It is the type of account in which your savings are used in the financing of industry, trade and service sectors within the framework of the sense of interest-free banking, in line with the principles of participation banking, and the income is shared between Ziraat Katılım and the account holder within the framework of profit-loss sharing.
Why Should I Open a Participation Account?
Let your savings in TL, USD, EUR and XAU participation accounts both be secured by Ziraat Katılım and benefit from the profits obtained by using interest-free funding methods.
- You can open your participation account with a starting limit of at least 250 TL, USD and EUR.
- You can open your participation account in TL, USD, EUR and XAU
- You can open your participation accounts with a term of 1 month, 3 months, 6 months, 1 year or more than 1 year.
- If you wish, you can open a participation account with flexible maturity option, that allows you to determine the duration yourself, for up to 1094 days.
- You can also open an account with a term of 1 year and longer in which profit share is paid periodically.
- You can also open your account as a flexible term participation account with the desired number of days of maturity provided that it is 32 days at the least and 1095 days at the most.
- You can use your participation account together with your principal and profit share on due date.
- Profit and loss participation rates that are valid at the moment the participation account is opened are recorded in the account books. These records remain valid until the date of maturity after the account is opened.
- Income tax is deducted from the gross earnings of your profit due to the legal obligation.
How can I Open a Participation Account?
All you have to do is to open an account or to create a participation account by logging into our internet branch.
Profit Sharing Rate
High profit sharing rate and lower tax advantage are provided.
Payment by Choice
It can be opened with a term of 372 days and the profit share payment can be made at 1 month, 3-month, 6-month or 1-year intervals depending on preference.
Make Good Use
The account that enables putting your savings to good use for a long-term offers the advantage of higher profit sharing rate.
Channels Through Which A Participation Account Can Be Opened
Currencies In Which An Account Can Be Opened
TRY
EURO
DOLLARS
GOLD
Sharing and Withholding Rates
| Opening Balance TL | 1 Month | 3 Month | 6 Month | 1 Year | More than 1 Year |
|---|---|---|---|---|---|
| 250-24.999 | 90/10 | 90/10 | 90/10 | 90/10 | 90/10 |
| 25.000-99.999 | 90/10 | 90/10 | 90/10 | 90/10 | 90/10 |
| 100.000-499.999 | 90/10 | 90/10 | 90/10 | 90/10 | 90/10 |
| 500.000-999.999 | 90/10 | 90/10 | 90/10 | 90/10 | 90/10 |
| 1.000.000-4.999.999 | 90/10 | 90/10 | 90/10 | 90/10 | 90/10 |
| 5.000.000+ | 90/10 | 90/10 | 90/10 | 90/10 | 90/10 |
| Withholding Rate | 10% | 10% | 10% | 7.5% | 5% |
| Opening Balance USD | 1 Month | 3 Month | 6 Month | 1 Year | More than 1 Year |
|---|---|---|---|---|---|
| 250-24.999 | 30/70 | 30/70 | 30/70 | 30/70 | 30/70 |
| 25.000-99.999 | 30/70 | 30/70 | 30/70 | 30/70 | 30/70 |
| 100.000-499.999 | 30/70 | 30/70 | 30/70 | 30/70 | 30/70 |
| 500.000-999.999 | 30/70 | 30/70 | 30/70 | 30/70 | 30/70 |
| 1.000.000-4.999.999 | 30/70 | 30/70 | 30/70 | 30/70 | 30/70 |
| 5.000.000 + | 30/70 | 30/70 | 30/70 | 30/70 | 30/70 |
| Withholding Rate | 25% | 25% | 25% | 25% | 25% |
| Opening Balance EURO | 1 Month | 3 Month | 6 Month | 1 Year | More than 1 Year |
|---|---|---|---|---|---|
| 250-24.999 | 30/70 | 30/70 | 30/70 | 30/70 | 30/70 |
| 25.000-99.999 | 30/70 | 30/70 | 30/70 | 30/70 | 30/70 |
| 100.000-499.999 | 30/70 | 30/70 | 30/70 | 30/70 | 30/70 |
| 500.000-999.999 | 30/70 | 30/70 | 30/70 | 30/70 | 30/70 |
| 1.000.000-4.999.999 | 30/70 | 30/70 | 30/70 | 30/70 | 30/70 |
| 5.000.000+ | 30/70 | 30/70 | 30/70 | 30/70 | 30/70 |
| Withholding Rate | 25% | 25% | 25% | 25% | 25% |
| Opening Balance (Gold) | 3 Month | 6 Month | 1 Year | More Than 1 Year |
|---|---|---|---|---|
| 50 GRAM | 10/90 | 10/90 | 10/90 | 10/90 |
| 50 + GRAM | 10/90 | 10/90 | 10/90 | 10/90 |
| Withholding Rate | 15% | 15% | 15% | 15% |
Participation Fund Insurance
The portion of unit account values of participation accounts as well as the special current accounts, (official organisations, credit agencies and financial institutions are excluded), in Turkish Lira, foreign exchange and precious metals, in the domestic branches of a deposit bank operating in Turkey, up to 650 thousand Turkish Liras for each person are under the guarantee of Insurance;
however, even if it remains within the limit of 650 thousand TL above,
the portion of the profit shares accrued to participation accounts as of the date on which the operating license of the participation bank whose account holders are to be paid by the fund is revoked, exceeding the amounts to be calculated over the average of the profit shares applied by the three participation banks with the highest sum of participation fund is not included in the scope of insurance.
The following deposits are not subject to insurance:
* Participation funds and other accounts belonging to the bank's controlling shareholders or qualified shareholders, real person’s parents, spouses and children under their custody.
* Participation funds and other accounts belonging to the Bank's Chairman and members of the Board of Directors, General Manager and his/her assistants, as well as the legal entities and partnerships they control alone or together, and their parents, spouses and children under their custody.
* Participation funds and other accounts included in the scope of the property values arising from crime under Article 282 of the Turkish Criminal Law No. 5237 on 26th of Sept , 2004.
*Participation funds at financial institutions established in Turkey exclusively for off-shore banking activities.
*Payments within insurance coverage are made in Turkish Lira.
* While determining the amount to be paid within insurance coverage, participation account unit account values are taken into account based on special current account balances.
* Turkish Lira equivalents of foreign exchange accounts are determined on the basis of the buying rate of exchange of Central Bank on the date when bank's operating license was revoked.
* On the other hand, Turkish Lira equivalents of accounts in precious metal are determined on the basis of Istanbul Gold Exchange session closing price and the buying rate of exchange of Central Bank on the date when bank's operating license was revoked.
