Project-Specific Special Fund Pool

This is an account type based on the principle of profit and loss sharing, where funds deposited in Turkish Lira are utilized by our Bank to finance specific projects. It is based on the principle that the account holder is not paid any pre-determined return, and the repayment of the principal is not guaranteed.

Accounts can be opened with a 3-month maturity group.

During the opening process of the Project-Specific Special Fund Pool Participation Account, the participation account will be opened once financing is utilized within the maturity group preferred by the customer. During this period, the funds deposited by the savers will be held in a Project-Specific Current Account. This period is limited to a maximum of one month.

Our saver customers will be given the opportunity to choose the sector for which they want their deposited savings to be provided as a source of financing.

Customers who wish to open an account within the scope of the Project-Specific Special Fund Pool can select the sector for which they want financing to be provided, along with their maturity choice. If a suitable project is found based on the sector preference, the transaction will be evaluated; if no financing request from the specified sector reaches our Bank, financing may be utilized for a different sector.

To evaluate applications and ensure the participation of other participants, the deposited amounts can be held in a Project-Specific Special Current Account (not exceeding a maximum of one month). No payment is made to our customers for this period. For customers who wish to open an account within this scope, an additional current account related to the Project-Specific Special Fund Pool will be defined. The balance in the defined additional current account number will be transferred to the Special Fund Pool Participation Account after the relevant project is found, and it will be matched with the preferred project.

Channels Where You Can Perform Transactions:

•  Mobile Branch
•  Branch
•  Internet Branch

Process:

•  A Project-Specific Special Current Account product must be opened at our Bank.
•  During the Project-Specific Special Current Account opening process, a "Special Fund Pool Participation Account Agreement" and "Special Fund Pool Participation Account Transaction Instruction" must be signed by our customers.
•  In the instruction to be signed, the maturity of the account to be opened and the information on the sector for which financing is requested will be marked.
•  At this stage, a balance must be deposited into the account to be opened. Accounts with a minimum balance of 10,000 TL are matched with a project.
•  After our customer deposits their savings into the Project-Specific Special Current Account, transactions will be carried out upon the finding of the relevant project in accordance with the instructions received from the customer. This process will be completed within a maximum of one month.
•  At the end of the maturity, the profit/loss obtained from the project will be calculated and reflected in the accounts. If a profit is generated from the project, profit payment will be made to the account holders.
•  If no profit is generated from the project, project installments are not paid, or a loss is incurred, no profit payment will be made, and the customer may experience a loss in their principal.
•  The balances in the Project-Specific Special Current Accounts remain at the disposal of our customers until project matching is performed. Once project matching is completed, no funds can be deposited into or withdrawn from the accounts, and the accounts cannot be closed under any circumstances.