Emlak Katılım

What Emlak Katılım does

Emlak Katılım (legal name: Türkiye Emlak Katılım Bankası A.Ş.) is a Turkish participation bank — Islamic finance-compliant — headquartered in Ataşehir, Istanbul, founded in 2019 and operating under license from BDDK (Banking Regulation and Supervision Agency). The bank serves both retail (Bireysel) and corporate (Kurumsal) customers with a product suite spanning demand deposits, profit-sharing participation accounts (with ratios up to 98/2 for digital accounts), precious metals accounts (Gold, Silver, Platinum with Takasbank integration), housing financing up to 80% LTV, vehicle financing, personal financing, leasing, agricultural banking, foreign trade, POS services, and a Paraf-branded credit card portfolio. Its core technology is a digital banking platform — Emlak Katılım Mobil mobile app (iOS/Android/Huawei) and Internet Branch — featuring video-call customer onboarding via NFC-enabled Turkish ID, QR-based cardless ATM withdrawals, FAST instant payments, CepPOS mobile merchant acquiring, and an in-house EmlakFX trading platform.

The bank's revenue model is primarily spread-based, generated from deploying participation accounts into Sharia-compliant financing activities, supplemented by transaction fees (0.5% financing arrangement fee, POS transactions, CepPOS), insurance and pension commissions as a distributor, sukuk issuance fees (over 100 issuances since 2019), and emerging asset management fees following the December 2025 SPK license for its Portfolio Management Company. The bank positions itself as ‘masrafsız’ (fee-free) for core banking: no account management fees, free EFT/FAST transfers, and free ATM withdrawals at 20,000+ public bank ATMs. Distribution is hybrid: 100+ branches across major Turkish cities plus a mobile-first digital channel. The bank received a sector-first BDDK license for its Savings Finance Company in July 2025, initiated its IPO process in April 2026, and acquired Papara (digital payments) on April 17, 2026, signaling a deliberate pivot toward a broader fintech and asset management footprint beyond core banking.

Name

Emlak Katılım

Legal name

Türkiye Emlak Katılım Bankası A.Ş.

Website

https://emlakkatilim.com.tr

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Emlak Katılım is a Turkish participation (Islamic) bank founded in 2019, serving retail and corporate customers with Sharia-compliant financing, profit-sharing accounts, leasing, and digital banking across 100+ branches and a mobile app.

Ownership category

akta.pro rank

Product category

Participation Banking

NAICS

Depository Credit Intermediation (5221), Credit Card Issuing (52221), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Savings Institution, Federally Chartered (6035), Asset-Backed Securities (6189), Security Brokers, Dealers & Flotation Companies (6211), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industries

Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Islamic Corporate Banking (FSABAGAC), Sukuk Origination & Structuring (Bank-led) (FSABAGAL), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Islamic SME & Commercial Banking (FSABAGAB)

Keywords

• Participation banking
• Islamic finance
• Home financing
• Digital banking
• Sukuk issuance

Headquarters

HQ city

Istanbul

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Katılma Hesapları (Participation Accounts): Demand deposits and participation accounts where funds are deployed in Sharia-compliant financing activities. Profit is shared between the bank and account holders based on participation ratios (e.g., 95/5, 90/10, 85/15). Revenue generated from financing activities is the primary income source.
2. Bireysel ve Kurumsal Finansman: Home financing (up to 80% of property value), vehicle financing (up to 5 years old vehicles), and personal financing (up to 60 months) provided on profit-sharing basis. Fees include arrangement fees (0.5% of financing amount) and mortgage establishment fees.
3. Kredi Kartları ve POS Hizmetleri: Paraf credit card issuance and merchant point-of-sale (POS) services generating transaction fees and card membership revenue.
4. Sigorta ve Emeklilik: Insurance products and pension fund distribution as agent/broker, earning commissions on policy sales.
5. Finansal Kiralama (Leasing): Financial leasing services for real estate and equipment under Islamic finance principles.
6. Sukuk İhracı: Islamic bonds (sukuk) issuance for capital market funding. The bank has completed over 100 sukuk issuances and is a market leader in domestic sukuk market.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Emlak Katılım is a Turkish participation (Islamic) bank that provides Sharia-compliant banking products including profit-sharing participation accounts, home financing (up to 80% LTV), vehicle financing, personal financing, credit and debit cards, POS services, leasing, and agricultural banking. The bank distributes these offerings through 100+ physical branches across Turkey, a mobile application, and internet banking, while also issuing sukuk (Islamic bonds) in capital markets.

Product overview

Türkiye Emlak Katılım Bankası is a participation (Islamic) bank offering a comprehensive suite of banking products across multiple channels. The core digital platform consists of Emlak Katılım Mobil (mobile banking app) and İnternet Şubesi (internet banking) enabling 24/7 account management. The account portfolio includes demand deposits (Cari Hesap, Altın/Gümüş/Platin precious metals accounts, Çeyrek Hesap), participation accounts (Katılma Hesabı, e-Katılma, Zümrüt, Çevik, Biriktiren, Yuvam, Konut Hesabı, Çeyiz Hesabı), and specialized accounts (Dijital İçerik Üreticisi, Gerçek Kişi Ticari, TFŞ Değerlenen Peşinat, Üretenle Kazan, Proje Tercihli Özel Fon Havuzu). Financing products cover housing, vehicles, personal, and commercial needs. Payment services include Banka Kartı (debit), Paraf Kredi Kartı (credit), POS terminals, and CepPOS mobile payments. Additional services include leasing, foreign trade, agricultural banking, investment products (Sukuk, EmlakFX), and insurance.

