Albaraka Turk expanding fintech footprint with own accelerator, launching digital-only Islamic bank in Germany
KUALA LUMPUR - Turkey’s Albaraka Turk Participation Bank’s own accelerator kicks off its second programme next month as it lays down plans to open offices abroad to find and fund innovation with its new VC.
The Shariah-compliant bank will also officially launch its digital-only service in Germany on Sep 27, Nurettin Coskun, business development and innovation assistant manager at Albaraka Turk, told Salaam Gateway.
Albaraka Turk Participation Bank opened its own accelerator and incubator, Albaraka Garaj, last year to support entrepreneurs and start-ups with innovative projects and to find technologies to boost its own work.
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Stephanie Augustin