Vakıf Katılım Bankası
in Turkiye 🇹🇷
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About Vakıf Katılım Bankası in Turkiye
Vakıf Katılım Bankası is a public participation bank operating in Turkey based on Islamic banking principles. As Turkey's first state-owned participation bank, it provides interest-free banking services in compliance with Sharia law. The bank is owned primarily by the Directorate General of Foundations (Vakıflar Genel Müdürlüğü) and operates as a member of the Vakıfbank Group.
Vakıf Katılım serves individual and corporate customers through participation banking products. It focuses on profit and loss sharing models rather than traditional interest-based banking.
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