The growing prominence of Turkey in the global sukuk market: an overview

Recent developments have shown that sukuk (Islamic bond) is one of the most noteworthy driving forces behind the growth of the Islamic capital market and Islamic finance as a whole. Unlike conventional bonds, sukuk offers the investor ownership of tangible assets, usufruct of an asset, or sometimes...

Full description

Bibliographic Details
Main Authors:	Kayadibi, Saim, Tunc, Irfan, Abdul Wahab, Abdul Hamid, Kayadibi, Omer
Format:	Conference or Workshop Item
Language:	English
Published:	2014
Subjects:	HB Economic Theory
Online Access:	http://irep.iium.edu.my/37471/ http://irep.iium.edu.my/37471/ http://irep.iium.edu.my/37471/1/ID_CF416_paper.pdf

id	iium-37471
recordtype	eprints
spelling	iium-374712018-06-19T07:30:43Z http://irep.iium.edu.my/37471/ The growing prominence of Turkey in the global sukuk market: an overview Kayadibi, Saim Tunc, Irfan Abdul Wahab, Abdul Hamid Kayadibi, Omer HB Economic Theory Recent developments have shown that sukuk (Islamic bond) is one of the most noteworthy driving forces behind the growth of the Islamic capital market and Islamic finance as a whole. Unlike conventional bonds, sukuk offers the investor ownership of tangible assets, usufruct of an asset, or sometimes ownership of certain projects or investment activities. With the purpose of obtaining the needed financing through the Islamic capital market for operations, several organizations around the globe, especially in Southeast Asia and the Middle East, utilize sukuk as the Islamic financial instrument. While countries in the Southeast Asia and the Middle East are leading the sukuk market, Turkey is currently one of the most promising markets for sukuk worldwide. Going forward with this, the present study aims at giving a comprehensive overview about the development of sukuk and its opportunity for growth in Turkey. It also gives an account of the legal and regulatory issues pertaining to the Turkey sukuk. In general, the study is an attempt to create more awareness about the developments in sukuk and the recent active role Turkey plays in the sukuk market. Keywords: Islamic finance, Sukuk (Islamic bond), Shari’ah, Turkey, legislation JEL Classification: G 12, G 14, G 18 2014-07 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/37471/1/ID_CF416_paper.pdf Kayadibi, Saim and Tunc, Irfan and Abdul Wahab, Abdul Hamid and Kayadibi, Omer (2014) The growing prominence of Turkey in the global sukuk market: an overview. In: The Second International Conference on Global Business, Economics, Finance and Social Sciences (GB14 Conference), 11-13 July 2014, Chennai, India. http://globalbizresearch.org/chennai_conference/Program_Schedule.html
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB Economic Theory
spellingShingle	HB Economic Theory Kayadibi, Saim Tunc, Irfan Abdul Wahab, Abdul Hamid Kayadibi, Omer The growing prominence of Turkey in the global sukuk market: an overview
description	Recent developments have shown that sukuk (Islamic bond) is one of the most noteworthy driving forces behind the growth of the Islamic capital market and Islamic finance as a whole. Unlike conventional bonds, sukuk offers the investor ownership of tangible assets, usufruct of an asset, or sometimes ownership of certain projects or investment activities. With the purpose of obtaining the needed financing through the Islamic capital market for operations, several organizations around the globe, especially in Southeast Asia and the Middle East, utilize sukuk as the Islamic financial instrument. While countries in the Southeast Asia and the Middle East are leading the sukuk market, Turkey is currently one of the most promising markets for sukuk worldwide. Going forward with this, the present study aims at giving a comprehensive overview about the development of sukuk and its opportunity for growth in Turkey. It also gives an account of the legal and regulatory issues pertaining to the Turkey sukuk. In general, the study is an attempt to create more awareness about the developments in sukuk and the recent active role Turkey plays in the sukuk market. Keywords: Islamic finance, Sukuk (Islamic bond), Shari’ah, Turkey, legislation JEL Classification: G 12, G 14, G 18
format	Conference or Workshop Item
author	Kayadibi, Saim Tunc, Irfan Abdul Wahab, Abdul Hamid Kayadibi, Omer
author_facet	Kayadibi, Saim Tunc, Irfan Abdul Wahab, Abdul Hamid Kayadibi, Omer
author_sort	Kayadibi, Saim
title	The growing prominence of Turkey in the global sukuk market: an overview
title_short	The growing prominence of Turkey in the global sukuk market: an overview
title_full	The growing prominence of Turkey in the global sukuk market: an overview
title_fullStr	The growing prominence of Turkey in the global sukuk market: an overview
title_full_unstemmed	The growing prominence of Turkey in the global sukuk market: an overview
title_sort	growing prominence of turkey in the global sukuk market: an overview
publishDate	2014
url	http://irep.iium.edu.my/37471/ http://irep.iium.edu.my/37471/ http://irep.iium.edu.my/37471/1/ID_CF416_paper.pdf
first_indexed	2023-09-18T20:53:45Z
last_indexed	2023-09-18T20:53:45Z
_version_	1777410166779543552

The growing prominence of Turkey in the global sukuk market: an overview

Similar Items