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A New Financing Model in Banking Sector: Recommendations for Sukuk and Its Development in Turkey

A New Financing Model in Banking Sector: Recommendations for Sukuk and Its Development in Turkey

Hasan Dinçer, Ümit Hacıoğlu, Banu Kiskac
Copyright: © 2015 |Pages: 15
ISBN13: 9781466672888|ISBN10: 1466672889|EISBN13: 9781466672895
DOI: 10.4018/978-1-4666-7288-8.ch014
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MLA

Dinçer, Hasan, et al. "A New Financing Model in Banking Sector: Recommendations for Sukuk and Its Development in Turkey." Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance, edited by Özlem Olgu, et al., IGI Global, 2015, pp. 217-231. https://doi.org/10.4018/978-1-4666-7288-8.ch014

APA

Dinçer, H., Hacıoğlu, Ü., & Kiskac, B. (2015). A New Financing Model in Banking Sector: Recommendations for Sukuk and Its Development in Turkey. In Ö. Olgu, H. Dinçer, & Ü. Hacıoğlu (Eds.), Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance (pp. 217-231). IGI Global. https://doi.org/10.4018/978-1-4666-7288-8.ch014

Chicago

Dinçer, Hasan, Ümit Hacıoğlu, and Banu Kiskac. "A New Financing Model in Banking Sector: Recommendations for Sukuk and Its Development in Turkey." In Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance, edited by Özlem Olgu, Hasan Dinçer, and Ümit Hacıoğlu, 217-231. Hershey, PA: IGI Global, 2015. https://doi.org/10.4018/978-1-4666-7288-8.ch014

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Abstract

It's a reality that the world economy is rapidly growing and developing. International foreign markets are in trouble about offsetting the funds that meet the finance demand with every passing day. In this case, the need of finding new sources is triggered off. In Islamic countries, in which interest is forbidden, bringing the idle funds to the economy is to be seen to offset these needs partially. Thanks to this, the investors, who reject to invest in financial markets due to their faith, have an alternative. In this chapter, Sukuk, the development in Islamic finance markets, an item of borrowing out of assets, is observed. In this regard, this study explains the structures, types and the actions of the sukuk hence one can conclude that Sukuk can be valued as an alternative investment item for Turkish markets.

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