Participation Account With Interim Period Profit Share Payment

While benefiting from high profit share rates with Vakıf Katılım, you also determine when you will receive your profit.

What is Participation Account with Interim Period Profit Share Payment?

Participation Accounts with Interim Period Profit Share Payment are participation accounts that are opened with 372-day maturity where profit share payments are made in 1-month, 3-month, 6-month periods or at the end of maturity at the Customer’s option.

(*) According to the Council of Ministers’ Decision No: 2012/4133, account holders are entitled to partial withdrawal up to 50% of the principal amount in total, for maximum two times from accounts with a maturity of 1 year and longer and from accounts with periodic payments (1 month, 3 months, 6 months and 1-year). The profit share cannot be added on principal amount, but transferred to another private current account. In the event of any transaction contrary to these rules or in case of early closing of the account before its maturity, 50% of the profit share distributed as of the commencement of the maturity date is deducted.

Features

Currency Type

It can be opened in Turkish Lira, USD or Euro.

Cash Withdrawal

You can withdraw cash for maximum two times within maturity period but the amount you withdraw cannot exceed the half of the principal amount in your account *

Profit Sharing

Since it is a long-term account, it has high profit sharing rates and low withholding rate.

Other Account Types

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