Turkiye Finans Review - Halal Finance Products

The mainline profit-share deposit at Turkiye Finans, the Saudi National Bank-controlled participation bank formed in 2005 from the merger of Anadolu Finans and Family Finans. Opens in TL, USD, EUR or gold, in standard tenors of 1, 3, 6 and 12 months or broken tenors from 32 days, plus a flexible variant running 32 to 450 days. Funds are deployed into trade, industry and services financing and the realized profit is shared at the ratio set at opening; the return becomes known at maturity, and partial withdrawals are allowed without breaking the term, with profit paid on the remaining balance.

The digital-only participation account opened through Turkiye Finans internet and mobile banking, paying advantaged profit-share rates relative to the branch product. Opens 24/7, allows withdrawals without breaking the maturity, and runs on the same profit and loss sharing pool mechanics as the standard Katilma Hesabi: funds finance trade, industry and services, and realized profit is shared at the opening ratio, with the return known at maturity.

Vehicle financing for new (0 km) and second-hand cars with installments up to 48 months, priced off invoice value for new cars and kasko value for used. The page prints the regulatory tenor bands: up to 48 months for vehicles up to TRY 400,000, 36 months to 800,000, 24 months to 1.2 million and 12 months to 2 million. The product family extends to motorcycle financing, installment commercial vehicle financing and commercial license-plate financing, plus the Finansor card-based vehicle finance product.

A gram-gold participation account opening from 50 grams, with units defined as 1 YAU = 1 gram of 995/1000 fine gold. Standard tenors of 1, 3, 6 and 12 months are listed on the product page, with the bank's calculator page noting gold participation accounts open at a minimum of 92 days; broken tenors start from 32 days. Profit is paid in grams at maturity. If the balance falls below the opening minimum the account closes automatically and the balance transfers to a current account.

Home purchase financing in which Turkiye Finans buys the property and sells it to the customer over the chosen term, with maximum tenor of 120 months. The page prints an unusually complete fee schedule: TRY 500 arrangement fee (plus a per-mille arrangement charge on the financing amount), TRY 3,000 mortgage lien registration fee, and appraisal from around TRY 16,500 (location dependent, with a temporary block of 1.5 times the estimate placed at application). Advertised pricing assumes bundled credit life, personal accident and home insurance; unbundled financing prices higher.