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Sağlama record · BIST: SMART

Smartiks Yazılım

Smartiks Yazılım (SMART) 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-SMART

The reading of the excluded income ratio in the financial statements for the first half of 2026 is not complete; the ratio rests 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

within the threshold
12.4%

Upper bound

Calculation and source

Calculation: numerator ÷ denominatorTRY 120,961,767÷TRY 976,643,975 (total assets)× 100

RatioInterest-bearing loans / total assets

Upper bound. Of the lease liabilities shown on the balance sheet, TRY 3,075,918 are debts that do not count under TKBB Guideline 6.2, so they were deducted from the debt numerator (source: balance sheet, page 5). 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 7: “Kısa Vadeli Diğer Borçlar” TRY 20,941: undetermined, kept in the upper bound. Note 5: “Türk lirası” TRY 118,613,842: counted in the ratio (proven). Notes that could not be used: Note 5 (Current portion of long-term borrowings): the note's amounts could not be matched to this item automatically. The ratio is in the range 12.15% to 12.39%; both bounds give the same result.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Kısa Vadeli Diğer Borçlar · Other payables, note 720,941undetermined, kept in the upper boundTKBB Guideline 4.1
Türk lirası · Short-term borrowings, note 5118,613,842counted in the ratio (proven)TKBB Guideline 6.1

KAFİF declaration 12.1% (first half 2026) · Sağlama range 12.2% to 12.4% (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
0.7%

Upper bound

Calculation and source

Calculation: numerator ÷ denominatorTRY 6,603,315÷TRY 976,643,975 (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 16,204: not counted (proven); “Bankalar / Bankalar-Vadesiz Mevduat” TRY 782,955: not counted (proven); “Bankalar / Bankalar-Vadeli Mevduat / TL” TRY 42,910: counted in the ratio (proven). Notes that could not be used: Note 4 (Financial investments (current and non-current)): the note's heading does not name the item. The ratio is in the range 0.00% to 0.68%; both bounds give the same result.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Kasa · Cash and cash equivalents, note 316,204not counted (proven)TKBB Guideline 5.2
Bankalar / Bankalar-Vadesiz Mevduat · Cash and cash equivalents, note 3782,955not counted (proven)TKBB Guideline 5.2
Bankalar / Bankalar-Vadeli Mevduat / TL · Cash and cash equivalents, note 342,910counted in the ratio (proven)TKBB Guideline 5.1

KAFİF declaration 0.0% (first half 2026) · Sağlama range 0.0% to 0.7% (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

statements to be read again
0.3%

Measured on the items read

Calculation and source

Calculation: numerator ÷ denominatorTRY 309,024÷TRY 112,740,473 (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.

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 19: “Kur Farkı Gelirleri” TRY 684,576: not counted (proven); “Konusu Kalmayan Beklenen” TRY 238,696: not counted (proven); “Kredi Zararı Karşılığı / Diğer Gelirler” TRY 66,533: undetermined, kept in the numerator. Note 21: “Menkul Kıymet Satış Karları” TRY 242,491: undetermined, kept in the numerator; “Yatırım Faaliyetlerinden” TRY 0: undetermined, kept in the numerator. On the items read, the measured range is 0.00% to 0.27%.

Breakdown from the notes
Item, as written in the company's reportAmount (TRY)ClassBasis
Kur Farkı Gelirleri · Other income from operating activities, note 19684,576not counted (proven)TKBB Guideline 4.2
Konusu Kalmayan Beklenen · Other income from operating activities, note 19238,696not counted (proven)TKBB Guideline 4.2
Kredi Zararı Karşılığı / Diğer Gelirler · Other income from operating activities, note 1966,533undetermined, kept in the numeratorTKBB Guideline 4.1
Menkul Kıymet Satış Karları · Income from investing activities, note 21242,491undetermined, kept in the numeratorTKBB Guideline 4.1
Yatırım Faaliyetlerinden · Income from investing activities, note 210undetermined, kept in the numerator

KAFİF declaration 0.2% (first half 2026) · Sağlama measurement on the items read 0.0% to 0.3% (first half 2026) · the statements will be read again · 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
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: all three ratios within the threshold. Income 1.69% · assets 1.06% · loans 14.25%.
  2. Earlier measurementTKBB rules, August 2025, version 1 · Q1 2026: all three ratios within the threshold. Income 0.50% · assets 0.85% · loans 14.25%.
  3. Earlier measurementTKBB rules, August 2025, version 2 · Q1 2026: all three ratios within the threshold. Income 0.50% · assets 0.85% · loans 14.25%.
  4. Earlier measurementTKBB rules, August 2025, version 2 · first half 2026: all three ratios within the threshold. Income 0.27% · assets 0.68% · loans 12.70%.
  5. MeasurementTKBB rules, August 2025, version 3 · first half 2026: statements to be read again. Income 0.00% to 0.27% · assets 0.00% to 0.68% · loans 12.15% to 12.39%. 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

  • SMART financial report, Jun 30, 2026 (company investor relations site)Jun 30, 2026 · Fingerprint 3795bacf7ae0…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 0.2%, interest-bearing assets 0.0%, interest-bearing loans 12.1%. 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 SLIPSMART · 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
0.3%
Purification amount
TRY 3.24

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 0.27%; the purification amount is calculated with the 0.27% 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.