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Sağlama record · BIST: ARDYZ

ARD Bilişim Teknolojileri

ARD Bilişim Teknolojileri (ARDYZ) shares are on Borsa Istanbul's participation index list (BIST Participation All Shares) for the period from October 1, 2026 to April 30, 2027. Source: Borsa Istanbul's list of participation index constituents, Oct 1, 2026. The shares are also in the BIST Participation 100 and BIST Participation Dividend indices.

Dated October 17, 2026No. SGL-2026-3A-ARDYZ

The reading of all three ratios in the financial statements for Q1 2026 is not complete; the ratios rest on the items read. The statements will be read again, and the record's result will be given after that.

This is a measurement, not a religious ruling.

MEASUREMENT TABLE

Interest-bearing loans

statements to be read again
19.2%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 1,664,794,071÷TRY 8,686,719,551 (total assets)× 100

RatioInterest-bearing loans / total assets

TRY 4,518,882 that is proven not to count was deducted from the debt numerator (source: Note 9). As a precaution, financial liabilities other than leases shown on separate lines outside the main debt total were added once, after they were confirmed against their section total. This is an assumption: it is not proven that these items carry interest. The ratio rests on the items read from the financial statements; the statements will be read again. Note 9: “Ortaklara borçlar” TRY 2,540,751: undetermined, kept in the numerator; “Diğer çeşitli borçlar” TRY 206,219,613: undetermined, kept in the numerator; “Diğer çeşitli borçlar [İlişkili taraf]” TRY 255,118: undetermined, kept in the numerator; “Ödenecek vergi ve fonlar” TRY 4,518,882: not counted (proven); “Vadesi geçmiş ertelenmiş taksitlendirilmiş vergi ve diğer yükümlülükler” TRY 10,329,268: undetermined, kept in the numerator; “Ödenecek diğer yükümlülükler” TRY 177,340: undetermined, kept in the numerator; “Kamuya olan ertelenmiş taksitlendirilmiş borçlar” TRY 80,443: undetermined, kept in the numerator. Notes that could not be used: Note 6 (Short-term borrowings): the note's amounts could not be matched to this item automatically. Note 6 (Current portion of long-term borrowings): the note's amounts could not be matched to this item automatically. Note 6 (Long-term borrowings): the note's amounts could not be matched to this item automatically. On the items read, the measured range is 0.00% to 19.16%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Ortaklara borçlar · Other payables, note 92,540,751undetermined, kept in the numeratorTKBB Guideline 6.1
Diğer çeşitli borçlar · Other payables, note 9206,219,613undetermined, kept in the numeratorTKBB Guideline 4.1
Diğer çeşitli borçlar [İlişkili taraf] · Other payables, note 9255,118undetermined, kept in the numeratorTKBB Guideline 6.1
Ödenecek vergi ve fonlar · Other payables, note 94,518,882not counted (proven)TKBB Guideline 6.2
Vadesi geçmiş ertelenmiş taksitlendirilmiş vergi ve diğer yükümlülükler · Other payables, note 910,329,268undetermined, kept in the numeratorTKBB Guideline 4.1
Ödenecek diğer yükümlülükler · Other payables, note 9177,340undetermined, kept in the numeratorTKBB Guideline 4.1
Kamuya olan ertelenmiş taksitlendirilmiş borçlar · Other payables, note 980,443undetermined, kept in the numerator

KAFİF declaration 17.2% (first half 2026) · Sağlama measurement on the items read 0.0% to 19.2% (Q1 2026) · the statements will be read again · View the form on KAP

Source: company financial report, Q1 2026 statements · Mar 31, 2026

Interest-bearing assets

statements to be read again
0.7%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 62,152,340÷TRY 8,686,719,551 (total assets)× 100

RatioInterest-bearing cash and securities / total assets

Assets proven not to count (line 5G of the KAFİF form) were deducted as far as the notes prove them; items that could not be separated stayed in the numerator, as a precaution. The ratio rests on the items read from the financial statements; the statements will be read again. Note 4: “Diğer menkul kıymetler” TRY 133,571: undetermined, kept in the numerator. Note 3: “Kasa” TRY 137,883: not counted (proven); “Banka - vadesiz mevduatlar” TRY 89,899,972: not counted (proven); “Banka - vadeli mevduatlar” TRY 0: counted in the ratio (proven); “Diğer hazır değerler” TRY 461,173: undetermined, kept in the numerator. On the items read, the measured range is 0.00% to 0.72%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Diğer menkul kıymetler · Financial investments, note 4133,571undetermined, kept in the numeratorTKBB Guideline 4.1
Kasa · Cash and cash equivalents, note 3137,883not counted (proven)TKBB Guideline 5.2
Banka - vadesiz mevduatlar · Cash and cash equivalents, note 389,899,972not counted (proven)TKBB Guideline 5.2
Banka - vadeli mevduatlar · Cash and cash equivalents, note 30counted in the ratio (proven)TKBB Guideline 5.1
Diğer hazır değerler · Cash and cash equivalents, note 3461,173undetermined, kept in the numeratorTKBB Guideline 4.1

