Albaraka Türk was founded in 1984 in Istanbul Turkey and began actively serving in 1985 and commenced its commercial activities in 1985 as Albaraka Türk Özel Finans Kurumu.

, Islamic Development Bank (IDB) and another industry group serving the Turkish economy for more than a half century, Al Baraka Turk continued operating in Turkey in compliance with the 5411 Banking Law.

In addition to Albaraka Türk offering financial services to its customers through its branches, they also act as Anadolu Sigorta and Anadolu Hayat Emeklilik agencies, selling Insurance Policies, Private Pension Plans and other services related to their domain.

[2][3] Furthermore, Albaraka Türk in cooperation with Anadolu Hayat Emeklilik announced that they will offer Private Pension Plans in which the funds collected will be used in Sharia compliant non-interest Financial Instruments.

[4] Albaraka Türk Katılım Bankası has profit and loss partnership, consumer finance, credit card Islamic license.