• You can open Accumulating Participation Account in TL / USD / EUR / Gold currency with 3 years maturity.
• The minimum opening amount for the Accumulating Participation Account is 1000 TL / USD / EUR and 50 grams Gold.
• Monthly or 3-month money deposit periods are selected while openning the account.
• It is not compulsory to make regular payments every month. In case of disruption of your regular payments, you can pay the month you wish, without closing the account.
• You can make a deposit the desired amount in the payment periods.
• Profit distribution is made annually.
• When you want to withdraw money before the maturity date (3 Years before the maturity date); you can withdraw money up to 50% of the account balance at the time of the transaction, up to 3 times as of the account opening date due to the legal requirement. If these limitations are exceeded, 50% of the gross profit distributed to the account will be withdrawn due to the legal requirement.
• If you want to vlose the account before the maturity date (3 years before the maturity date), 50% of the gross profit distributed to the account will be withdrawn.
• Due to legal requirement, income tax is deducted from the gross income of your profit.

You can visit the closest Albaraka Turk Branch to open Accumulating Participation Account.

Turkish Citizens

1. ID Card: ID card, driver's license or passport

2. Address Document: Any utility bills (telephone, electricity, water, etc.) issued in the last three months, place of residence, or any document containing address information issued by official authorities.

Foreigners with Residence Permit in Turkey

1. ID Card: Passport or Residence Permit Card

2. Foreign Identification Number

3. Address Document: Passport with address information, any utility bill issued in the last three months (telephone, electricity, natural gas, water, etc.) or any document containing address information issued by official authorities.

Foreigners Living Abroad

1. ID Card: Passport or ID document *

2. Tax Identification Number

3. Address Document: A copy of any utility bill for the last three months showing the address of the passport with the address information or the address of the country in which the person lives (This document may be delivered to our branch by fax, e-mail or mail.)

(*) a) The "European Agreement on the Travel of Persons among the Council of Europe Member States" states that the Contracting Parties shall provide the identity documents (with the entry and exit form which must be filled in at the border gates) issued by the authorities of the country of origin of the non-commercial citizens for a period of not more than three months
b) The identity card of the citizens of the Turkish Republic of Northern Cyprus (issued by the TRNC. Ministry of Interior)

NOTE: According to Article 27 of the Turkish Citizenship Law No. 5901, those who lose their Turkish citizenship are accepted as foreign nationals.

• The portion of real person accounts totaling up to 100.000 TL is guaranteed by the Savings Deposit Insurance Fund (TMSF).
• The accounts opened in foreign branches and subsidiaries including the coastal banking zones are not included in the scope of the Savings Deposit Insurance Fund.
• At the end of the operating permit, payments for participation accounts are based on the date on which the permission is revoked and calculations are made on the liquidation balance sheet. The amount is based on the unit account value. Payments within the scope of the Savings Deposit Insurance Fund are made with Turkish Lira. At the conversion of foreign currency accounts into Turkish Lira, the Central Bank's foreign exchange buying rates on that date is applied.
• If the shares of the persons with joint private current account or participation account are known, payment shall be made according to these shares within the amount of insurance, if not certain, it can be paid without t exceeding the insurance amount for each person.