18.03.2026 10:42
The Banking Regulation and Supervision Agency (BDDK) has approved the establishment of Fuzul Participation Bank, which is preparing to enter the participation banking sector with a capital of 13.2 billion lira.
The Banking Regulation and Supervision Agency (BRSA) has approved the entry of a new participation bank into the Turkish banking sector. The establishment of Fuzul Participation Bank Inc. was formalized with a decision published in the Official Gazette. According to the decision made by the BRSA, the bank will start its operations with a capital of 13 billion 200 million lira. Established under the leadership of Fuzul Holding and the real estate companies within the group, the bank will provide services based on the principles of participation banking.
FOUNDING PARTNERS IDENTIFIED
The decision published in the Official Gazette stated that among the founding partners of the bank are Fuzul Holding Inc., Fuzul Yapı Real Estate and Construction Inc., as well as Mahmut Akbal, Eyüp Akbal, and Zeki Akbal. As a result of the examinations conducted under the Banking Law No. 5411, it was determined that the bank met all the establishment conditions.
ENTRY INTO THE SECTOR WITH HIGH CAPITAL
The bank, which stands out with its establishment capital of 13 billion 200 million lira, is emerging as a new player expected to increase competition in the field of participation banking. The decision made at the BRSA's meeting on March 12, 2026, also certified the bank's financial adequacy and the suitability of its partnership structure.
ACTIVITY PERMIT PROCESS HAS STARTED
It has been learned that the activity permit process of the bank has also begun following the establishment approval. The new bank is expected to start providing services after completing its management structure and operational preparations.