Differentiator

Problem solved

Functional benefit

Products and services

• Emlak Katılım Mobil (Mobile Banking App)

Quantifiable outcome

• Up to 80% LTV for home financing
• +4 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Portfolio Management Company - SPK LicensecoreStrategic or Co-development Partner · 11 November 2025Emlak Katılım received operational license from SPK (Capital Markets Board) for its Portfolio Management Company subsidiary in December 2025, enabling expansion into asset management services.
• ARZ Portföy (Portfolio Management)minorStrategic or Co-development Partner · 5 May 2023Partnership with ARZ Portföy for portfolio management services and investment products.
• Türkiye SigortacoreStrategic or Co-development Partner · 11 November 2021Strategic partnership for insurance products and services. Collaboration includes property completion insurance (bina tamamlama sigortası) products to protect homeowners during housing construction projects. Both institutions combined their strengths in the insurance sector.
• KOSGEB (Küçük ve Orta Ölçekli İşletmeleri Geliştirme ve Destekleme İdaresi Başkanlığı)coreStrategic or Co-development Partner · 18 October 2021Partnership for Vegetable and Fruit Cold Chain Finance Support Program (Sebze ve Meyve Soğuk Zincir Finansman Destek Programı). Supports agricultural SMEs with financing for cold storage and cold chain infrastructure.
• T.C. Darphane ve Damga Matbaası Genel Müdürlüğü (Turkish Mint)coreStrategic or Co-development Partner · 25 December 2020Partnership with Turkish Mint for the 'Çeyrek Hesap' (Quarter Gold Account) product allowing customers to deposit physical gold and receive freshly minted coins.
• Emlak Konut GYO (Real Estate Investment Trust)coreStrategic or Co-development Partner · 8 June 2020Partnership to provide housing financing to customers purchasing properties from Emlak Konut GYO projects. Offers favorable financing terms for home buyers.
• Takasbank (Takasbank Altın Transfer Sistemi)coreTechnology or IntegrationMember of Takasbank Gold Transfer System enabling gold transfers between member banks. Allows customers to easily transfer gold holdings to/from other member financial institutions.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Kuveyt Türk Katılım Bankası: Turkey's largest participation bank by assets, offering Islamic banking products including deposit accounts, financing, credit cards, and corporate banking. Directly competes with Emlak Katılım across every retail and corporate product line in the Turkish participation banking segment.
• Türkiye Finans Katılım Bankası: Turkish participation bank (owned by Saudi National Bank) offering Sharia-compliant retail, SME, and corporate banking. Closely overlaps with Emlak Katılım on sukuk issuance, housing finance, and digital banking investments.
• Albaraka Türk Katılım Bankası: Participation bank serving Turkish retail and corporate customers with Sharia-compliant products including murabaha, ijarah, and sukuk. Competes with Emlak Katılım on volume leadership in domestic sukuk and on retail participation accounts.
• Ziraat Katılım Bankası: State-owned participation bank subsidiary of Ziraat Bank, competing directly with Emlak Katılım on deposits, financing, and government-backed savings programs. State backing creates a significant competitor for funding cost and government channel distribution.
• Vakıf Katılım Bankası: State-affiliated participation bank offering Sharia-compliant retail and corporate products. Direct competitor in the Turkish participation banking market with comparable digital and branch distribution.

Broad incumbents

• Al Rajhi Bank: Largest Islamic bank globally by assets, headquartered in Saudi Arabia. Operates a participation banking franchise with comparable product architecture (housing finance, vehicle financing, profit-sharing accounts) and outsized sukuk program.
• Dubai Islamic Bank: UAE-headquartered Islamic bank with diversified retail, corporate, and treasury operations plus strong sukuk issuance track record. Comparable to Emlak Katılım in product breadth and digital banking focus.
• Kuwait Finance House: Major Gulf-based Islamic bank with retail, corporate, and treasury franchises. Comparable corporate structure to Emlak Katılım as a regulated participation bank with diversified fee businesses and capital markets leadership.

Emerging players

• Papara: Turkish fintech recently acquired by Emlak Katılım (April 2026), previously operated as a digital payments and e-money platform. Now an integrated subsidiary, but historically a peer in the Turkish digital finance ecosystem with overlapping customer acquisition channels.

Others

• Garanti BBVA: Major Turkish conventional bank with strong digital capabilities and credit card franchise (Bonus). Adjacent comparator for benchmark digital banking, branch productivity, and credit card economics where Emlak Katılım operates through its Paraf card.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/tremlakkatilim

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Emlak Katılım