Participation Accounts

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Participation Account is the type of account that is opened with minimum monthly and allows for the distribution of yield within the scope of the profit-loss partnership between the account holder and the bank. In Participation Accounts, funds collected are used in financing trade, industry and service sectors in line with the principles of interest-free banking.

Participation Accounts function on the basis of Profit-Loss Partnership. At maturity, depending on the type of account, profit shares are transferred to accounts and renewed with the same maturity option.

Thanks to flexible maturity options and a wide range of products in Kuveyt Turk Participation Accounts, your savings do not come to a standstill but operates. Thus, economy wins and you win.

Please click to see the profit share calculation table.

Features

A participation account can be opened in TL, USD and EURO with a term of 30 to 365 days.
Profit share is either added to your participation account and you gain profit from profit or transferred to your current account and you fulfill your needs.
It is possible to withdraw money from participation account before maturity within the limits that are determined depending on the type of account.
At maturity, a switch may occur between account types. Your Classical Account may switch to a Silver Account at maturity in parallel with the increase in balance.
Types of account are determined according to the total of all participation accounts at our bank.

Types of Account
TL PARTICIPATION ACCOUNTS PROFIT SHARING RATES
TYPE OF ACCOUNT OPENNING BALANCE-MINIMUM BALANCE 1 MONTH 3 MONTH 6 MONTH 1 YEAR MORE THAN A YEAR
30-31 DAY 32-91 DAY 92-180 DAY 181-364 DAY 366-999 DAY
CLASSICAL 250-250 75-25 76-24 78-22 80-20 82-18
SILVER 50.000-35.000 80-20 81-19 83-17 84-16 86-14
GOLDEN 250.000-175.000 82-18 83-17 85-15 87-13 90-10
PLATINUM 750.000-600.000 85-15 86-14 88-12 90-10 92-8
PLATINUM+ 1.500.000-1.250.000 90-10 90-10 91-9 92-8 93-7
USD-EURO PARTICIPATION ACCOUNTS PROFIT SHARING RATES
TYPE OF ACCOUNT OPENNING BALANCE-MINIMUM BALANCE 1 MONTH 3 MONTH 6 MONTH 1 YEAR MORE THAN A YEAR
30-31 DAY 32-91 DAY 92-180 DAY 181-364 DAY 366-999 DAY
CLASSICAL 250-250 65-35 66-34 68-32 72-28 75-25
SILVER 50.000-35.000 70-30 71-29 73-27 77-23 80-20
GOLDEN 250.000-175.000 72-28 73-27 75-25 80-20 85-15
PLATINUM 750.000-600.000 75-25 76-24 78-22 82-18 87-13
PLATINUM+ 1.500.000-1.250.000 80-20 81-19 83-17 85-15 90-10
GOLD TO GOLD PARTICIPATION ACCOUNTS PROFIT SHARING RATES
TYPE OF ACCOUNT OPENNING BALANCE-MINIMUM BALANCE 3 MONTH 6 MONTH 1 YEAR
91 DAY 180 DAY 364 DAY
GOLD TO GOLD 10 GR 85-15 85-15 85-15
Participation Accounts New Withholding Rates

The income tax ratio deducted from the gross profit share rates earned from participation accounts is differentiated based on the curreny and maturity.

The new withholding rates will be applied to the deposit accounts opened at 01.01.2013 and the deposit accounts which have upcoming maturity date after 01.01.2013.

 

For TL and Gold Participation Accounts;

  • For deposit accounts up to 6 months (6 months included) %15
  • For deposit accounts up to 1 year (1 year included) %12
  • For deposit accounts more than 1 year %10

For Dollar and Euro Participation Accounts;

  • For deposit accounts up to 6 months (6 months included) %18
  • For deposit accounts up to 1 year (1 year included) %15
  • For deposit accounts more than 1 year %13