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Sağlama record · BIST: JANTS

Jantsa Jant Sanayi

Jantsa Jant Sanayi (JANTS) 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-JANTS

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.

MEASUREMENT TABLE

Interest-bearing loans

within the threshold
18.9%

Upper bound

Calculation and source

Calculation: numerator ÷ denominatorTRY 2,525,474,376÷TRY 13,344,658,764 (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 14: “Banka Kredileri” TRY 554,000,000: undetermined, kept in the upper bound; “Finansal Kiralama İşlemlerinden Borçlar (TFRS 16)” TRY 8,157,314: not counted (proven); “Kredi Kartı Borçları” TRY 48,948: undetermined, kept in the upper bound; “Banka Kredileri Faiz Gider Tahakkukları” TRY 33,030,372: counted in the ratio (proven). Note 14: “Uzun Vadeli Kredilerin Anapara, Taksitleri ve Faizleri” TRY 337,503,547: counted in the ratio (proven). Note 14: “Banka Kredileri” TRY 1,600,655,915: undetermined, kept in the upper bound; “Finansal Kiralama İşlemlerinden Borçlar (TFRS 16)” TRY 7,108,610: not counted (proven). Notes that could not be used: Note 10 (Other payables): the item's table was not found in the note. The ratio is in the range 2.78% to 18.92%; both bounds give the same result.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Banka Kredileri · Short-term borrowings, note 14554,000,000undetermined, kept in the upper boundTKBB Guideline 6.1
Finansal Kiralama İşlemlerinden Borçlar (TFRS 16) · Short-term borrowings, note 148,157,314not counted (proven)TKBB Guideline 6.2
Kredi Kartı Borçları · Short-term borrowings, note 1448,948undetermined, kept in the upper boundTKBB Guideline 6.1
Banka Kredileri Faiz Gider Tahakkukları · Short-term borrowings, note 1433,030,372counted in the ratio (proven)TKBB Guideline 6.1
Uzun Vadeli Kredilerin Anapara, Taksitleri ve Faizleri · Current portion of long-term borrowings, note 14337,503,547counted in the ratio (proven)TKBB Guideline 6.1
Banka Kredileri · Long-term borrowings, note 141,600,655,915undetermined, kept in the upper boundTKBB Guideline 6.1
Finansal Kiralama İşlemlerinden Borçlar (TFRS 16) · Long-term borrowings, note 147,108,610not counted (proven)TKBB Guideline 6.2

KAFİF declaration 18.9% (first half 2026) · Sağlama range 2.8% to 18.9% (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
10.3%

Upper bound

Calculation and source

Calculation: numerator ÷ denominatorTRY 1,368,161,814÷TRY 13,344,658,764 (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 5: “Girişim Sermayesi Yatırım Fonu” TRY 3,628,800: undetermined, kept in the upper bound; “Para Piyasası Fonu” TRY 394,800: undetermined, kept in the upper bound. Note 6: “Kasa” TRY 213,991: not counted (proven); “Bankalar / Vadesiz Mevduat” TRY 198,789,768: not counted (proven); “Bankalar / Vadeli Mevduat” TRY 1,099,495,544: counted in the ratio (proven); “Kredi Kartı Satışları” TRY 4,632,047: not counted (proven); “Likit Fon” TRY 258,819,142: undetermined, kept in the upper bound; “Vadeli Mevduat Gelir Tahakkukları” TRY 5,823,528: counted in the ratio (proven). The ratio is in the range 8.28% to 10.25%; both bounds give the same result.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Girişim Sermayesi Yatırım Fonu · Financial investments, note 53,628,800undetermined, kept in the upper boundTKBB Guideline 5.1
Para Piyasası Fonu · Financial investments, note 5394,800undetermined, kept in the upper boundTKBB Guideline 5.1
Kasa · Cash and cash equivalents, note 6213,991not counted (proven)TKBB Guideline 5.2
Bankalar / Vadesiz Mevduat · Cash and cash equivalents, note 6198,789,768not counted (proven)TKBB Guideline 5.2
Bankalar / Vadeli Mevduat · Cash and cash equivalents, note 61,099,495,544counted in the ratio (proven)TKBB Guideline 5.1
Kredi Kartı Satışları · Cash and cash equivalents, note 64,632,047not counted (proven)TKBB Guideline 5.2
Likit Fon · Cash and cash equivalents, note 6258,819,142undetermined, kept in the upper boundTKBB Guideline 5.1
Vadeli Mevduat Gelir Tahakkukları · Cash and cash equivalents, note 65,823,528counted in the ratio (proven)TKBB Guideline 5.1

KAFİF declaration 9.8% (first half 2026) · Sağlama range 8.3% to 10.3% (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

