Partnership-Based Lease Certificate

With Partnership-Based Lease Certificates, you can invest your savings in Special Fund Account Pools professionally managed by Emlak Katılım in accordance with participation finance principles.

Emlak Katılım invests the funds raised through the issuance of partnership-based lease certificates into investment instruments—such as murabaha, leasing, participation accounts, and/or other vehicles compliant with participation finance principles—within Special Fund Pool Accounts. At maturity and on periodic return payment dates, the profit or loss realized in the Special Fund Pool is shared with investors according to the pre-determined profit-sharing ratio. By purchasing partnership-based lease certificates, investors share in the returns generated by the Special Fund Pool based on the profit-sharing ratio initially agreed upon with Emlak Katılım.

Emlak Katılım utilizes the proceeds from the lease certificate issuance to provide financing support to its customers—based on a profit-sharing ratio agreed upon by the parties and using methods compliant with participation finance principles—under the Agency and Management Agreement executed with Emlak Katılım Varlık Kiralama A.Ş. (Emlak VKŞ), which acts as the investors' representative.

Under the provisions of the Agency and Management Agreement, Emlak VKŞ authorizes Emlak Katılım to act as the Managing Agent/Mudarib to carry out tasks and transactions including, but not limited to, the following:

• Collecting receivables arising from the financing support provided to customers upon maturity and transferring the proceeds to collection accounts.
• Exercising due diligence regarding the timely collection of financing support revenues and conducting necessary inquiries and follow-up procedures concerning any delays.
• Investing the Sukuk issuance proceeds—held in special fund pools opened by Emlak Katılım—in investment instruments compliant with participation finance principles, such as participation accounts and/or participation accounts based on investment agency mandates.
• Emlak Katılım may invest a portion (10%) of the funds raised through the issuance in short-term, liquid investment instruments compliant with participation finance principles to cover potential redemptions and payments associated with the relevant lease certificate.

Liquidity Advantage / Right of Resale
Lease certificate holders may sell their certificates back to Emlak Katılım prior to maturity if the need arises.

For lease certificate issuances with interim return payments, any buyback transaction executed on the scheduled payment dates will be processed as a secondary market sale, with the price calculated by Emlak Katılım based on the profit or loss realized up to that point.

Dynamic Pool Return Advantage
By virtue of their structure, Special Fund Pools are invested according to market conditions prevailing at the start of the term—distinct from the bank's general fund allocation activities—thereby offering more dynamic and competitive return potential compared to standard participation accounts.

Professional Fund Management
Lease certificate holders' funds are professionally managed by Emlak Katılım using methods compliant with participation finance principles.

Use as Collateral
Investors who hold lease certificates issued by the bank may obtain financing from the bank by pledging these certificates as collateral.

You can carry out lease certificate trading transactions through the investment account you open with Emlak Katılım, using our branches and the Internet Branch.