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Türkiye'de Faizsiz Bankacılık Prensiplerine Uygun Teverruk Pazarı: Ürün İhtisas Borsası
[Tawarruq Market in Turkey in accordance with the Principles of Interest-free Banking: Product Specialization Exchange]

Author

Listed:
  • Kazancı, Fatih

Abstract

Participation banks in Turkey use the “tawarruq” method to restructure their uncollectible receivables and the “commodity murabahah” method, which is a kind of tawarruq, to manage their liquidity. All participation banks to perform these operations use the London Metal Exchange (LME). The realization of tawarruq transactions through a commodity or metal exchange to be established in Turkey has been discussed in recent years. This article is about whether the product specialization stock exchange planned to be established in 2018 can contribute to Turkish participation banking and how it should work with a model if it is used in tawarruq and commodity murabahah transactions.

Suggested Citation

  • Kazancı, Fatih, 2018. "Türkiye'de Faizsiz Bankacılık Prensiplerine Uygun Teverruk Pazarı: Ürün İhtisas Borsası [Tawarruq Market in Turkey in accordance with the Principles of Interest-free Banking: Product Specialization," MPRA Paper 88330, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:88330
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    More about this item

    Keywords

    Tawarruq; Commodity Murabahah; Product Specialization Exchange; Electronic Product Certificate;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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