Retail Banking

Current Accounts
Current Accounts
Current Accounts
Current Accounts

Albaraka Turk Participation Bank is an institution operating on profit and loss sharing principals.


Fund Collection Activities
Albaraka Turk is entitled to collect two types of funds named special current accounts and participation accounts.

 

Current Accounts
Current Accounts
Insurance
Current Accounts
Current Accounts

Special current accounts represent the deposits in Turkish Lira and foreign currencies, mainly U.S. Dollars and Euros. These accounts can be partly or wholly withdrawn upon request and no income is paid to deposit holders.

 

Features :

  • Current accounts present the services of
  • Preparing check,
  • Operations of check and bill,
  • EFT and invoice operations,
  • Credit card, automatic payment and such financing operations to their holders.
  • You can open an account by going to closest albaraka turk branch and apply to customer representatives with your identity card and residence document.
  • You can make your operations with your current account from 444 5 666 Albaraka Turk Call Center or by internet banking for 24 hours of 365 days.
  • You can take cash or make operation by reaching participation or common point banks and ATMs with your albaraka turk card. Moreover, you can take cash by reaching your account and use ATMs in aborad where you see VISA electron plus sign.

 

Insurance
  • Collected funds in private current accounts and participation accounts on Turkish currency or Exchange currency on behalf of real persons in Participation Banks depend on insurance. The part up to 50,000 TL of accounts and profit share sums of a person is within the scope of the insurance.
  • Accounts that are opened in abroad agencies including off-shore banking of Participation Banks is out of the scope of Savings Deposit Insurance Fund.
  • In case of removal of activity permit; unit account value that will be calculated on liquidiation balance sheet is based on. Payments within the scope of Savings Deposit Insurance Fund are performed on Turkish Lira. For conversion of Foreign currency account into Turkish Lira, Central Bank Exchange purchase currency is applied.
  • If shares who have accounts in private common account and/or participation account are certain; payment is performed according to these shares; including the insurance amount; if it is not certain payment is performed equally on condition that not exceeding the insurance amount for each person.