Skip to content
Menu

Sağlama record · BIST: FORTE

Forte Bilgi İletişim

Forte Bilgi İletişim (FORTE) 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 index.

Dated October 17, 2026No. SGL-2026-6A-FORTE

Based on the financial statements for the first half of 2026, the interest-bearing loans ratio is near the threshold and the other ratios are within it.

This is a measurement, not a religious ruling.

MEASUREMENT TABLE

Interest-bearing loans

near the threshold
30.2%

Upper bound

Calculation and source

Calculation: numerator ÷ denominatorTRY 2,514,793,154÷TRY 8,340,266,777 (total assets)× 100

RatioInterest-bearing loans / total assets

Upper bound. Debt items that may count as interest-bearing (line 6I of the KAFİF form) were taken in full from the public statements. Debts proven not to count (line 6J 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. Of the lease liabilities shown on the balance sheet, TRY 112,474,388 are debts that do not count under TKBB Guideline 6.2, so they were deducted from the debt numerator (source: balance sheet, page 6). The ratio is therefore an upper bound for the items shown in the financial statements. Note 9: “Ödenecek vergi ve fonlar” TRY 41,916,635: not counted (proven); “Diğer borçlar” TRY 188,796: undetermined, kept in the upper bound. Note 7: “Uzun vadeli kredilerin kısa vadeli kısmı” TRY 593,390,936: undetermined, kept in the upper bound. Notes that could not be used: Note 7 (Short-term borrowings): the note's amounts could not be matched to this item automatically. Note 7 (Long-term borrowings): the note's amounts could not be matched to this item automatically. The ratio is in the range 0.00% to 30.15%; both bounds give the same result.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Uzun vadeli kredilerin kısa vadeli kısmı · Current portion of long-term borrowings, note 7593,390,936undetermined, kept in the upper boundTKBB Guideline 6.1

KAFİF declaration 22.8% (first half 2026) · Sağlama range 0.0% to 30.2% (first half 2026) · the declaration is inside the range · View the form on KAP

Source: company financial report, first half 2026 statements · Jun 30, 2026

View the documentMethod

Interest-bearing assets

within the threshold
2.8%

Upper bound

Calculation and source

Calculation: numerator ÷ denominatorTRY 233,108,712÷TRY 8,340,266,777 (total assets)× 100

RatioInterest-bearing cash and securities / total assets

Upper bound. Asset items that may count as interest-bearing (line 5F of the KAFİF form) were taken in full from the public statements. 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 is therefore an upper bound for the items shown in the financial statements. Note 6: “Girişim sermayesi yatırım fonları (*)” TRY 138,042,216: undetermined, kept in the upper bound. Note 5: “Kasa” TRY 1,315,321: not counted (proven); “Banka / - Vadesiz mevduatlar” TRY 410,680,376: not counted (proven); “Banka / - Vadeli mevduatlar” TRY 95,066,496: counted in the ratio (proven). The ratio is in the range 1.14% to 2.79%; both bounds give the same result.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Girişim sermayesi yatırım fonları (*) · Financial investments, note 6The company's note says: “Girişim sermayesi yatırım fonları, Grup’un “5746 sayılı Araştırma, Geliştirme ve Tasarım Faaliyetlerinin Desteklenmesi İlişkin Uygulama ve Denetim Yönetmeliğinde Değişiklik Yapılmasına Dair Yönetmelik” kapsamında iktisap ettiği uzun vadeli fon alımlarından kaynaklanmaktadır.”138,042,216undetermined, kept in the upper boundTKBB Guideline 5.1
Kasa · Cash and cash equivalents, note 51,315,321not counted (proven)TKBB Guideline 5.2
Banka / - Vadesiz mevduatlar · Cash and cash equivalents, note 5410,680,376not counted (proven)TKBB Guideline 5.2
Banka / - Vadeli mevduatlar · Cash and cash equivalents, note 595,066,496counted in the ratio (proven)TKBB Guideline 5.1

KAFİF declaration 2.8% (first half 2026) · Sağlama range 1.1% to 2.8% (first half 2026) · the declaration is inside the range · View the form on KAP

Source: company financial report, first half 2026 statements · Jun 30, 2026

View the documentMethod

Excluded income

within the threshold
2.6%

Measured on the items we can calculate

Calculation and source

Calculation: numerator ÷ denominatorTRY 57,948,314÷TRY 2,233,675,184 (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.

