Lease Certificate (Sukuk)

According to the Communiqué on Sukuk (III-61.1) published in the Official Gazette No. 28670 dated June 7, 2013, Sukuk are defined as "securities issued by an asset leasing company to finance all kinds of assets and rights, complying with interest-free financing principles, and providing holders with rights to the income derived from such assets or rights in proportion to their shares."

Sukuk are a capital market product in accordance with Islamic Finance Principles, issued by an Asset Leasing Company (ALC) and providing holders with rights to the fixed or variable income derived from such assets or rights in proportion to their shares.

• Sukuk certificates, issued with coupon payments, provide regular returns to investors. They offer a fixed/variable return and an interest-free investment experience over the medium to long term.
• Sukuk certificates are issued in accordance with interest-free financing principles, making them an important alternative investment product for investors with interest-sensitive interests.
• Sukuk certificates are listed on the Borsa Istanbul (Borsa Istanbul), providing liquidity opportunities through secondary market transactions. Investors can convert their Sukuk certificates into cash, either in full or in part, before maturity, depending on their needs.
• Sukuk certificates are issued under the regulations of the Capital Markets Board and are also monitored by the Central Registry Agency (MKK).
• Sukuk certificates can be used as collateral for transactions at our bank.
• The withholding tax rate applied to Sukuk certificates is lower than the withholding tax rate applied to deposit/participation accounts, thus providing a tax advantage.