Islamic Finance Application In Turkey In Comparison With Other Countries

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Islamic Finance Application in Turkey in Comparison with Other Countries: Developments and Current State of Sukuk

Atilla Yücel
Islamic Finance Application in Turkey in Comparison with Other Countries Developments and Current State of Sukuk Book PDF

Author : Atilla Yücel
Publisher : GRIN Verlag
Page : 44 pages
File Size : 53,6 Mb
Release : 2012-05-22
Category : Business & Economics
ISBN : 9783656195887

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Islamic Finance Application in Turkey in Comparison with Other Countries: Developments and Current State of Sukuk by Atilla Yücel Pdf

Seminar paper from the year 2012 in the subject Business economics - Investment and Finance, grade: 1,0, Istanbul Marmara University (Faculty of Economics and Administrative Sciences), course: Bank Funds Management, language: English, abstract: The Islamic finance industry has been on the rise with the Islamic banking sector growing throughout crises. Turkey’s Islamic banking sector is said to have shown just a moderate growth compared to its actual potential and global developments. The country’s Islamic banks are said to grow further depending on whether they’re able to improve investments, and to find sources of mid- to long-term funding for their investment activities. In the Islamic finance industry Sukuk, a form of Shariah-compliant securitization, emerged as a viable form of finance for both sovereign and corporate entities that seek for Shariah-compliant long-term financing sources. Since the international breakthrough in 2001, Sukuk certificates have been increasingly issued in various jurisdictions throughout the Middle East and Asia, and in parts of the western world. The upward rise supposedly represents the need of Islamic financial institutions for longer-term funding sources to overcome their short-term liquidity constraints. This paper provides a comparative analysis (quantitative and qualitative) of developments and the current state of applications of Sukuk financing in Turkey and the global Islamic finance sector. Sukuk markets have surely become one of the main sections of the Islamic finance industry. Islamic banks in Turkey just recently tapped the market, though. In line with trends in global Sukuk issuances, Turkish Sukuk were sponsored by corporate entities and of the Ijarah and Murabaha Sukuk types. However, sovereign / quasi-sovereign Sukuk issuance has been globally on the rise lately. In the near future, this trend could happen to be also true for the Turkish Sukuk market.

The Islamic Finance

Mehmet Cosgun
The Islamic Finance Book PDF

Author : Mehmet Cosgun
Publisher : Unknown
Page : 144 pages
File Size : 55,5 Mb
Release : 2014-11-25
Category : Electronic
ISBN : 3656845646

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The Islamic Finance by Mehmet Cosgun Pdf

Doctoral Thesis / Dissertation from the year 2014 in the subject Economics - Finance, grade: Succesful Defense, Mendel University (Economics), course: International Management, language: English, abstract: This work analyzes whether in recent years Islamic financial developments apply globally, for example to Germany. The author is interested in the reality of Islamic finance and its potential existence in non-Muslim environments. In much of the extant literature, studies consider a theoretical model such as: "The stability of Islamic finance." The authors in these studies tend to focus on global Islamic banks. In the present study, the Author wants to examine the situation for a specific non-Muslim country like Germany. The second focus is to find out whether there is a relationship between the number of Muslims in Germany and the need for Islamic financial products. A detailed view of market entry and critical key indicators are analysed. The current laws and their handling by Islamic banks will additionally be examined. To complete this research, a comparison with a country with more real market experiences in the field of Islamic finance, such as Turkey, will be undertaken. Are there certain Islamic, Jewish, Christian Practices and Aims for Business? With this background, starting from the year 2000, the author observed and investigated economics sources. Here, the concrete issue of Islamic finance became more and more compelling. The development of Islamic finance in recent decades is characterized by increasing, worldwide market share. With the most recent crisis of 2008, Islamic finance strengthened its global attention. This was due to profit increases throughout the period of crisis.

An Overview of Islamic Finance

Mr. Mumtaz Hussain,Asghar Shahmoradi,Rima Turk
An Overview of Islamic Finance Book PDF

Author : Mr. Mumtaz Hussain,Asghar Shahmoradi,Rima Turk
Publisher : International Monetary Fund
Page : 35 pages
File Size : 53,5 Mb
Release : 2015-06-02
Category : Business & Economics
ISBN : 9781513565620

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An Overview of Islamic Finance by Mr. Mumtaz Hussain,Asghar Shahmoradi,Rima Turk Pdf

Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.

Handbook of Research on Theory and Practice of Global Islamic Finance

Rafay, Abdul
Handbook of Research on Theory and Practice of Global Islamic Finance Book PDF

Author : Rafay, Abdul
Publisher : IGI Global
Page : 888 pages
File Size : 40,7 Mb
Release : 2019-12-27
Category : Business & Economics
ISBN : 9781799802204

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Handbook of Research on Theory and Practice of Global Islamic Finance by Rafay, Abdul Pdf

As an emerging global phenomenon, Islamic economics and the financial system has expanded exponentially in recent decades. Many components of the industry are still unknown, but hopefully, the lack of awareness will soon be stilled. The Handbook of Research on Theory and Practice of Global Islamic Finance provides emerging research on the latest global Islamic economic practices. The content within this publication examines risk management, economic justice, and stock market analysis. It is designed for financiers, banking professionals, economists, policymakers, researchers, academicians, and students interested in ideas centered on the development and practice of Islamic finance.

