Kuveyt Türk Participation Bank: Islamic Banking with Modern Confidence

Kuveyt Türk is one of the leading Islamic banks in TURKIYE, combining Sharia-compliant principles with modern financial services.

The bank Established in 1989 with support from Kuwait Finance House, it began full operations in 1999 and has since become a preferred destination for both Turkish citizens and foreigners seeking reliable, ethical banking.

Main Branches in TURKIYE, Especially in Istanbul

The bank operates over 277 branches across TURKIYE, with dozens located in Istanbul’s key districts. Some of the major branches include:

In Istanbul:

• Head Office – Şişli: Büyükdere Caddesi No:129, Esentepe, Şişli/İstanbul
• Fatih Branch: Fevzipaşa Cad. No:117, Fatih/İstanbul
• Taksim Branch: Sıraselviler Cad. No:7, Beyoğlu/İstanbul
• Kadıköy Branch: Bahariye Cad. No:45, Kadıköy/İstanbul
• Başakşehir Branch: Kayaşehir Mah. 5. Etap, Başakşehir/İstanbul
• Additional branches in Ümraniye, Bakırköy, Zeytinburnu, Beylikdüzü, Esenyurt, and more.

In other major cities:

• Ankara – Kızılay Branch: Atatürk Bulvarı No:123, Kızılay/Ankara
• İzmir – Konak Branch: Cumhuriyet Bulvarı No:89, Konak/İzmir
• Bursa – Nilüfer Branch: FSM Bulvarı No:67, Nilüfer/Bursa

Number of Branches and ATMs

Kuveyt Türk has over 277 branches in TURKIYE.

The bank also operates more than 430 ATMs across the country, especially concentrated in Istanbul, shopping centers, transportation hubs, and residential areas. These ATMs support Turkish lira, US dollar, and euro transactions.

Official Website

www.kuveytturk.com.tr

Bank Services in Detail

• Personal Banking: Current and participation accounts, debit and credit cards, money transfers (EFT, SWIFT), bill payments, and Islamic-compliant financing for personal needs, housing, and vehicles.
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• Digital Banking: Mobile app (available in Turkish and English), internet banking, remote account opening under certain conditions, Apple Pay and Google Pay integration.

• Corporate Banking: Business accounts, project financing through Islamic contracts (murabaha, ijarah), POS systems, payroll management.

• Investment Services: Participation-based investment certificates, funds, and Islamic investment portfolios.

• Precious Metals Accounts: Accounts in gold, silver, and platinum for saving or investment, all managed digitally.

• Additional Services: Safe deposit boxes, Arabic-speaking staff in select branches, customer service in multiple languages, charity and zakat services, multi-currency ATMs.

Types of Bank Accounts and Supported Currencies

• Current Account: Non-interest account used for daily transactions. Available in TRY, USD, EUR, Gold, Silver, and Platinum.

• Participation Account: Islamic profit and loss sharing model. Terms range from 1 to 12 months. Available in TRY, USD, and EUR.

• Digital Participation Account: A participation account opened online, offering higher expected profit rates. Same terms and currencies as standard participation account.

• Precious Metals Accounts: Enables holding and trading in gold, silver, or platinum. Fully operated online.

• Accumulated Savings Account: Designed for systematic monthly savings. Available in Turkish lira.

• Interim Profit Payment Account: Allows interim profit payments before the maturity date. Available in TRY, USD, and EUR.

• YUVAM Participation Account: Targeted at Turkish citizens abroad, available only in Turkish lira, and protected from currency fluctuations.

• Digital Explorer Account: A savings account for children with parental control, available in Turkish lira.

What Makes the Bank Stand Out

Kuveyt Türk operates entirely under Islamic banking principles. It offers diverse account types in multiple currencies, robust digital platforms, Arabic-speaking services, extensive branch and ATM coverage, and Sharia-compliant investment solutions.

Is It Available for Arabs and Foreigners?

Yes. Arabs and other foreigners, whether residents or non-residents in TURKIYE, are welcome. Many branches, especially in Istanbul, provide service in Arabic and support for opening accounts and conducting transactions.

Required Documents to Open an Account

For residents:

• Valid passport or residence permit
• Foreigner ID number or Turkish tax number
• Proof of address in TURKIYE (such as a utility bill or rental contract)
• Turkish mobile number

For non-residents (in select branches):

• Valid passport
• Proof of address abroad
• Turkish tax number from the local tax office