Albaraka Turk, the first and pioneer of the Finance Institutions in Turkey that operate on interest-free basis, initiated its operations at the very beginning of 1985 having completed its foundation in 1984. Based upon the Resolution of General Assembly Meeting dated 21.12.2005, the Corporate Title was changed as Albaraka Türk Participation Bank Co. Inc., which carries on its activities according to Banking Law no. 5411.

The portion of foreign shareholders in the current shareholders' structure of Albaraka Turk, which was founded under the leadership of Albaraka Banking Group (ABG), of the leading groups in the Middle East, Islamic Development Bank (IDB) and a domestic industrial group that has been serving Turkish economy for over half a century. In the present shareholding structure the foreign shareholders hold 66,51 percent, the local shareholders hold 12,92 percent and IPO hold 20,57 percent of the shares respectively. The shareholding structure of Albaraka Turk itself is the very guarantee of confidence and high standing.

Albaraka Turk, which is also competent in Individual Banking, as a universal finance institution that has adopted the mission to contribute to the welfare of its shareholders, employees, customers, society and environment, carries out its activities by means of a total number of 79 branches all over the country as at the end of October 2007 (30 in Istanbul and 49 in major industrial and commercial centres) and 1464 employees.

Mr. Adnan Buyukdeniz
General Manager
Albaraka Turk Participation Bank Co. Inc.
Buyukdere Cad No.78
34394 Mecidiyekoy, Istanbul, Turkey
Tel: +90 212 274 9900
Fax: +90 212 272 4470
Website: www.albarakaturk.com.tr