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Sukuk in the World and Turkey

Author

Listed:
  • Figen BÜYÜKAKIN

    (Kocaeli University, Economics and Business Administration Faculty, Economics Department)

  • Ali KÜÇÜKÇOLAK

    (Istanbul Commerce University, Business Administration Faculty, Business Administration Department)

Abstract

As a result of globalization, the integration initiatives of the international financial markets cause various problems. Moreover, these problems are not only limited to the country in which they occur, but can also spread to other countries by snowball-effect or transmission. When we review the world financial history, countries have often experienced financial crises in recent years. At the same time, they have developed various methods to eliminate or reduce the negative effects of crises. Sukuk issues made in a country change the effects of the financial crisis that country is exposed to. This is mainly because of the fact that the Sukuk instruments are insensitive to interest. In this paper, the case study method has been adopted. In accordance with this method, it is intended to make an assessment of the sukuk applications in the world and in Turkey.

Suggested Citation

  • Figen BÜYÜKAKIN & Ali KÜÇÜKÇOLAK, 2020. "Sukuk in the World and Turkey," Turkish Economic Review, EconSciences Journals, vol. 7(4), pages 266-279, December.
    • Handle: RePEc:cvv:journ2:v:7:y:2020:i:4:p:266-279
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    References listed on IDEAS

    as
    1. Malcolm Sawyer, 2013. "What Is Financialization?," International Journal of Political Economy, Taylor & Francis Journals, vol. 42(4), pages 5-18.
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    Keywords

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    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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