Skip to content
Menu

Sağlama record · BIST: CANTE

Çan2 Termik

Çan2 Termik (CANTE) shares were removed from Borsa Istanbul's participation index list (BIST Participation All Shares) as of October 1, 2026 (Borsa Istanbul announcement, Sep 29, 2026). Borsa Istanbul does not state the reason for a removal in its announcement. In the company's KAFİF declaration for the first half of 2026, the excluded income ratio is 10.46%, against a threshold of 5%.

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

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
1.8%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 632,938,812÷TRY 34,388,421,464 (total assets)× 100

RatioInterest-bearing loans / total assets

The deductions the company declares on line 6J of its KAFİF form are not used in the measurement; they could not be confirmed from the financial statements and notes, so the deduction was set to 0. The ratio rests on the items read from the financial statements; the statements will be read again. (Loans from participation banks and lease certificates (sukuk) are deducted only when a note shows them separately; nothing was deducted in this measurement.) Notes that could not be used: Note 34 (Short-term borrowings): the note's amounts could not be matched to this item automatically. Note 34 (Current portion of long-term borrowings): the note's amounts could not be matched to this item automatically. Note 34 (Long-term borrowings): the note shows only a total line, with no breakdown. There is no usable evidence from the notes, so the proven amount was set to 0. On the items read, the measured range is 0.00% to 1.84%.

KAFİF declaration 1.0% (first half 2026) · Sağlama measurement on the items read 0.0% to 1.8% (Q1 2026) · the statements will be read again · View the form on KAP

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

View the documentMethod

Interest-bearing assets

statements to be read again
6.2%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 2,140,382,814÷TRY 34,388,421,464 (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 42: “Kasa” TRY 5,106: not counted (proven); “Banka / -Vadesiz mevduat” TRY 13,285,549: not counted (proven); “Banka / -Vadeli mevduat” TRY 2,138,482,163: counted in the ratio (proven); “Diğer hazır değerler” TRY 1,900,651: undetermined, kept in the numerator. On the items read, the measured ratio is 6.22%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Kasa · Cash and cash equivalents, note 425,106not counted (proven)TKBB Guideline 5.2
Banka / -Vadesiz mevduat · Cash and cash equivalents, note 4213,285,549not counted (proven)TKBB Guideline 5.2
Banka / -Vadeli mevduat · Cash and cash equivalents, note 422,138,482,163counted in the ratio (proven)TKBB Guideline 5.1
Diğer hazır değerler · Cash and cash equivalents, note 421,900,651undetermined, kept in the numeratorTKBB Guideline 4.1

KAFİF declaration 0.8% (first half 2026) · Sağlama measurement on the items read 6.2% to 6.2% (Q1 2026) · the statements will be read again · View the form on KAP

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

View the documentMethod

Excluded income

statements to be read again
8.0%

On the items read: 3.5% to 8.0%

Calculation and source

Calculation: numerator ÷ denominatorTRY 181,263,502÷TRY 2,278,974,704 (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: “Kambiyo karları” TRY 236,672,980: not counted (proven); “Faiz gelirleri” TRY 79,259,720: counted in the ratio (proven); “Menkul Kıymet Satış Karı” TRY 78,546,082: undetermined, kept in the numerator; “Reeskont faiz geliri” TRY 3,088,874: undetermined, kept in the numerator. Notes that could not be used: Note 25 (Other income from operating activities): the note's amounts could not be matched to this item automatically. Note 26 (Income from investing activities): an amount in the note could not be read. On the items read, the measured range is 3.48% to 7.95%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Kambiyo karları · Finance income, note 28236,672,980not counted (proven)TKBB Guideline 4.2
Faiz gelirleri · Finance income, note 2879,259,720counted in the ratio (proven)TKBB Guideline 4.1
Menkul Kıymet Satış Karı · Finance income, note 2878,546,082undetermined, kept in the numeratorTKBB Guideline 4.1
Reeskont faiz geliri · Finance income, note 283,088,874undetermined, kept in the numerator

KAFİF declaration 10.5% (first half 2026) · Sağlama measurement on the items read 3.5% to 8.0% (Q1 2026) · the statements will be read again · View the form on KAP

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

View the documentMethod

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
Not on the BIST Participation All Shares list · Index period from October 2026 to April 2027Source: Borsa Istanbul's list of constituents, Oct 1, 2026
Latest official change

Removed from the BIST Participation All Shares, BIST Participation 30, BIST Participation 50 and BIST Participation 100 indices as of October 1, 2026, for the period from October 2026 to April 2027. Source: Borsa Istanbul announcement, Sep 29, 2026 · KAP disclosure 1669816

All changes for the period from October 2026 to April 2027

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).

Status history

6 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 18.34% · assets 6.26% · loans 1.82%.
  2. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2026: at least one ratio above the threshold. Income 18.34% · assets 6.26% · loans 1.84%.
  3. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2026: depends on the company's declaration. Income 7.95% · assets 6.22% · loans 1.84%.
  4. Earlier measurementTKBB rules, August 2025, version 2 · Q1 2026: depends on the company's declaration. Income 7.95% · assets 6.22% · loans 1.84%.
  5. Removed from the indexRemoved from the BIST Participation All Shares, BIST Participation 30, BIST Participation 50 and BIST Participation 100 indices for the period from October 2026 to April 2027. Announced in KAP disclosure 1669816 on September 29, 2026.
  6. MeasurementTKBB rules, August 2025, version 3 · Q1 2026: statements to be read again. Income 3.48% to 7.95% · assets 6.22% · loans 0.00% to 1.84%. 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

  • CANTE financial report, Mar 31, 2026 (company investor relations site)Mar 31, 2026 · Fingerprint b80acefaf553… · fingerprint of the downloaded file 5fbcc6c126d5…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 10.5%, interest-bearing assets 0.8%, interest-bearing loans 1.0%. 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 SLIPCANTE · 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
8.0%
Purification amount
TRY 95.40

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 3.48% to 7.95%; the purification amount is calculated with the 7.95% 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.

Get an alert if it changes

Your address is kept so that we can tell you when the status of CANTE changes. Alerts start when the sending service goes live. At most one or two e-mails a month. You can unsubscribe with one click.

Your address is used only for these alerts.

Other companies not on the list

The 12 companies just before and after this one in alphabetical order among the companies not on the BIST Participation All Shares list. All companies: Company list.