Housing Account is a type of participation account that allows you to grow long-term savings. With the Housing Account you will open in Albaraka Türk, you can both benefit from the state contribution up to 20% for your first and only housing purchase and make best use of your savings with high profit share!

Features

  • It can only be opened in TL currency.
  • It is opened with profit share rate of 90 (Customer) - 10 (Bank) as maturity term of 3 years.
  • It can be opened with a minimum of 707.09 TL.
  • Profit is shared made annually.
  • It cannot be opened as joint account and transferred to another bank as legal obligation.
  • 0% Income Tax (withholding) is applied to your gross profit due to legal obligation.
  • If you wish, you can give automatic payment order from your private current account to your Housing Account.
  • Albaraka Türk does not charge account operation fee.