KAFİF declaration 3.0% (first half 2026) · Sağlama measurement on the items read 0.0% to 0.7% (Q1 2026) · the statements will be read again · View the form on KAP

Source: company financial report, Q1 2026 statements · Mar 31, 2026

Excluded income

statements to be read again
5.4%

On the items read: 0.3% to 5.4%

Calculation and source

Calculation: numerator ÷ denominatorTRY 125,150,062÷TRY 2,323,910,134 (total income)× 100

RatioExcluded income / total income

On the KAP form this item is titled “Katılım Finans İlkelerine Uygun Olmayan Gelir”, which means income not in line with participation finance principles.

This range rests on the items read from the financial statements, and the statements will be read again.

Income that the notes prove does not count (line 4D of the KAFİF form) was deducted. Items that could not be separated stayed in the numerator, as a precaution. The ratio rests on the items read from the financial statements; the statements will be read again. Excluded income from business activities (line 4B of the KAFİF form) does not appear in the financial statements; it is only in the company's KAFİF declaration on KAP. This measurement sets it to 0. If there is a declaration, the record shows it separately, with a link. Note 28: “Faiz gelirleri” TRY 7,334,315: counted in the ratio (proven); “Konusu kalmayan karşılıklar” TRY 386,192: not counted (proven); “Kambiyo karı” TRY 22,534,779: not counted (proven); “Reeskont faiz gelirleri” TRY 111,605,293: undetermined, kept in the numerator; “Faaliyetle ilgili diğer gelirler” TRY 2,331,006: undetermined, kept in the numerator; “Teşvik Gelirleri” TRY 10,560,689: not counted (proven). Note 29: “Faiz gelirleri [Nakit ve nakit benzerlerine ait]” TRY 14,198: counted in the ratio (proven); “Kambiyo karı [Nakit ve nakit benzerlerine ait]” TRY 1,175,447: not counted (proven); “Menkul kıymet satış karı” TRY 0: undetermined, kept in the numerator. Note 30: “Yatırım faaliyetlerinden gelirler” TRY 3,865,250: undetermined, kept in the numerator. On the items read, the measured range is 0.32% to 5.39%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Faiz gelirleri · Other income from operating activities, note 287,334,315counted in the ratio (proven)TKBB Guideline 4.1
Konusu kalmayan karşılıklar · Other income from operating activities, note 28386,192not counted (proven)TKBB Guideline 4.2
Kambiyo karı · Other income from operating activities, note 2822,534,779not counted (proven)TKBB Guideline 4.2
Reeskont faiz gelirleri · Other income from operating activities, note 28111,605,293undetermined, kept in the numerator
Faaliyetle ilgili diğer gelirler · Other income from operating activities, note 282,331,006undetermined, kept in the numeratorTKBB Guideline 4.1
Teşvik Gelirleri · Other income from operating activities, note 2810,560,689not counted (proven)TKBB Guideline 4.2
Faiz gelirleri [Nakit ve nakit benzerlerine ait] · Finance income, note 2914,198counted in the ratio (proven)TKBB Guideline 4.1
Kambiyo karı [Nakit ve nakit benzerlerine ait] · Finance income, note 291,175,447not counted (proven)TKBB Guideline 4.2
Menkul kıymet satış karı · Finance income, note 290undetermined, kept in the numeratorTKBB Guideline 4.1
Yatırım faaliyetlerinden gelirler · Income from investing activities, note 303,865,250undetermined, kept in the numerator

KAFİF declaration 0.4% (first half 2026) · Sağlama measurement on the items read 0.3% to 5.4% (Q1 2026) · the statements will be read again · View the form on KAP

Source: company financial report, Q1 2026 statements · Mar 31, 2026

The three ratios are calculated from the financial statements, and each bar is scaled to its own threshold. The measurement uses the company's latest published statements, and every record states the period. The official review uses audited six- and twelve-month statements (Standard 3.4), so the periods can differ. Method

This record is produced by Sağlama's calculation from the financial statements the company publishes. The method and the corrections log are public. Responsible for this record: Savaş Tutumlu, founder.

