"Integration of Financial Technologies" Award Goes to Albaraka Turk

Albaraka Turk won the "Integration of Financial Technologies" award granted by the General Council for Islamic Banks and Financial Institutions (CIBAFI).

Aiming to award international financial institutions that both benefit their customers and have a positive impact on society, the General Council for Islamic Banks and Financial Institutions (CIBAFI) deemed Albaraka Turk Participation Bank worthy of the "Integration of Financial Technologies" award, as a result of comprehensive evaluations.

Albaraka Turk Participation Bank has also focused on open banking activities in recent years.

Deemed worthy of the award following the evaluations made in terms of integration of sustainability, social benefits, and financial technologies into business processes, Albaraka Turk Participation Bank has continued to carry out social responsibility activities that benefit society and the world since its establishment and has also focused on digitalization, innovation, entrepreneurship, and open banking activities in recent years and implemented financial technologies such as Albaraka Alneo, Insha, Nakit Basit, and Semosis.

"We will continue our journey of becoming the best participation bank in the world"

Melikşah Utku, General Manager of Albaraka Turk, shared his views on the issue, saying, "Especially during the pandemic period, we have experienced intensive digitalization. We have seen that digitalization is not only an investment in technology but also the capability of adapting to changing conditions. This award is a substantial indicator as it is a symbol of our efforts in the fields of sustainability, innovation, and financial technologies. I would like to thank all my colleagues for winning this award as a result of our projects that add value to the world we live in, society, and customers. We will continue to work with this understanding in the future and continue our journey of becoming the best participation bank in the world."