One of the largest interest free banks is supporting the SBF 2017
Albaraka, the first finance institution and the pioneer in the field of interest-free banking will participate as an interpanel sponsor for Sarajevo Business Forum 2017, it has been confirmed.
This well-known finance institution completed its establishment in 1984 and commenced operations in the beginning of 1985. 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. Cooperation with the most important investor's conference in the Southeastern Europe –Sarajevo Business Forum 2017 is very valuable and benefiting for both parties.
As of 31.03.2016, in the partnership structure of Albaraka Turk, foreign partners are 65.98%, native partners are 9.20% and shares open to the public is 24.82%. The structure of Albaraka's partnership is the guarantee of the reputation and trust we already have
Albaraka, which collects funds through current and participation accounts and in turn circulates the funds into the economy through individual finance, corporate finance, financial leasing and profit/loss sharing based on projects, etc., is authorized to provide various financial and banking services through interest-free banking applications.
Albaraka, which commenced banking with the vision of becoming the best in the region in presenting financial products and services in the regions (The Gulf, Middle East and South Africa) where its main partner Albaraka Banking Group operates, is able to provide its customers with superior, rapid and secure foreign trade (import, export and foreign exchange) thanks to a wide network of correspondent banks.
Network is comprised of over 1.000 banks operating in over 100 countries around the world, from Singapore to U.K., from South Africa to Morocco, and from Australia to Kazakhstan.
Albaraka, who is ambitious in the field of Individual Banking, has been operating with its 175 branches all over the country and 1 branch abroad, 70 of which are in Istanbul and 105 of which are in the prominent industry and trade centers of Turkey, as an international participation bank that has adopted the mission of adding value to its customers, shareholders, employees and Turkey.