Question 1

What is the SWIFT code for Albaraka Türk?

Accepted Answer

The SWIFT/BIC code for Albaraka Türk is BTFHTRIS. This 11-character code identifies the bank in international wire transfers and is registered with SWIFT (Society for Worldwide Interbank Financial Telecommunication).

Question 2

How do I send an international wire transfer to Albaraka Türk?

Accepted Answer

To send money internationally to Albaraka Türk, provide your bank with the SWIFT/BIC code BTFHTRIS (Istanbul, Turkey) along with the recipient's full IBAN. Your bank will route the transfer via the SWIFT network.

Question 3

Is Albaraka Türk a SEPA member?

Accepted Answer

No, Albaraka Türk is not a SEPA member. All international transfers to this bank must be sent as SWIFT wire transfers using BIC code BTFHTRIS.

Question 4

What does the BIC code BTFHTRIS mean?

Accepted Answer

In the BIC code BTFHTRIS: "BTFH" is the institution code identifying Albaraka Türk, "TR" is the ISO 3166-1 country code for Turkey, and "IS" is the location code indicating the bank's city or timezone zone. The final three characters "XXX" identify a specific branch.

Question 5

Who owns Albaraka Türk?

Accepted Answer

Albaraka Türk is owned by Al Baraka Group B.S.C., a banking group based in Bahrain. Albaraka Türk is registered in Turkey as a local entity, while its ultimate ownership sits with the parent group in Bahrain.

BTFHTRIS

Frequently Asked Questions