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Türkiye Finans Participation Bank finances the needs of its customers by way of contracts as defined under the Islamic jurisprudence.

Contracts used under Islamic Jurisprudence and Their Areas of Use

Murabaha

It refers to cash purchase and deferred sales of goods. Türkiye Finans uses the murabaha contract to perform transactions relating to its Consumer Financing and Credit Card products.

Mudabarah

Mudabarah is a kind of partnership contract where one party contributes capital and the other their labor.

Türkiye Finans performs its transactions relating to Participation Accounts through the mudabarah contract where the customer contributes capital and our bank its labor.

Musharaka

Musharaka is a kind of partnership contract where both parties participate both in the capital and labor.

Türkiye Finans uses the musharaka contract to finance construction and similar projects.

Qard Hassan

It refers to repayment of debt in the same amount as lent. Cash advance withdrawals in Türkiye Finans credit cards are subject to qard hassan contract.

Our customers repay cash advances in the same amount as they withdraw.

Istisna

This contract model is used for sales arrangements where the product is yet to be manufactured. Istisna contracts are used in housing projects where sales transactions are performed based on scale models.

Tawarruq

Tawarruq is a contract; that goods are purchased on the basis of murabaha, then the goods are turned into cash in a secondary market so that the customer's financial need is met.