View the documentMethod

Excluded income

depends on the declaration
at most9.0%

Proven lower bound 3.1% · cautious upper bound 9.0%

Calculation and source

Calculation: numerator ÷ denominatorTRY 374,622,705÷TRY 4,145,588,625 (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 21: “Alıcı Satıcı Kambiyo Karları” TRY 80,324,160: not counted (proven); “Reeskont Gelirleri” TRY 74,643,588: undetermined, kept in the upper bound; “Şüpheli Alacak Karşılığı İptalleri” TRY 120,000: undetermined, kept in the upper bound; “Teşvik Gelirleri” TRY 34,230,989: not counted (proven); “Kıdem ve İzin Karşılık İptalleri” TRY 3,058,909: not counted (proven); “Hizmet Gelirleri” TRY 4,797,436: not counted (proven); “Garanti Satış Karşılıkları İptalleri” TRY 4,517,382: undetermined, kept in the upper bound; “Kalıp Satış Geliri” TRY 14,122,759: undetermined, kept in the upper bound; and 1 more line. Note 23: “Bankalar Kambiyo Karları” TRY 41,691,210: not counted (proven). Note 22: “İştirak Pay Devri Etkisi” TRY 125,115,922: undetermined, kept in the upper bound; “Vadeli Mevduat Faiz Gelirleri” TRY 129,184,579: counted in the ratio (proven); “Menkul Kıymet Değerlemesi” TRY 6,727,858: undetermined, kept in the upper bound. The ratio is in the range 3.12% to 9.04%; the outcome depends on the company's declaration.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Alıcı Satıcı Kambiyo Karları · Other income from operating activities, note 2180,324,160not counted (proven)TKBB Guideline 4.2
Reeskont Gelirleri · Other income from operating activities, note 2174,643,588undetermined, kept in the upper boundTKBB Guideline 4.1
Şüpheli Alacak Karşılığı İptalleri · Other income from operating activities, note 21120,000undetermined, kept in the upper bound
Teşvik Gelirleri · Other income from operating activities, note 2134,230,989not counted (proven)TKBB Guideline 4.2
Kıdem ve İzin Karşılık İptalleri · Other income from operating activities, note 213,058,909not counted (proven)TKBB Guideline 4.2
Hizmet Gelirleri · Other income from operating activities, note 214,797,436not counted (proven)TKBB Guideline 4.2
Garanti Satış Karşılıkları İptalleri · Other income from operating activities, note 214,517,382undetermined, kept in the upper bound
Kalıp Satış Geliri · Other income from operating activities, note 2114,122,759undetermined, kept in the upper bound
Diğer · Other income from operating activities, note 2120,190,617undetermined, kept in the upper boundTKBB Guideline 4.1
Bankalar Kambiyo Karları · Finance income, note 2341,691,210not counted (proven)TKBB Guideline 4.2
İştirak Pay Devri Etkisi · Income from investing activities, note 22125,115,922undetermined, kept in the upper boundTKBB Guideline 4.2
Vadeli Mevduat Faiz Gelirleri · Income from investing activities, note 22129,184,579counted in the ratio (proven)TKBB Guideline 4.1
Menkul Kıymet Değerlemesi · Income from investing activities, note 226,727,858undetermined, kept in the upper boundTKBB Guideline 4.1

KAFİF declaration 3.3% (first half 2026) · Sağlama range 3.1% to 9.0% (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 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
Latest official change

Removed from the BIST Participation 100 index as of October 1, 2026, for the period from October 2026 to April 2027. Source: Borsa Istanbul announcement, Sep 29, 2026 · KAP disclosure 1669816

All changes for the period from October 2026 to April 2027

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 10.41% · assets 14.61% · loans 14.59%.
  2. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2026: depends on the company's declaration. Income 6.56% · assets 10.44% · loans 14.44%.
  3. Earlier measurementTKBB rules, August 2025, version 2 · Q1 2026: depends on the company's declaration. Income 6.56% · assets 10.44% · loans 14.44%.
  4. Earlier measurementTKBB rules, August 2025, version 2 · first half 2026: depends on the company's declaration. Income 9.04% · assets 10.25% · loans 18.92%.
  5. MeasurementTKBB rules, August 2025, version 3 · first half 2026: depends on the company's declaration. Income 3.12% to 9.04% · assets 8.28% to 10.25% · loans 2.78% to 18.92%. 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

  • JANTS financial report, Jun 30, 2026 (company investor relations site)Jun 30, 2026 · Fingerprint aaf3f282a47b… · fingerprint of the downloaded file e55a5afbd8c3…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 3.3%, interest-bearing assets 9.8%, interest-bearing loans 18.9%. 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 SLIPJANTS · 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
9.0%
Purification amount
TRY 108.48

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 3.12%); 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.