Ownership-Based Lease Certificate

You can convert your savings into an interest-free investment instrument through our Ownership-Based Lease Certificate.

With this certificate, your savings are managed professionally by Emlak Katılım within "Special Fund Pool Accounts," in full compliance with participation finance principles. We ensure your savings are managed in a balanced manner across various sectors, providing more competitive profit rates under current market conditions.

What is a Ownership-Based Lease Certificate (Sukuk)?

Emlak Katılım utilizes the funds collected through the issuance of partnership-based lease certificates by investing them into Special Fund Pool Accounts, which may include Murabaha, leasing, participation accounts, and/or other investment vehicles compliant with participation finance principles. At the end of the maturity period or on periodic profit payment dates, the profit or loss reflected in the Special Fund Pool is shared with investors based on a pre-determined profit-sharing ratio. By purchasing this certificate, investors become partners in the returns generated by the Special Fund Pool based on the agreed-upon profit-sharing ratio.

How is the Special Fund Pool Managed?

Emlak Katılım manages the lease certificate issuance proceeds under a "Power of Attorney and Management Agreement" signed with Emlak Katılım Varlık Kiralama A.Ş. (Emlak VKŞ), acting as the representative of the investors. Emlak Katılım provides financing support to its customers using methods compliant with participation finance principles, based on the agreed profit-sharing ratio.

Under the provisions of this agreement, Emlak VKŞ authorizes Emlak Katılım as the "Manager/Mudarib" to perform various tasks, including but not limited to:

 Collecting receivables from financing support provided to customers on time and transferring the income to collection accounts.

 Exercising due diligence in the timely collection of financing income and conducting necessary research/follow-up on any delays.

 Investing the Sukuk issuance proceeds into Special Fund Pools using instruments compliant with participation finance principles, including participation accounts and/or investment agency-based participation accounts.

 Allocating a portion (10%) of the collected funds into short-term, liquid, and participation-compliant investment vehicles to manage potential exits and payments related to the relevant lease certificate.

Advantages

Liquidity Advantage / Right of Resale

If needed, lease certificate holders can sell their certificates back to Emlak Katılım before maturity. For issuances with periodic return payments, the resale transaction will be carried out by calculating the profit/loss realized up to that date.

Dynamic Pool Return Advantage

Unlike the bank’s general fund utilization processes, Special Fund Pools are directed toward investments based on market conditions valid at the start of the maturity period, offering more dynamic and competitive return potential compared to standard participation accounts.

Professional Fund Management

Your savings are managed professionally by Emlak Katılım, utilizing methods that strictly adhere to participation finance principles.

Use as Collateral at Our Bank

Investors can obtain financing from our bank by pledging the lease certificates they have purchased as collateral.

How to Purchase?

You can execute your Lease Certificate trading transactions through our physical branches and our Internet Branch, using the investment account you open at Emlak Katılım.