Türkiye: Islamic banks and finance
Checked on October 12, 2026
In Turkey, the “special finance houses” set up in the 1980s became participation banks (katılım bankaları) under Banking Law 5411 of 2005; they are licensed and supervised by the BDDK and grouped within the TKBB association. In 2026 the TKBB has eleven member banks, including three state-owned ones (Ziraat Katılım, Vakıf Katılım, Emlak Katılım) and several recent digital banks. At the end of August 2026 the sector had 1,513 branches, about 22 million customers and more than TRY 5.3 trillion in assets. Participation insurance and pensions (tekâfül, katılım emeklilik) are supervised by the SEDDK, and the state has issued lease certificates (sukuk) since 2012.
The 14 providers
-
Kuveyt Türk
Participation bank- Group
- Kuwait Finance House (KFH)
- Since
- 1989
- Supervision
- BDDK
- Products
- Current account, Card, Savings, Home finance, Car finance, Personal finance, Business, Investments, Insurance
-
Albaraka Türk
Participation bank- Group
- Al Baraka Group (Bahreïn)
- Since
- 1985
- Supervision
- BDDK
- Products
- Current account, Card, Savings, Home finance, Car finance, Personal finance, Business, Insurance
-
Türkiye Finans
Participation bank- Group
- Saudi National Bank (SNB)
- Since
- 2005
- Supervision
- BDDK
- Products
- Current account, Card, Savings, Home finance, Car finance, Personal finance, Business
-
Vakıf Katılım
Participation bank- Group
- État turc
- Since
- 2016
- Supervision
- BDDK
- Products
- Current account, Card, Savings, Home finance, Car finance, Personal finance, Business
-
Ziraat Katılım
Participation bank- Group
- Ziraat Bankası (État turc)
- Since
- 2015
- Supervision
- BDDK
- Products
- Current account, Card, Savings, Home finance, Car finance, Personal finance, Business
-
Emlak Katılım
Participation bank- Group
- État turc
- Since
- 2019
- Supervision
- BDDK
- Products
- Current account, Card, Savings, Home finance, Car finance, Personal finance, Business, Insurance
Created by converting the former Emlak Bankası, the state-owned bank has operated as a participation bank since 2019.
-
Hayat Finans
Participation bank- Group
- Hayat Holding
- Supervision
- BDDK
- Products
- Current account, Card, Savings, Personal finance, Business
-
Dünya Katılım
Participation bank- Supervision
- BDDK
- Products
- Current account, Savings, Personal finance, Business, Investments
Created by converting Adabank into a participation bank, Dünya Katılım is one of the TKBB’s eleven members in 2026 and holds an investment services licence from the SPK.
-
T.O.M. Bank
Participation bank- Group
- Turgut Aydın Holding
- Supervision
- BDDK
- Products
- Current account, Card, Savings, Personal finance
A branchless digital participation bank, TOM Bank reports around 3.5 million customers in 2026.
-
Adil Katılım
Participation bank- Supervision
- BDDK
- Products
- Current account, Business
-
İktisat Katılım
Participation bank Activity to be confirmed- Supervision
- BDDK
A TKBB member with TRY 10bn in capital, the bank announces an upcoming opening in October 2026 and does not yet offer products to the public.
-
Katılım Emeklilik ve Hayat
Takaful insurer- Group
- Kuveyt Türk / Albaraka Türk
- Since
- 2013
- Supervision
- SEDDK
- Products
- Insurance, Savings
-
Türkiye Katılım Sigorta / Türkiye Katılım Hayat
Takaful insurer- Supervision
- SEDDK
- Products
- Insurance, Savings
-
Neova Katılım Sigorta
Takaful insurer- Supervision
- SEDDK
- Products
- Insurance
Before you commit
- Ask for the names of the Shariah board members and their published rulings on the product.
- Check that the provider is authorised by the country’s regulator.
- Compare the total cost, not just the monthly payment: the calculators in this section can help.
- Read the contract: who owns the property, who bears the risk, late-payment charges and where they go.