ACCOUNTS AND INVESTMENT PRODUCTS

• You can open Gold Participation Account by minimum 75 gr of gold.
• You can open your account with 1-month, 3-month, 6-month or 1-year term. Also, you can open a flexible term deposit account with minimum 32 days and maximum 1095 days.
• It is possible to withdraw gold from the account in the middle of the term in such a way that the balance does not go below 75 grams of gold. In this case, you receive a profit share on the basis of the remaining balance.
• You do not pay any labor cost for gold buying/selling.
• You can physically receive your gold (5 kg or more) in your account in multiples of 1 kg.
• You can eliminate any risk of loss or theft.

*Gold Accounts, Special Current Accounts and Participation Accounts (which are not subjected to commercial transactions and opened by natural persons) in Participation Banks are insured up to the amount of equivalent 150,000 TL per person.

• In the Gold Current Account, only the gold that is held in our stocks is sold.
• Same gold is not sold to more than one person.
• The gold which is registered in grams in the accounts, is kept as gold bullion in the Albaraka Turk’s safe box in the Istanbul Gold Exchange and the settlement and custody revenues are paid by our Bank on behalf of the customer.
• You need to contact our bank where your account is open 2 business days before you start physical gold transactions
• In physical gold delivery, 0.08% commission fee is charged over the gold price.
• You can visit the nearest Albaraka Türk Branch to open the Gold Current Account and you can get detailed information from Alo Albara at 444 5 666 or 0850 222 5 666.