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Sağlama record · BIST: IZINV

İz Yatırım Holding

İz Yatırım Holding (IZINV) 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-2024-9A-IZINV

The reading of all three ratios in the financial statements for the first nine months of 2024 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
3.7%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 13,202,093÷TRY 359,012,376 (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.) Note 18: “Diğer çeşitli borçlar” TRY 1,105: undetermined, kept in the numerator; “Ortaklara borçlar” TRY 5,910,198: undetermined, kept in the numerator. Note 16: “Kısa vadeli banka kredileri” TRY 0: undetermined, kept in the numerator; “Uzun vadeli kredilerin anapara taksitleri” TRY 7,290,790: undetermined, kept in the numerator; “Diğer finansal borçlar (*)” TRY 0: undetermined, kept in the numerator. On the items read, the measured range is 0.00% to 3.68%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Diğer çeşitli borçlar · Other payables, note 181,105undetermined, kept in the numeratorTKBB Guideline 4.1
Ortaklara borçlar · Other payables, note 185,910,198undetermined, kept in the numeratorTKBB Guideline 6.1
Kısa vadeli banka kredileri · Current portion of long-term borrowings, note 160undetermined, kept in the numeratorTKBB Guideline 6.1
Uzun vadeli kredilerin anapara taksitleri · Current portion of long-term borrowings, note 167,290,790undetermined, kept in the numeratorTKBB Guideline 6.1
Diğer finansal borçlar (*) · Current portion of long-term borrowings, note 160undetermined, kept in the numeratorTKBB Guideline 4.1

KAFİF declaration 0.0% (first half 2026) · Sağlama measurement on the items read 0.0% to 3.7% (first nine months 2024) · the statements will be read again · View the form on KAP

Source: company financial report, first nine months 2024 statements · Sep 30, 2024

View the documentMethod

Interest-bearing assets

statements to be read again
19.9%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 71,568,470÷TRY 359,012,376 (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 7: “Diğer Menkul Kıymetler (Serbest Fon)” TRY 11,486,465: undetermined, kept in the numerator. Note 6: “Kasa” TRY 3,400,000: not counted (proven); “Bankalar / Vadesiz mevduat” TRY 8,687,847: not counted (proven). On the items read, the measured range is 0.00% to 19.93%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Kasa · Cash and cash equivalents, note 63,400,000not counted (proven)TKBB Guideline 5.2
Bankalar / Vadesiz mevduat · Cash and cash equivalents, note 68,687,847not counted (proven)TKBB Guideline 5.2

KAFİF declaration 0.0% (first half 2026) · Sağlama measurement on the items read 0.0% to 19.9% (first nine months 2024) · the statements will be read again · View the form on KAP

Source: company financial report, first nine months 2024 statements · Sep 30, 2024

View the documentMethod

Excluded income

statements to be read again
15.5%

On the items read: 0.0% to 15.5%

Calculation and source

Calculation: numerator ÷ denominatorTRY 10,522,614÷TRY 67,786,435 (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 29: “Vadeli Satışlar Dolayısıyla Oluşan Finansman Gelirleri” TRY 1,995,721: undetermined, kept in the numerator; “Ticari kur farkı geliri” TRY 4,360,055: not counted (proven); “Reeskont Gelirleri” TRY 166,351: undetermined, kept in the numerator; “Diğer gelirler” TRY 175,478: undetermined, kept in the numerator; “Konusu kalmayan karşılıklar” TRY 0: not counted (proven). Note 31: “Döviz Mevduat Kur Farkı Gelirleri” TRY 3,408,237: not counted (proven); “Faiz Gelirleri” TRY 0: counted in the ratio (proven). Note 30: “Finansal Yatırımlar Satış Kazançları” TRY 5,982,751: undetermined, kept in the numerator; “Finansal Yatırımlar Değer Artış Karları” TRY 2,202,313: undetermined, kept in the numerator; “Sabit kıymet satış geliri” TRY 106,301: not counted (proven). On the items read, the measured range is 0.00% to 15.52%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Vadeli Satışlar Dolayısıyla Oluşan Finansman Gelirleri · Other income from operating activities, note 291,995,721undetermined, kept in the numeratorTKBB Guideline 4.1
Ticari kur farkı geliri · Other income from operating activities, note 294,360,055not counted (proven)TKBB Guideline 4.2
Reeskont Gelirleri · Other income from operating activities, note 29166,351undetermined, kept in the numeratorTKBB Guideline 4.1
Diğer gelirler · Other income from operating activities, note 29175,478undetermined, kept in the numeratorTKBB Guideline 4.1
Konusu kalmayan karşılıklar · Other income from operating activities, note 290not counted (proven)TKBB Guideline 4.2
Döviz Mevduat Kur Farkı Gelirleri · Finance income, note 313,408,237not counted (proven)TKBB Guideline 4.2
Faiz Gelirleri · Finance income, note 310counted in the ratio (proven)TKBB Guideline 4.1
Finansal Yatırımlar Satış Kazançları · Income from investing activities, note 305,982,751undetermined, kept in the numeratorTKBB Guideline 4.1
Finansal Yatırımlar Değer Artış Karları · Income from investing activities, note 302,202,313undetermined, kept in the numeratorTKBB Guideline 4.1
Sabit kıymet satış geliri · Income from investing activities, note 30106,301not counted (proven)TKBB Guideline 4.2

KAFİF declaration 0.0% (first half 2026) · Sağlama measurement on the items read 0.0% to 15.5% (first nine months 2024) · the statements will be read again · View the form on KAP

Source: company financial report, first nine months 2024 statements · Sep 30, 2024

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
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

4 entries

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

  1. Earlier measurementTKBB rules, August 2025, version 1 · first nine months 2024: at least one ratio above the threshold. Income 27.14% · assets 23.30% · loans 3.68%.
  2. Earlier measurementTKBB rules, August 2025, version 1 · first nine months 2024: depends on the company's declaration. Income 15.52% · assets 19.93% · loans 3.68%.
  3. Earlier measurementTKBB rules, August 2025, version 2 · first nine months 2024: depends on the company's declaration. Income 15.52% · assets 19.93% · loans 3.68%.
  4. MeasurementTKBB rules, August 2025, version 3 · first nine months 2024: statements to be read again. Income 0.00% to 15.52% · assets 0.00% to 19.93% · loans 0.00% to 3.68%. 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

  • IZINV financial report, Sep 30, 2024 (company investor relations site)Sep 30, 2024 · Fingerprint f951a3ada53b…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 0.0%, 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?
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 SLIPIZINV · first nine months 2024
Number of shares
500
Gross dividend per share
TRY 2.40
Gross dividend (500 × 2.40)
TRY 1,200.00
Excluded income ratio
15.5%
Purification amount
TRY 186.24

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 0.00% to 15.52%; the purification amount is calculated with the 15.52% 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.

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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.