Ziraat Portfolio Participation Index Comes Into The Market With An Opening-Bell Ceremony At Borsa İstanbul

Borsa Ä°stanbul’s bell rang for Ziraat Portfolio Participation Index. At the opening-bell ceremony organized on the occasion, Banking and Regulation Supervision Agency Chairman Mehmet Ali Akben, Borsa Ä°stanbul’s Founder, Honorary Chairman and Ziraat Katılım Bankası (Participation Bank) Chairman Muharrem Karslı, Ziraat Katılım Bankası A.Ş. CEO Osman Arslan, Ziraat Portföy (Portfolio) Chairman Ali Kılıç, Ziraat Portföy CEO Hakan Eryılmaz and Borsa Ä°stanbul Chairman Himmet Karadağ rang the opening-bell together.

Awarded the Largest Private Portfolio Reward in 2015, Ziraat Portföy has 6 different participation funds. Offering Ziraat Portfolio Participation Index to the investors, Ziraat Portföy made a further contribution to investment banking.

In his speech at the ceremony, Borsa Ä°stanbul Chairman Himmet Karadağ said that Islamic finance is one of the main growth areas for Borsa Ä°stanbul, adding, “Currently, we do not have many participation indices calculated. This is an innovative product for Borsa Ä°stanbul and the Turkish capital markets. I do hope that the diversity in this growth area will be sustained. We must be able to offer such instruments to fulfill the needs of financial consumers. These indices are very important for the sector to create new products. I would like to thank Ziraat Katılım and Ziraat Portföy for this endeavor”.

Emphasizing that Islamic financial products are important in offering new products for consumers, Karadağ went on to say, “The main problem in Islamic finance is the lack of product diversity. In order to ensure that financial consumers come across Islam, and that savings are increased, I believe that it is a must to add significantly to the product diversity in the area of Islamic finance. We have a lot to do in this respect. Today, we are introducing a very important attempt in this area. Therefore, I would like to express my gratitude to Ziraat Katılım. I do expect them to continue with their efforts”.

In his speech, Ziraat Portföy CEO Hakan Eryılmaz said, “We are proud to have introduced Ziraat Portfolio Participation Index to the market in consultation and with the approval of the Advisory Board”.

Eyılmaz added, “We further strengthened Ziraat Portföy’s position in the sector thanks to the structuring we initiated in November 2013. Our asset size, which stood at TL 1.8 billion at end-2013, reached TL 9.1 billion as of end-August 2016, ranking the 5^thlargest in the sector. During this period, Ziraat Portföy grew by over 400% compared to the 75% growth in the sector”.