Company Summary
| Kuveyt Türk Review Summary | |
| Founded | 1998 |
| Registered Country/Region | Turkey |
| Regulation | No regulation |
| Services | Personal banking, business banking, gold banking, Islamic financing |
| Platform/APP | Kuveyt Türk Internet and Mobile Banking |
| Customer Support | WhatsApp: 444 0 123 |
| Phone: +90 212 354 11 11 | |
Kuveyt Türk Information
Kuveyt Türk Participation Bank is a Sharia-compliant bank based in Turkey that offers a wide range of Islamic banking services. It offers participation accounts, savings accounts for gold and other precious metals, investment and financing products for people and businesses.
Pros and Cons
| Pros | Cons |
| Long operational history | No regulation |
| Multiple financing and account types | Unclear fee structure |
Is Kuveyt Türk Legit?
No. Kuveyt Türk is an unregulated entity. Traders should be aware of this risk.
Services
Kuveyt Türk offers services in personal banking, business banking, gold banking, and Islamic financing.
Account Type
| Account Type | Features |
| Current Account | Basic deposit/withdrawal account with no profit share |
| Participation Account | Sharia-compliant profit-sharing savings account |
| Gold Account | Indefinite term account denominated in grams of gold |
| Other Precious Metal Account | Account to save various other precious metals |
| Investment Account | Account for managing and growing savings through investment tools |
Platform/APP
| Platform/APP | Supported | Available Devices |
| Kuveyt Türk Mobile App | ✔ | iOS, Android |
| Kuveyt Türk Internet Branch | ✔ | Web, PC |
Payment Methods
Users can send money and make payments through bank transfers, SWIFT (Code: KTEFTRIS, BIC: 205), mobile banking, ATMs, or in-branch services. Transaction limits are 15,000 Turkish Liras per day and 75,000 Turkish Liras per month (or the same amount in USD/EUR) unless an extra limit is given.
