "Albaraka Türk Ortaklık Yapısı". Albaraka Türk Katılım Bankası A.Ş. Archived from the original on 2010-12-12. Retrieved 2010-12-08.

External links

[Albaraka1-1] "Albaraka Türk Bizi Tanıyın". Albaraka Türk Katılım Bankası A.Ş. Archived from the original on 2009-12-15. Retrieved 2009-11-27.

[Albaraka2-2] "Albaraka Türk Company Profile from Hoovers". Hoovers, a D&B Company.

[Albaraka3-3] "Albaraka Türk Katılım Bankası A.Ş. Unconsolidated financial statements including independent auditors' limited review report for the interim period ended September 30, 2010" (PDF). Albaraka Türk Katılım Bankası A.Ş. Archived from the original (PDF) on March 3, 2016. Retrieved November 15, 2010.

[Albaraka4-4] "Anadolu Hayat Emeklilik Özel Durum Açıklamaları". Anadolu Hayat Emeklilik A.Ş.^{[permanent dead link]}

[Albaraka5-5] "Anadolu ve Albarak'dan 'faizsiz emeklilik' işbirliği". Milliyet Gazetecilik A.Ş.

[Albaraka6-6] "Albaraka Türk Ortaklık Yapısı". Albaraka Türk Katılım Bankası A.Ş. Archived from the original on 2010-12-12. Retrieved 2010-12-08.

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