Explainer
15 articles tagged “Explainer”
Turkey's 2020 Participation Insurance Regulation, Explained (2026)
The 19 December 2020 regulation created everything you can buy today: standalone participation insurers, three-scholar committees, interest-free investment mandates. What it requires, what it deliberately leaves open, and why that matters at quote time.
Supervised Participation vs the Tekaful Pool: Turkey's Two Insurance Models (2026)
HDI Katilim openly says it does not run a tekaful pool. Neova says its participants' money sits in a segregated risk fund. Both are licensed participation insurers. Here is what the difference actually means for your money and your fiqh.
Trafik Sigortasi the Participation Way: MTPL in Turkey (2026)
Mandatory motor liability is state-designed down to the price corridor, so what exactly are you choosing when you buy it from a participation insurer? The honest answer: where your premium sleeps at night.
DASK vs Konut Sigortasi: What Each Actually Covers (2026)
Turkish homeowners routinely believe DASK covers their home. It covers the building shell against earthquake, up to a state ceiling, and nothing else. What DASK does, what konut policies add, and how the participation stack fits together.
Participation Health Insurance in Turkey (2026): TSS and Group Cover, Explained
The best value in Turkish health insurance is complementary cover (TSS) that unlocks private hospitals for SGK-insured patients. Who writes it on participation principles, how the group products work, and the gaps in the shelf.
The Wasiyya Third Under Turkish Law (2026): Your Real Islamic Bequest Room
Islam caps bequests at one third and bars them to existing heirs. Turkish law caps wills at the disposable portion. The happy accident of Turkish Muslim estate planning: the two limits nest almost perfectly. How to use the third well.
Nisab in Turkey (2026): The Gold and Silver Thresholds, Explained
Zakat has an entry threshold, and Turkey's official answer prices it at 80.18 grams of gold. Why the threshold exists, why silver gives a lower line, the buy-price detail, and what to do when you hover near it.
The 33/33/5 Standard: How Turkey Decides Which Stocks Are Halal
One national standard, set by the TKBB Advisory Board, governs every katilim fund, index and brokerage screen in Turkey. Here is exactly how the 33/33/5 thresholds work and where they come from.
The BES State Match Cut to 20%: What Actually Changed in 2026
Turkey cut the BES state contribution from 30% to 20% this year. Here is the arithmetic, the cap, how katilim plans handle the match, and why fees just became the most important line in your contract.
OKS Auto-Enrolment Explained: The 60 Days That Decide Your Workplace Pension
Turkey's workplace pension enrols you automatically and gives you 60 days to decide. Here is how OKS works in 2026: the halved 500 TL bonus, the 1.09% fee cap, and how to keep it interest-free.
BIST Katilim Indices Explained: KATLM, KAT30 and KAT50
Borsa Istanbul's Katilim indices are the investable rails of Turkish halal equity. What each index holds, how the screening flows through, and why katilim index behavior differs structurally from the BIST 100.
Kira Sertifikasi Explained: How Turkey's Sovereign Sukuk Actually Work
The lease certificate is the quiet foundation of every katilim portfolio in Turkey. How the state's sukuk program works, the four variants, and the twin-product trap that catches unwary savers.
Katilim Fund Fees: Why You Cannot Find Them and How to Dig Them Out
Only three katilim fund fee figures are printed on product pages in the whole Turkish market. Everyone else says see the prospectus. Here is why, what the caps are, and the ten-minute KAP workflow.
The Treasury's Gold Lease Certificate: State Rent on Your Gold, Explained
Turkey's Treasury will take your jewelry, assay it without a discount, and hand back rent-paying state paper redeemed at gold value. How the gold kira sertifikasi works and the 2026 catch.
Darphane Gold Certificate (ALTIN.S1): The State Mint's Gold, One Kurus at a Time
ALTIN.S1 gives you Mint-held gold in 0.01 gram units through any brokerage account, at zero management fee, with an explicit TKBB ruling. The complete guide, including the honest T+2 caveat.