Dofer Yapı Malzemeleri (DOFER) 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.
Dated October 17, 2026No. SGL-2026-6A-DOFER
The reading of the interest-bearing assets ratio in the financial statements for the first half of 2026 is not complete; the ratio rests on the items read. The statements will be read again, and the record's result will be given after that.
Upper bound. 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 in the company's KAFİF declaration for the same period (16.81%) is above this measurement. Note 8: “Diğer borçlar” TRY 0: undetermined, kept in the upper bound. Note 7: “TL” TRY 562,000,000: counted in the ratio (proven). Notes that could not be used: Note 7 (Current portion of long-term borrowings): the note's amounts could not be matched to this item automatically. The ratio is in the range 15.86% to 15.92%; both bounds give the same result.
Breakdown from the notes
Item, as written in the company's report
Amount (TRY)
Class
Basis
Diğer borçlar · Other payables, note 8
0
undetermined, kept in the upper bound
TKBB Guideline 4.1
TL · Short-term borrowings, note 7
562,000,000
counted in the ratio (proven)
TKBB Guideline 6.1
KAFİF declaration 16.8% (first half 2026) · Sağlama measurement 15.9% (first half 2026) · the declaration is above this measurement · View the form on KAP
Source: company financial report, first half 2026 statements · Jun 30, 2026
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 3: “Kasa” TRY 74,974: not counted (proven); “- Vadeli mevduatlar / TL” TRY 64,341,678: counted in the ratio (proven); “- Vadesiz mevduatlar / TL” TRY 3,652,287: not counted (proven); “- Vadesiz mevduatlar / ABD Doları” TRY 344,313: not counted (proven); “Diğer (*)” TRY 3,711: undetermined, kept in the numerator. On the items read, the measured ratio is 1.82%.
- Vadesiz mevduatlar / ABD Doları · Cash and cash equivalents, note 3
344,313
not counted (proven)
TKBB Guideline 5.2
Diğer (*) · Cash and cash equivalents, note 3The company's note says: “Diğer bakiyesi pos hesaplarından oluşmaktadır.”
3,711
undetermined, kept in the numerator
TKBB Guideline 4.1
KAFİF declaration 9.0% (first half 2026) · Sağlama measurement on the items read 1.8% to 1.8% (first half 2026) · the statements will be read again · View the form on KAP
Source: company financial report, first half 2026 statements · Jun 30, 2026
On the KAP form this item is titled “Katılım Finans İlkelerine Uygun Olmayan Gelir”, which means income not in line with participation finance principles.
Measured on the items we can calculate. Income items that may count as excluded (line 4C of the KAFİF form) were taken in full from the public statements. 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. For these income lines (line 4C), the ratio is an upper bound. 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 19: “Banka kredileri dışında varlık ve yükümlülüklerden kaynaklanan kur farkı gelirleri” TRY 37,193,287: not counted (proven); “Konusu kalmayan şüpheli alacaklar (Not 6)” TRY 0: not counted (proven); “Hurda satış gelirleri” TRY 401,138: not counted (proven); “Diğer gelirler” TRY 4,311,245: undetermined, kept in the upper bound. Note 21: “Vadeli mevduat faiz gelirleri” TRY 32,549,102: counted in the ratio (proven); “Banka kredilerinden kaynaklanan kur farkı gelirleri” TRY 3,747,766: not counted (proven); “Menkul kıymet satış karları” TRY 0: undetermined, kept in the upper bound; “Reeskont faiz gelirleri” TRY 0: undetermined, kept in the upper bound. Note 20: “Menkul kıymet satış karları” TRY 14,080,214: undetermined, kept in the upper bound; “Bağlı ortaklıklarıdan temettü gelirleri” TRY 41,918: undetermined, kept in the upper bound. The ratio is in the range 0.72% to 1.14%; both bounds give the same result.
Breakdown from the notes
Item, as written in the company's report
Amount (TRY)
Class
Basis
Banka kredileri dışında varlık ve yükümlülüklerden kaynaklanan kur farkı gelirleri · Other income from operating activities, note 19
37,193,287
not counted (proven)
TKBB Guideline 4.2
Konusu kalmayan şüpheli alacaklar (Not 6) · Other income from operating activities, note 19
0
not counted (proven)
TKBB Guideline 4.2
Hurda satış gelirleri · Other income from operating activities, note 19
401,138
not counted (proven)
TKBB Guideline 4.2
Diğer gelirler · Other income from operating activities, note 19
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.
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
5 entries
Each period's record and every correction are kept with their dates. Method
Earlier measurementTKBB rules, August 2025, version 1 · first nine months 2025: all three ratios within the threshold. Income 3.61% · assets 3.67% · loans 13.09%.
Earlier measurementTKBB rules, August 2025, version 1 · first nine months 2025: all three ratios within the threshold. Income 2.73% · assets 3.49% · loans 13.09%.
Earlier measurementTKBB rules, August 2025, version 2 · first nine months 2025: all three ratios within the threshold. Income 2.73% · assets 3.49% · loans 13.09%.
Earlier measurementTKBB rules, August 2025, version 2 · first half 2026: all three ratios within the threshold. Income 1.14% · assets 1.82% · loans 15.92%.
MeasurementTKBB rules, August 2025, version 3 · first half 2026: statements to be read again. Income 0.72% to 1.14% · assets 1.82% · loans 15.86% to 15.92%. 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
DOFER financial report, Jun 30, 2026 (company investor relations site)Jun 30, 2026 · Fingerprint 8a1e38b68e85…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 1.0%, interest-bearing assets 9.0%, interest-bearing loans 16.8%. 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?
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 SLIPDOFER · first half 2026
Number of shares
500
Gross dividend per share
TRY 2.40
Gross dividend (500 × 2.40)
TRY 1,200.00
Excluded income ratio
1.1%
Purification amount
TRY 13.68
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. This is a cautious calculation. The amount may be higher than the true figure, because it uses all of the interest income, not only the part above inflation. The ratio is the upper bound of the measurement (the lower bound is 0.72%); the purification amount is calculated on the upper bound, as a precaution.
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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