Business · Companies · 9 hrs ago
Turkish religious foundation denies losses from disputed funds
The Türkiye Diyanet Foundation says it lost no money in funds recently named in market reports.
The foundation said it had no assets in the portfolio companies and funds facing liquidation.
Its only fund investment is in the TLK fund, which it says follows interest-free finance principles.
After liquidation decisions involving some funds, the foundation began withdrawing its TLK assets gradually and in a controlled way.
It says the withdrawals caused no loss and that it is placing the money elsewhere.
The foundation also denies that its director and two deputy directors were removed because of the fund issue, saying the leadership change had been under discussion for some time.
It has begun legal action against people it says spread false claims about it.
The Türkiye Diyanet Foundation said it had no financial resources in the funds at the centre of recent claims.
It denied that it had suffered losses from fund investments or that losses led to management changes.
The foundation said its only fund investment was in the TLK fund, which it was gradually withdrawing from after liquidation decisions involving some funds.
It said the management change had been under consideration by its board of trustees for a long time.
The foundation said it had started legal proceedings against those reporting or spreading what it called unfounded allegations.
- Who
- The Türkiye Diyanet Foundation (TDV).
- What
- It denied claims that it lost money through disputed fund investments and that managers were removed because of the issue.
- When
- The statement was reported on 23 October 2026.
- Where
- Türkiye. The foundation operates in 149 countries.
- Why
- It said the claims were inaccurate and that it had no financial resources in the funds in question.
Reports alleging fund losses and related dismissals
Türkiye Diyanet Foundation
Fund losses
Reports alleging fund losses and related dismissals
Claims said the foundation had lost money on fund investments.
Türkiye Diyanet Foundation
TDV said it had no resources in the funds in question and suffered no losses from its TLK fund investment.
Management changes
Reports alleging fund losses and related dismissals
Claims linked the removal of the general manager and two deputies to the fund issue.
Türkiye Diyanet Foundation
TDV said the change had long been under consideration and was unrelated to the claims.
The foundation began withdrawing assets from its TLK fund in a controlled and gradual manner.
Sabah reported the foundation’s denial of claims about fund losses and management dismissals.
- Established
- 1975
- Branches
- 1,003
- Countries of operation
- 149
- Only fund investment
- TLK fund
- Management changes
- The foundation said they had long been on the board of trustees’ agenda
What people are saying
The Foundation has no financial resources in the portfolio management companies recently named in the markets or in the relevant funds for which a liquidation decision has been made.
The Foundation has not suffered any losses whatsoever from this fund investment.
The claims that the TDV General Manager and two deputy general managers were removed from their positions because of the fund issue do not reflect the truth.