Turkey’s Wealth Fund to Take Over Ziraat, Halkbank Islamic Units

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Inci Ozbek October 9, 2026 at 4:41 PM UTC Turkey’s state-run lenders Ziraat Bankasi and Halkbank applied for regulatory approval to transfer their Islamic banking units to a Turkey Wealth Fund subsidiary TVF Katılım Finans Yatırımları AS, according to public filings. Ziraat plans to transfer its 99.99% stake in Ziraat Katilim Bankasi AS , while Halkbank plans to transfer its 99.99% stake in Halk Katilim Bankasi AS. Transaction prices were not disclosed.