Stock are bills issued by incorporated partnerships as securities and represent incorporated partnership capital share.

Purchasing stock in an incorporated company means becoming a partner of the company.
The safe and accurate information flow must be ensured in stock purchase and sales.

Investing in Stock

Short/Long-Term Investment Potential: Stocks allow their holders to gain high yields in both the short and the long-term. Along with the opportunity for short-term revenues, stocks are stable and regular and have higher yield potentials than other investment instruments.

KProfit Shares (Dividends): Stocks provide their holders with the rights to shares of the company’s annual net profit. If the company’s General Assembly decides to conduct profit distribution, stock holders are paid dividends.

Capital Gains: Stocks provide their holders with the rights to shares of the company’s annual net profit. If the company’s General Assembly decides to conduct profit distribution, stock holders are paid dividends.

Tax Advantage: The withholding applied to the revenues from stock purchase and sales is 10% for security investment partnerships and the exclusive rate for other stock is 0%.

Opening a Stock Account

Kuveyt Türk Participation Bank is Bizim Menkul Değerler’s agency. You can open a Stock Account by visiting Kuveyt Türk branches.

You can instantaneously follow the stock prices on Kuveyt Türk Online Branch with IBS RealTrade Program and perform stock purchase and sales, as well as public offerings.

If you wish to carry out your transactions with telephone banking, you can call 444 1 123 or the Call Center on 444 1 263. Contact your branch for detailed information on the special services and the applied commission rates regarding stock.

Suitability of Stocks to the Principles of Participation Banking

The selection of stocks at Kuveyt Türk is made on the basis of Participation Index Rules created in line with the principles of “Participation Banking”.

Accordingly, the index includes companies which do not engage in the following;

  • Interest-based finance, trade, service and intermediacy (banking, insurance, financial rental, factoring and other interest-based activity areas).
  • Alcoholic drinks, gambling, lottery.
  • Pork and similar food.
  • Press, publication, advertisement, tourism and entertainment.
  • Tobacco products and weapons.
  • The forward gold, silver and foreign currency trade.

In addition, the companies must satisfy some financial rates to enter the index.

The companies;

  • Must have a ratio of interest-based credit to market value less than 30%.
  • Must have a ratio of interest-yielding cash and securities to market value less than 30%.
  • Must have a ratio of the revenues from the abovementioned activity areas to the total revenues lower than 5%.

Kuveyt Türk checks whether the companies comply with the Participation Index criteria of the stocks processed at Istanbul Stock Exchange (BIST) twice a year according to the 6-month and 12-month periods of the companies’ balance sheets.

Stocks that do not conform with the participation index criteria consecutively for 2 periods as a result of this analysis will only be allowed to be sold; and these stocks will not be purchased until they conform to the criteria of the Participation Index.

Stocks Market Transaction Hours
National Market, Second National Market, New Economy Market and Fund Market
Order Collection for the Morning Opening Session (*) 09:15 - 09:30
Pairing/Pricing 09:30 - 09:35
Continuous Transaction 09:35 - 12:30
Midday Single Price Session (Order Collection) (*) 12:30 - 13:25
Pairing/Pricing 13:25 - 13:30
Continuous Transaction 13:30 - 17:30
Closing Session Order Collection 17:31 - 17:35
Pairing/Pricing 17:35 - 17:38
Transactions from the Closing Price 17:38 - 17:40

Stock clearing is performed by the only authorized clearing and central storage institution in Turkey; BIST Clearing and Storage Bank Inc. (Takasbank).

  • The day for clearing is T+2, which is the second business day following the transaction.
  • The delivery is made in exchange for the payment.

Participation Index

For more information on Participation Index click here.

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