FuzulEv

Founded in 1992 as part of the Fuzul Group, FuzulEv pioneered the "Savings-Based Financing System" in Turkey. The company's mission is to make home and vehicle ownership accessible to a wider audience without the burden of interest, operating in compliance with Islamic finance principles. Their business model involves creating savings groups where members pool their funds, and through periodic draws or pre-determined schedules, each member receives a lump sum to finance their purchase. The company is regulated by Turkey's Banking Regulation and Supervision Agency (BDDK), ensuring its operations are compliant with national financial regulations.