Albaraka Türk Launches Service Enabling Bahraini Customers to Open Accounts in Turkey

Foreks - Albaraka Group has signed a significant collaboration to enhance cross-border banking experiences between Turkey and Bahrain.

Turkey's leading participation bank, Albaraka Türk (IS:ALBRK), along with Al Baraka Islamic Bank, one of the leading participation banks in the Kingdom of Bahrain, has launched an important service that allows Albaraka Türk Private Banking customers to open accounts in Bahrain and Turkey. This collaboration will enable Albaraka Türk Private Banking customers in Bahrain, as well as clients in Bahrain, to conduct current and participation account transactions in Turkey. Houssem Ben Haj Amor, CEO of Al Baraka Group, stated: "We are pleased to announce this important partnership as Albaraka Group. This service will significantly enhance the experience of our clients in Bahrain and Turkey, while also facilitating access to comprehensive and high-quality products. We believe that this partnership will strengthen our clients' trust and contribute to the growth of trade volume in both countries."

Collaboration to Strengthen the Economy between Turkey and Bahrain

Speaking about the collaboration initiated to identify sectors that guide foreign trade activities in both countries and strengthen potentials for new market areas, Malek Temsah, General Manager of Albaraka Türk, said: "We are very pleased to sign this collaboration that will strengthen the global and local economy between Turkey and Bahrain. By elevating the limitless banking experience to the highest level, we believe this partnership will enhance our clients' trust and contribute to the growth of our businesses in both countries. This collaboration will strengthen Al Baraka Group's global position while providing better service to our clients through lasting partnerships and innovative banking solutions."