Participation Accounts

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;

*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.