Participation Account

Katılma Hesabı

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.
  • 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.
  • You can open your participation account with a starting limit of at least 250 TL. Your savings are both secured by Ziraat Katılım and benefit from the profits obtained by using interest-free funding methods, thanks to TL participation accounts.
  • You can open your Ziraat Katılım TL participation accounts with a term of 1 month, 3 months, 6 months, 1 year or more than 1 year.

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

TRY

EURO

EURO

DOLLARS

DOLLARS

GOLD

GOLD

Access Your Accounts At Any Time
Access Your Accounts At Any Time
You are safe with Ziraat Katılım.

Sharing and Withholding Rates

Opening Balance
TL
1 Month3 Month6 Month1 YearMore than 1 Year
250-24.99980/2081/1983/1785/1585/15
25.000-99.99980/2081/1983/1785/1585/15
100.000-499.99980/2081/1983/1785/1585/15
500.000-999.99981/1982/1884/1686/1486/14
1.000.000-4.999.99983/1784/1685/1588/1288/12
5.000.000+84/1685/1586/1490/1090/10
Withholding Rate5%5%5%3%0%
Opening Balance
USD
1 Month3 Month6 Month1 YearMore than 1 Year
250-24.99960/4061/3962/3864/3664/36
25.000-99.99961/3962/3863/3765/3565/35
100.000-499.99962/3863/3764/3668/3268/32
500.000-999.99962/3863/3766/3468/3269/31
1.000.000-4.999.99966/3468/3269/3170/3071/29
5.000.000+55/4555/4555/4555/4555/45
Withholding Rate20%20%20%20%18%
Opening Balance
EURO
1 Month3 Month6 Month1 YearMore than 1 Year
250-24.99960/4061/3962/3864/3664/36
25.000-99.99961/3962/3863/3765/3565/35
100.000-499.99962/3863/3764/3668/3268/32
500.000-999.99962/3863/3766/3468/3269/31
1.000.000-4.999.99950/5050/5050/5050/5050/50
5.000.000+50/5050/5050/5050/5050/50
Withholding Rate20%20%20%20%18%
Opening Balance (Gold)3 Month6 Month1 Year
50 GRAM50/5050/5050/50
50 + GRAM50/5050/5050/50
Withholding Rate15%15%15%

Participation Fund Insurance

The portion of unit account value of participation accounts as well as the special current accounts in Turkish Liras, foreign exchange and precious metals, which are opened on behalf of real persons in the domestic branches of a deposit bank operating in Turkey and are not subject to commercial transactions except for exclusively drawing checks, up to 150 thousand Turkish Liras for each real person are under the guarantee of Savings Deposit Insurance Fund;

however, even if it remains within the limit of 150 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 and their 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, and their parents, spouses and children under their custody.
*Deposits opened in overseas branches of banks in Turkey and participation funds and other accounts included in the scope of the property value arising from crime under Article 282 of the Turkish Criminal Law No. 5237.
*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 gold 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.

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