Is FRMPL stock in the BIST participation index? Formül Plastik ve Metal

Based on the financial statements for the first half of 2026, the excluded income ratio depends on the company's declaration: the proven amount alone gives a ratio below the threshold, and the cautious upper bound is above it.

This is a measurement, not a religious ruling.

Interest-bearing loans

within the threshold

10.8%

Upper bound

Calculation and source

Calculation: numerator ÷ denominatorTRY 658,421,379÷TRY 6,120,235,232 (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. The ratio is therefore an upper bound for the items shown in the financial statements. Note 6: “İlişkili Taraflara Diğer Borçlar (Not-24)” TRY 139,707,600: undetermined, kept in the upper bound; “İlişkili Olmayan Taraflara Diğer Borçlar / Ödenecek Vergi, Harç ve Diğer Kesintiler” TRY 78,586: not counted (proven); “İlişkili Olmayan Taraflara Diğer Borçlar / Diğer Borçlar” TRY 27,404: undetermined, kept in the upper bound. Note 4: “Banka Kredileri” TRY 394,566,885: undetermined, kept in the upper bound; “Finansal Kiralama İşlemlerinden Borçlar” TRY 5,658,170: not counted (proven); “Diğer Kısa Vadeli Borçlanmalar (*)” TRY 1,502,270: undetermined, kept in the upper bound. Note 4: “Banka Kredileri” TRY 122,617,220: undetermined, kept in the upper bound. Note 4: “Banka Kredileri” TRY 0: undetermined, kept in the upper bound. The ratio is in the range 0.00% to 10.76%; both bounds give the same result.

Breakdown from the notes
Item, as written in the company's report	Amount (TRY)	Class	Basis
İlişkili Taraflara Diğer Borçlar (Not-24) · Other payables, note 6	139,707,600	undetermined, kept in the upper bound	TKBB Guideline 6.1
İlişkili Olmayan Taraflara Diğer Borçlar / Ödenecek Vergi, Harç ve Diğer Kesintiler · Other payables, note 6	78,586	not counted (proven)	TKBB Guideline 6.2
İlişkili Olmayan Taraflara Diğer Borçlar / Diğer Borçlar · Other payables, note 6	27,404	undetermined, kept in the upper bound	TKBB Guideline 4.1
Banka Kredileri · Short-term borrowings, note 4	394,566,885	undetermined, kept in the upper bound	TKBB Guideline 6.1
Finansal Kiralama İşlemlerinden Borçlar · Short-term borrowings, note 4	5,658,170	not counted (proven)	TKBB Guideline 6.2
Diğer Kısa Vadeli Borçlanmalar (*) · Short-term borrowings, note 4The company's note says: “Şirket kredi kartı borçlarından oluşmaktadır.”	1,502,270	undetermined, kept in the upper bound	TKBB Guideline 4.1
Banka Kredileri · Current portion of long-term borrowings, note 4	122,617,220	undetermined, kept in the upper bound	TKBB Guideline 6.1
Banka Kredileri · Long-term borrowings, note 4	0	undetermined, kept in the upper bound	TKBB Guideline 6.1

KAFİF declaration 8.5% (first half 2026) · Sağlama range 0.0% to 10.8% (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 document Method

Interest-bearing assets

within the threshold

8.0%

Upper bound

Calculation and source

Calculation: numerator ÷ denominatorTRY 486,855,497÷TRY 6,120,235,232 (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 3: “Kasa” TRY 63,106: not counted (proven); “Bankalar / Mevduat” TRY 308,199,942: undetermined, kept in the upper bound; “Bankalar / Vadeli TL Mevduat” TRY 178,655,555: undetermined, kept in the upper bound; “Kredi Kartı Slipleri” TRY 77,494,810: not counted (proven). The ratio is in the range 0.00% to 7.95%; both bounds give the same result.

Breakdown from the notes
Item, as written in the company's report	Amount (TRY)	Class	Basis
Kasa · Cash and cash equivalents, note 3	63,106	not counted (proven)	TKBB Guideline 5.2
Bankalar / Mevduat · Cash and cash equivalents, note 3	308,199,942	undetermined, kept in the upper bound	TKBB Guideline 5.1
Bankalar / Vadeli TL Mevduat · Cash and cash equivalents, note 3	178,655,555	undetermined, kept in the upper bound	TKBB Guideline 5.1
Kredi Kartı Slipleri · Cash and cash equivalents, note 3	77,494,810	not counted (proven)	TKBB Guideline 5.2

KAFİF declaration 2.9% (first half 2026) · Sağlama range 0.0% to 8.0% (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 document Method

Excluded income

depends on the declaration

at most5.8%

Proven lower bound 5.0% · cautious upper bound 5.8%

Calculation and source

Calculation: numerator ÷ denominatorTRY 112,297,977÷TRY 1,922,799,477 (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.