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 27: “Ticari faaliyetlerden kur farkı geliri” TRY 21,659,440: not counted (proven); “Teşvik gelirleri” TRY 19,762,745: not counted (proven); “Konusu kalmayan karşılıklar” TRY 1,363,712: not counted (proven); “Reeskont geliri” TRY 0: undetermined, kept in the upper bound; “Adat gelirleri” TRY 0: counted in the ratio (proven); “Diğer gelirler” TRY 4,714,718: undetermined, kept in the upper bound. Note 29: “Faiz gelirleri” TRY 52,392,829: counted in the ratio (proven); “Kur farkı gelirleri” TRY 42,584,778: not counted (proven). Note 28: “Menkul kıymet satış karları” TRY 840,767: undetermined, kept in the upper bound; “Sabit kıymet satış karı” TRY 0: not counted (proven). The ratio is in the range 2.35% to 2.59%; both bounds give the same result.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Ticari faaliyetlerden kur farkı geliri · Other income from operating activities, note 2721,659,440not counted (proven)TKBB Guideline 4.2
Teşvik gelirleri · Other income from operating activities, note 2719,762,745not counted (proven)TKBB Guideline 4.2
Konusu kalmayan karşılıklar · Other income from operating activities, note 271,363,712not counted (proven)TKBB Guideline 4.2
Reeskont geliri · Other income from operating activities, note 270undetermined, kept in the upper boundTKBB Guideline 4.1
Adat gelirleri · Other income from operating activities, note 270counted in the ratio (proven)TKBB Guideline 4.1
Diğer gelirler · Other income from operating activities, note 274,714,718undetermined, kept in the upper boundTKBB Guideline 4.1
Faiz gelirleri · Finance income, note 2952,392,829counted in the ratio (proven)TKBB Guideline 4.1
Kur farkı gelirleri · Finance income, note 2942,584,778not counted (proven)TKBB Guideline 4.2
Menkul kıymet satış karları · Income from investing activities, note 28840,767undetermined, kept in the upper boundTKBB Guideline 4.1
Sabit kıymet satış karı · Income from investing activities, note 280not counted (proven)TKBB Guideline 4.2

KAFİF declaration 4.5% (first half 2026) · Sağlama measurement 2.6% (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

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
On the BIST Participation All Shares list · Index period from October 2026 to April 2027Source: Borsa Istanbul's list of constituents, Oct 1, 2026
In these sub-indices
BIST Participation 100
Latest official change

Added to the BIST Participation 100 index as of September 10, 2026, during the index period. The share was taken from the reserve list in place of a removed share. Source: KAP disclosure 1661014

The period page that lists this change

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

5 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 5.97% · assets 9.01% · loans 31.12%.
  2. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2026: near the threshold. Income 2.03% · assets 3.23% · loans 30.69%.
  3. Earlier measurementTKBB rules, August 2025, version 2 · Q1 2026: near the threshold. Income 2.03% · assets 3.23% · loans 30.69%.
  4. Earlier measurementTKBB rules, August 2025, version 2 · first half 2026: near the threshold. Income 2.59% · assets 2.79% · loans 31.50%.
  5. MeasurementTKBB rules, August 2025, version 3 · first half 2026: near the threshold. Income 2.35% to 2.59% · assets 1.14% to 2.79% · loans 0.00% to 30.15%.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

  • FORTE financial report, Jun 30, 2026 (company investor relations site)Jun 30, 2026 · Fingerprint bdab28affd68…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.

The company's KAFİF declaration

The company's declaration on the KAP form (first half 2026): excluded income 4.5%, interest-bearing assets 2.8%, interest-bearing loans 22.8%. 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?
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 SLIPFORTE · 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
2.6%
Purification amount
TRY 31.08

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 2.35%); 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.

Get an alert if it changes

Your address is kept so that we can tell you when the status of FORTE 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.

Companies in the same index

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