ZIP

Participation Account

Participation Account is the type of account opened with minimum 1-month maturity that allows for the distribution of yield at the end of maturity within the scope of the profit-loss partnership.

  • Participation Account is the type of account that allows for the distribution of yield within the scope of the profit-loss partnership between the account holder and Emlak Bank. The funds collected in Participation Accounts are used in financing trade, industry and service sectors in line with the principles of interest-free banking.
    • The accounts can be opened in TRY, USD and Euro as minimum monthly deposit accounts.
    • Profit sharing rates vary by account types.

Participation Account is based on sharing of the profit and loss from the projects financed by the Bank. These accounts don’t have any predetermined or committed or guaranteed yield.

Features of the Participation Accounts

  • This Is not applicable to Active Accounts with Interim Profit Share Payment.
  • Participation Account features profit-loss partnership, enabling you to achieve yield in line with interest-free banking principles.
  • The funds you deposited are used in financing trade, industry and service sectors in line with the principles of interest-free banking and specific percentage of the acquired profit is distributed to the account holders.
  • Participation Account allows you to utilize your TL or F/X investments at the rates and terms most suitable to you.
  • You can open your Participation Account in TL, EUR and USD with a term of 1, 3, 6 or 12 months.
  • If you wish, you can open “Flexible Term Participation Account” with a defined term of 32 to 450 days.
  • When you need, you can withdraw money from your Participation Accounts without terminating the term and receive your profit share at maturity over the remaining amount.

Withholding Rates for Participation Accounts

The withholding rate on gross profit share received from participation accounts vary by currency and maturity. Withholding rates valid starting from 21.03.2019 are as follows;

Maturity TL Foreign Currency Precious Metal
Maturity up to 6 months (Including 6 months) 5% 20% 15%
Maturity up to 1 year (Including 1 year) 3% 20% 15%
Maturity more than 1 year 0% 18% 15%

*Withholding rates for TL Participation Accounts are valid until 31/12/2020 as per presidential Decision No: 3032.

Monthly - 12/04/2019- 12/05/2019 - 30 days

 

3-Month - 12/04/2019- 12/07/2019 - 91 days

 

6-Month - 12/04/2019- 09/10/2019 - 180 days

 

1 Year - 12/04/2019-10/04/2020 - 364 days

 

Maturity more than 1 year = 365 days and above.

EMLAK KATILIM 
Profit Sharing Rates
Foreign Currency Type Minimum Balance Maximum Balance Sharing rate
(31-day)
Sharing rate
(3-month)
Sharing rate
(6-month)
Sharing rate
(1 Year)
Sharing rate
(More than 1 year)
TL 250 24.999 85 86 86 87 87
TL 25.000 99.999 87 88 88 89 89
TL 100.000 499.999 90 91 91 92 92
TL 500.000 1.249.999 92 93 93 94 94
TL 1.250.000 2.999.999 94 95 95 96 94
Profit Sharing Rates
Foreign Currency Type Minimum Balance Maximum Balance Sharing rate
(31-day)
Sharing rate
(3-month)
Sharing rate
(6-month)
Sharing rate
(1 Year)
Sharing rate
(More than 1 year)
USD 250 24.999 80 80 82 85 85
USD 25.000 99.999 85 85 87 90 90
USD 100.000 499.999 90 90 92 94 95
USD 500.000 1.249.999 92 91 93 94 95
USD 1.250.000 ve üzeri 93 93 94 95 95
Profit Sharing Rates
Foreign Currency Type Minimum Balance Maximum Balance Sharing rate
(31-day)
Sharing rate
(3-month)
Sharing rate
(6-month)
Sharing rate
(1 Year)
Sharing rate
(More than 1 year)
EUR 250 24.999 65 65 67 70 70
EUR 25.000 99.999 65 65 67 70 70
EUR 100.000 499.999 70 72 72 74 75
EUR 500.000 1.249.999 70 72 72 74 75
EUR 1.250.000 ve üzeri 70 72 72 75 75
Profit Sharing Rates
Foreign Currency Type Minimum Balance(gr) Maximum Balance(gr) Sharing rate
(31-day)
Sharing rate
(3-month)
Sharing rate
(6-month)
Sharing rate
(1 Year)
Sharing rate
(More than 1 year)
AU 10 99,99 - 65 65 65 65
AU 100 ve üzeri 50 65 65 65 65
Profit Sharing Rates
Foreign Currency Type Minimum Balance Maximum Balance Sharing rate
(31-day)
Sharing rate
(3-month)
Sharing rate
(6-month)
Sharing rate
(1 Year)
Sharing rate
(More than 1 year)
XAG 5.000 10.000 - 30 30 - -
XAG 10.000 ve üzeri 30 30 30 - -