The measurement is a range. The lower bound counts only the amounts that the statements and notes prove; the upper bound also counts, as a precaution, every item that could not be proven. The threshold falls inside this range, so the outcome depends on the company's KAFİF declaration.

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 20: “Konusu Kalmayan Karşılıklar” TRY 244,684: not counted (proven); “Kambiyo Karları” TRY 37,275,671: not counted (proven); “Vade Farkı Gelirleri” TRY 2,133,215: not counted (proven); “Yansıtma Gelirleri” TRY 460,737: undetermined, kept in the upper bound; “Diğer Gelirler ve Karlar” TRY 16,548,862: undetermined, kept in the upper bound. Note 21: “Vadeli Mevduat Gelirleri” TRY 95,288,378: counted in the ratio (proven); “Sabit Kıymet Satış Karı” TRY 1,590,522: not counted (proven). The ratio is in the range 4.96% to 5.84%; the outcome depends on the company's declaration.

Breakdown from the notes
Item, as written in the company's report	Amount (TRY)	Class	Basis
Konusu Kalmayan Karşılıklar · Other income from operating activities, note 20	244,684	not counted (proven)	TKBB Guideline 4.2
Kambiyo Karları · Other income from operating activities, note 20	37,275,671	not counted (proven)	TKBB Guideline 4.2
Vade Farkı Gelirleri · Other income from operating activities, note 20	2,133,215	not counted (proven)	TKBB Guideline 4.2
Yansıtma Gelirleri · Other income from operating activities, note 20	460,737	undetermined, kept in the upper bound
Diğer Gelirler ve Karlar · Other income from operating activities, note 20	16,548,862	undetermined, kept in the upper bound	TKBB Guideline 4.1
Vadeli Mevduat Gelirleri · Income from investing activities, note 21	95,288,378	counted in the ratio (proven)	TKBB Guideline 4.1
Sabit Kıymet Satış Karı · Income from investing activities, note 21	1,590,522	not counted (proven)	TKBB Guideline 4.2

KAFİF declaration 5.0% (first half 2026) · Sağlama range 5.0% to 5.8% (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 document Method

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
Not in these sub-indices: BIST Participation 30 · BIST Participation 50 · BIST Participation 100 · BIST Participation Dividend · BIST Participation Sustainability
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

2 entries

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

Sep 2026Earlier measurementTKBB rules, August 2025, version 2 · first half 2026: depends on the company's declaration. Income 5.84% · assets 7.95% · loans 10.76%.
Oct 2026MeasurementTKBB rules, August 2025, version 3 · first half 2026: depends on the company's declaration. Income 4.96% to 5.84% · assets 0.00% to 7.95% · loans 0.00% to 10.76%. The range crosses the threshold; the outcome depends on the company's declaration.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

FRMPL financial report, Jun 30, 2026 (company investor relations site)Jun 30, 2026 · Fingerprint d4526dce7fdf…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 result says nothing about the quality of the company. It only shows where a measured ratio stands against the threshold.

The measured range crosses the threshold: the proven amount is below the threshold and the cautious upper bound is above it. The outcome depends on the company's KAFİF declaration, so this record does not count as a divergence. Method

The company's KAFİF declaration

The company's declaration on the KAP form (first half 2026): excluded income 5.0%, interest-bearing assets 2.9%, interest-bearing loans 8.5%. The three declared ratios are within the thresholds; the declaration settles the open range of the measurement. 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 SLIPFRMPL · 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: 5.8%
Purification amount: TRY 70.08

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 4.96%); 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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Companies in the same index

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

Based on the financial statements for the first half of 2026, the excluded income ratio depends on the company's declaration: the proven amount alone gives a ratio below the threshold, and the cautious upper bound is above it.

MEASUREMENT TABLE

Official list record

Status history

Documents and sources

What this measurement covers

The company's KAFİF declaration

Purification calculation

Get an alert if it changes

Companies in the same index