As Albaraka Türk Participation Bank, the pioneer of interest-free banking, we decided to carry out our 30 years of experience and expertise through the newest and fastest way beyond the borders. For this purpose, we set to work to spread interest-free banking in Europe. As a result of the cooperation we developed with solarisBank, which provides an infrastructure banking service, we introduced our interest-free digital banking platform as "insha".
Our company "insha GmbH", which will carry out interest-free banking services in Europe, is a 100% subsidiary of Albaraka Türk. insha uses solarisBank’s banking license that issued by the European Central Bank and therefore is audited by the German Financial Supervisory Authority (BaFin). Our conformality with interest-free finance is regulated by Albaraka Türk Shariah Board and TKBB Central Shariah Board. We have just a management office in Germany.
Albaraka Türk Participation Bank
As Albaraka Türk Participation Bank, we were founded in 1984 by pioneering interest-free banking in Turkey and began actively serving in 1985. Having founded under the guidance of the strong capital groups in the Middle East, Albaraka Banking Group (AGB), Islamic Development Bank (IDB) and another industry group serving the Turkish economy for more than a half century, we continue operating in Turkey in compliance with the 5411 Banking Law.