In the banking system, gold records are shown and priced according to the regulation* in two ways. Related registration systems are stated as 995/1000 (Gross) and 1000/1000 (Net).
As Albaraka Türk, our gold registration system is tracked and priced as 1000/1000 (Net). As a result of our efforts to provide better service to you, our valuable customers, our Bank's gold registration system will be changed to 995/1000 (Gross).
In the changed gold registration system, which we will explain in the following example, we declare that you, our valuable customers, will not be exposed to any loss in monetary terms; and if you have any questions about this issue, you can visit the nearest Albaraka Türk branch or call Alo Albaraka at 444 5 666 / 0850 222 5 666.
Albaraka Türk Participation Bank A.Ş.
Example of Gold Conversion:
**Communiqué on Decree No. 32 on Protection of Turkish Currency Value (Communiqué No: 2008-32 / 35)