Albaraka Turk, the first finance institution and the pioneer in the field of interest-free banking, completed its establishment in 1984 and commenced operations in the beginning of 1985. Albaraka Turk continues its operations in compliance with the Law of Banking numbered 5411. Albaraka Turk was founded by Albaraka banking Group (ABG), one of the prominent groups of the Middle East, Islamic Development Bank (IDB) and a native industrial group of Turkey, which served the Turkish economy for more than half a century. As of 31.05.2012, in the partnership structure of Albaraka Turk, foreign partners are 66.16%, native partners are 11.06% and shares open to the public is 22.78%. The structure of Albaraka's partnership is the guarantee of the reputataion and trust we already have.