Earn-with-Producers Account

The Earn and Produce Participation Account, through which our customers wishing to support production via financial leasing and share in the profits will join the scheme; this account can be opened in Turkish Lira, US Dollars and Euros, and is based on the principle of sharing in the profit or loss arising from the investment of the collected funds via a separate and dedicated fund pool distinct from other participation accounts; It is a type of account comprising funds where no return is paid to the account holder under pre-determined names such as ‘profit’, the repayment of the principal is not guaranteed, it does not share the same pool as other participation pools, and the account holder is offered a different, special distribution ratio compared to other participation accounts.

During the opening process of the ‘Üretenle Kazan Special Fund Pool Participation Account’, a participation account will be opened when our customers utilise financial leasing/leasing finance. During this period, funds deposited by savers will be held in the ‘Üretenle Kazan Special Current Account’. This period will be limited to a maximum of two months.

Accounts can be opened with monthly profit-sharing payments and a one-year term.

The savings that our customers wish to invest in the ‘Üretenle Kazan’ Special Pool are utilised in the financing arrangements that companies will use via the financial leasing method, in accordance with the principles of Participation Banking.

• A Earn with Producers Special Current Account must be opened with our Bank.
• During the opening process of the Earn with Producers Special Current Account, customers are required to sign the Earn with Producers Special Fund Pool Participation Account Agreement and the Earn with Producers Special Fund Pool Participation Account Transaction Instruction.
• At this stage, funds must be deposited into the account. Accounts with a minimum balance of TRY 10,000, USD 500, or EUR 500 are matched with a financial leasing project.
• Once the customer deposits their savings into the Earn with Producers Special Current Account, transactions will be carried out when a suitable financial leasing project becomes available. This process is expected to be completed within a maximum of two months. If no suitable project is found, the customer may freely dispose of the funds held in the special current account.
• If the financial leasing project does not generate a profit, project installments are not paid, or the project incurs a loss, no profit distribution will be made, and the customer may also incur a loss of principal.
• Balances held in Earn with Producers Special Current Accounts remain at the customers’ disposal until they are matched with a project. Once a project has been matched, no funds may be deposited into or withdrawn from the accounts, and the accounts cannot be closed under any circumstances.

• The start date of the ‘Earn with the Producer’ Participation Account, which involves monthly rent payments, will coincide with the project term.
• The account term is 12 months.
• Our customers will be informed of the monthly rent they are entitled to receive for the amount they have deposited prior to the financial lease transaction.
• Payments may be made subject to the condition that the financing is collected within the scope of the special fund pool.
• The account cannot be closed before the end of its term.
• No deposits or withdrawals may be made to the ‘Earn with Producers’ Participation Account after it has been opened.
• The profit-sharing ratio is 90/10.
• Accounts can be opened in Turkish Lira, US Dollars and Euros.
• The minimum account balances are 10,000 TL, 500 USD and 500 Euros.
• Withholding tax: This is deducted from the profit at the applicable withholding tax rate. As this is a long-term account, it offers the advantage of high returns, and the withholding tax rate is low.

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