Gimat Mağazacılık (GMTAS) 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-GMTAS
Based on the financial statements for the first half of 2026, all three ratios are within the TKBB thresholds.
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. Because extra items are included, the ratio is an upper bound for the items shown in the financial statements. Note 6: “Diğer çeşitli borçlar” TRY 3,185,649: undetermined, kept in the upper bound; “Ortaklara borçlar” TRY 402,644: undetermined, kept in the upper bound; “Alınan depozito ve teminatlar” TRY 589,832: undetermined, kept in the upper bound. The ratio is in the range 0.00% 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
Diğer çeşitli borçlar · Other payables, note 6
3,185,649
undetermined, kept in the upper bound
TKBB Guideline 4.1
Ortaklara borçlar · Other payables, note 6
402,644
undetermined, kept in the upper bound
TKBB Guideline 6.1
Alınan depozito ve teminatlar · Other payables, note 6
589,832
undetermined, kept in the upper bound
TKBB Guideline 6.1
KAFİF declaration 0.0% (first half 2026) · Sağlama range 0.0% to 1.1% (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
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 1,368,517: not counted (proven); “Bankalar” TRY 73,447,469: undetermined, kept in the upper bound; “Diğer hazır değerler” TRY 55,050,606: undetermined, kept in the upper bound. The ratio is in the range 0.00% to 2.29%; 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
1,368,517
not counted (proven)
TKBB Guideline 5.2
Bankalar · Cash and cash equivalents, note 3
73,447,469
undetermined, kept in the upper bound
TKBB Guideline 5.1
Diğer hazır değerler · Cash and cash equivalents, note 3
55,050,606
undetermined, kept in the upper bound
TKBB Guideline 4.1
KAFİF declaration 0.0% (first half 2026) · Sağlama range 0.0% to 2.3% (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
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 26: “Konusu kalmayan karşılıklar” TRY 382,834: not counted (proven); “Reeskont faiz gelirleri” TRY 1,941,386: undetermined, kept in the upper bound; “Hurda gelirleri” TRY 0: not counted (proven); “Kambiyo karı” TRY 0: not counted (proven); “Yansıtma gelirleri” TRY 4,610,565: undetermined, kept in the upper bound; “Uyum hakediş geliri” TRY 2,954,801: undetermined, kept in the upper bound; “Hizmet geliri” TRY 12,375,292: not counted (proven); “%5 Kurumlar vergisi indirimi gelirleri” TRY 2,333,966: undetermined, kept in the upper bound; and 1 more line. Note 28: “Kambiyo karı” TRY 725,670: not counted (proven); “Faiz gelirleri” TRY 5,426: counted in the ratio (proven). Note 27: “Menkul kıymet satış karı” TRY 1,989,509: undetermined, kept in the upper bound; “Kira gelirleri” TRY 14,735,540: not counted (proven). The ratio is in the range 0.00% to 0.56%; both bounds give the same result.
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 26
382,834
not counted (proven)
TKBB Guideline 4.2
Reeskont faiz gelirleri · Other income from operating activities, note 26
1,941,386
undetermined, kept in the upper bound
Hurda gelirleri · Other income from operating activities, note 26
0
not counted (proven)
TKBB Guideline 4.2
Kambiyo karı · Other income from operating activities, note 26
0
not counted (proven)
TKBB Guideline 4.2
Yansıtma gelirleri · Other income from operating activities, note 26
4,610,565
undetermined, kept in the upper bound
Uyum hakediş geliri · Other income from operating activities, note 26
2,954,801
undetermined, kept in the upper bound
Hizmet geliri · Other income from operating activities, note 26
12,375,292
not counted (proven)
TKBB Guideline 4.2
%5 Kurumlar vergisi indirimi gelirleri · Other income from operating activities, note 26
2,333,966
undetermined, kept in the upper bound
Muhtelif gelirler · Other income from operating activities, note 26
4,777,005
undetermined, kept in the upper bound
Kambiyo karı · Finance income, note 28
725,670
not counted (proven)
TKBB Guideline 4.2
Faiz gelirleri · Finance income, note 28
5,426
counted in the ratio (proven)
TKBB Guideline 4.1
Menkul kıymet satış karı · Income from investing activities, note 27
1,989,509
undetermined, kept in the upper bound
TKBB Guideline 4.1
Kira gelirleri · Income from investing activities, note 27
14,735,540
not counted (proven)
TKBB Guideline 4.2
KAFİF declaration 0.6% (first half 2026) · Sağlama range 0.0% to 0.6% (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
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 · Q1 2026: all three ratios within the threshold. Income 1.27% · assets 2.46% · loans 0.08%.
Earlier measurementTKBB rules, August 2025, version 1 · Q1 2026: all three ratios within the threshold. Income 0.75% · assets 2.44% · loans 0.08%.
Earlier measurementTKBB rules, August 2025, version 2 · Q1 2026: all three ratios within the threshold. Income 0.75% · assets 2.44% · loans 0.08%.
Earlier measurementTKBB rules, August 2025, version 2 · first half 2026: all three ratios within the threshold. Income 0.56% · assets 2.29% · loans 1.14%.
MeasurementTKBB rules, August 2025, version 3 · first half 2026: all three ratios within the threshold. Income 0.00% to 0.56% · assets 0.00% to 2.29% · loans 0.00% to 1.14%.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
GMTAS financial report, Jun 30, 2026 (company investor relations site)Jun 30, 2026 · Fingerprint 00b4880604fe…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
Based on data as of this date, the three ratios we measure are within the TKBB thresholds.
The company's KAFİF declaration
The company's declaration on the KAP form (first half 2026): excluded income 0.6%, interest-bearing assets 0.0%, interest-bearing loans 0.0%. 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 SLIPGMTAS · 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
0.6%
Purification amount
TRY 6.72
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 0.00%); 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 100.