Official list record

Official list
On the BIST Participation All Shares list · Index period from October 2026 to April 2027Source: Borsa Istanbul's list of constituents, Oct 1, 2026
Changes this period
These shares are not among the changes Borsa Istanbul announced for this period.Source: Borsa Istanbul announcement, Sep 29, 2026
Next period
Starts on May 1, 2027. Borsa Istanbul is expected to announce the new list by April 29, 2027 at the latest (Ground Rules 2.17). Sağlama's expectation for each member is on the Review forecast page. This is a forecast, not the official list.

Status history

4 entries

Each period's record and every correction are kept with their dates. Method

  1. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2026: at least one ratio above the threshold. Income 6.88% · assets 1.75% · loans 19.22%.
  2. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2026: depends on the company's declaration. Income 5.39% · assets 0.72% · loans 19.16%.
  3. Earlier measurementTKBB rules, August 2025, version 2 · Q1 2026: depends on the company's declaration. Income 5.39% · assets 0.72% · loans 19.16%.
  4. MeasurementTKBB rules, August 2025, version 3 · Q1 2026: statements to be read again. Income 0.32% to 5.39% · assets 0.00% to 0.72% · loans 0.00% to 19.16%. The ratios rest on the items read.THIS RECORD

Documents and sources

Source links lead to documents published by the company and by Borsa Istanbul. We do not copy KAP documents. Method

  • ARDYZ financial report, Mar 31, 2026 (company investor relations site)Mar 31, 2026 · Fingerprint 5a01c415f2ae…View the document
  • Sağlama's calculation and methodTKBB rules, August 2025, version 3Read the method

If a figure looks wrong, write to bilgi@saglama.com. We correct it and record the correction with its date in the corrections log.

What this measurement covers

This record's financial statements will be read again. The ratios rest on the items read; the record's result will be given after the new reading. Method

The company's KAFİF declaration

The company's declaration on the KAP form (first half 2026): excluded income 0.4%, interest-bearing assets 3.0%, interest-bearing loans 17.2%. The three declared ratios are within the thresholds. View the form on KAP

The company's answers to the four yes/no questions on the form:

Do the articles of association of the company, its corporate shareholders or its affiliates include an activity that does not follow participation finance principles?
No
Do the company's articles of association grant a privilege that does not follow participation finance principles?
No
Has the company made a statement or decision supporting the actions defined in Standard 1.5 and TKBB Guideline 1.D?
No
Does the company have activities or income directly contrary to participation finance principles?
No

Purification calculation

Dividend-based method · CALCULATOR (DIVIDEND-BASED METHOD)

Purification calculator

A company within the threshold can still have a small amount of excluded income (interest income and other income the standard excludes). Under the TKBB standard, the part of this income that falls to your shares is given to charitable causes. This duty applies whether the company made a profit or a loss, and whether or not it paid a dividend. The amount set aside does not replace zakat or sadaqa.

CALCULATION SLIPARDYZ · Q1 2026
Number of shares
500
Gross dividend per share
TRY 2.40
Gross dividend (500 × 2.40)
TRY 1,200.00
Excluded income ratio
5.4%
Purification amount
TRY 64.68

Purification amount = gross dividend × excluded income ratio

The number of shares and the dividend are sample inputs. The ratio comes from the company's measurement. To calculate with your own figures, use the purification page.

Purification amount = gross dividend × excluded income ratio (dividend-based method). Under TKBB Standard 3.6.1, purification is needed even if the company makes a loss or pays no dividend. The method page quotes TKBB Standard 3.6, including the inflation deduction under 3.6.2. The ratio rests on the items read; the statements will be read again, so the ratio and the amount may change. On the items read, the measured range is 0.32% to 5.39%; the purification amount is calculated with the 5.39% found from the items read.

  • Excluded income is the part of a company's earnings that is not in line with participation finance principles. On the KAP form it is called “income not in line with participation finance principles.”
  • Purification is done even if the company makes a loss.
  • Purification is needed even if no dividend is paid. The calculation here uses the dividend-based method. TKBB Standard 3.6 also counts how long you held the shares (the share-days method), which this calculator does not do yet.
  • The purification amount does not replace zakat or sadaqa. Under the TKBB standard, it is given away, not kept.
  • You give the amount yourself, to a charitable cause of your choice. Sağlama does not direct donations.

This calculation uses the dividend-based method. TKBB Standard 3.6 also counts how long you held the shares (the share-days method). The standard is quoted on the method page.

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Companies in the same index

The 12 companies just before and after this one in alphabetical order in BIST Participation 100.