Islamic Banking

Mr.Luca Errico,Ms.Mitra Farahbaksh
Islamic Banking Book PDF

Author : Mr.Luca Errico,Ms.Mitra Farahbaksh
Publisher : International Monetary Fund
Page : 33 pages
File Size : 55,7 Mb
Release : 1998-03-01
Category : Business & Economics
ISBN : 9781451980417

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Islamic Banking by Mr.Luca Errico,Ms.Mitra Farahbaksh Pdf

This paper analyzes the implications of Islamic precepts on banks’ structure and activities, focusing on banking supervision issues. It points out and discusses these issues in the context of a paradigm version of Islamic banking, as well as in frameworks that fall between the paradigm version and conventional banking. The case of Islamic banks operating in a conventional system is also examined.

The Effects of the Global Crisis on Islamic and Conventional Banks

Jemma Dridi,Maher Hasan
The Effects of the Global Crisis on Islamic and Conventional Banks Book PDF

Author : Jemma Dridi,Maher Hasan
Publisher : Unknown
Page : 42 pages
File Size : 47,9 Mb
Release : 2005-10-31
Category : Electronic
ISBN : 1455205311

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The Effects of the Global Crisis on Islamic and Conventional Banks by Jemma Dridi,Maher Hasan Pdf

This paper examines the performance of Islamic banks (IBs) and conventional banks (CBs) during the recent global crisis by looking at the impact of the crisis on profitability, credit and asset growth, and external ratings in a group of countries where the two types of banks have significant market share. Our analysis suggests that IBs have been affected differently than CBs. Factors related to IBs‘ business model helped limit the adverse impact on profitability in 2008, while weaknesses in risk management practices in some IBs led to a larger decline in profitability in 2009 compared to CBs. IBs‘ credit and asset growth performed better than did that of CBs in 2008-09, contributing to financial and economic stability. External rating agencies‘ re-assessment of IBs‘ risk was generally more favorable.

Turkish Economy

Ahmet Faruk Aysan,Mehmet Babacan,Nurullah Gur,Hatice Karahan
Turkish Economy Book PDF

Author : Ahmet Faruk Aysan,Mehmet Babacan,Nurullah Gur,Hatice Karahan
Publisher : Springer
Page : 419 pages
File Size : 42,6 Mb
Release : 2018-03-30
Category : Political Science
ISBN : 9783319703800

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Turkish Economy by Ahmet Faruk Aysan,Mehmet Babacan,Nurullah Gur,Hatice Karahan Pdf

This book scrutinizes the last 15 years of exceptional growth in the Turkish economy, and presents a model for sustainable ongoing growth that has particular implications for other key emerging economies. The growth of the Turkish economy in the 2000’s was based on two integrated fundamental factors: fixing deteriorating dynamics and implementing further reforms to stimulate economic activity. This basic formula led to pleasing rates of economic growth, fuelled particularly by domestic private investments along with revived consumption and exports. Driven by political stability established by single party governments in the post-2002 period, an improved economic outlook helped Turkey enjoy record levels of foreign investment, adding momentum to its growth story. The Turkish experience in the post-crisis period implies that in order to achieve a fast and - more importantly - sustainable onward growth, the economy needs a new generation of structural reforms that simultaneously heal fragility and vitalize economic activity. The papers in this book offer professional assessments and assistance - especially for policymakers, and present a new direction upon which the Turkish economy - and emerging markets - can progress successfully for a further 15 years.

Islamic Finance in Europe

Mohyedine Hajjar
Islamic Finance in Europe Book PDF

Author : Mohyedine Hajjar
Publisher : Springer
Page : 338 pages
File Size : 50,6 Mb
Release : 2019-05-10
Category : Business & Economics
ISBN : 9783030040949

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Islamic Finance in Europe by Mohyedine Hajjar Pdf

Information about Islamic finance in European countries is usually provided by professional-style reports, offering practical data on implementation of standardized products. However, precise developments about material legal provisions applicable to contracts and their actual legal regime are not often detailed. In order to fill this gap, 15 researchers from across Europe contributed to this project. They describe the state of actual Islamic finance in 10 European countries, as well as applicable EU law. By combining legal analysis with statistical description of existing practices and social demand, this book provides an exhaustive account of the current potential of Islamic finance in Europe.

Impact of Financial Technology (FinTech) on Islamic Finance and Financial Stability

Naifar, Nader
Impact of Financial Technology FinTech on Islamic Finance and Financial Stability Book PDF

Author : Naifar, Nader
Publisher : IGI Global
Page : 312 pages
File Size : 48,7 Mb
Release : 2019-09-27
Category : Business & Economics
ISBN : 9781799800415

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Impact of Financial Technology (FinTech) on Islamic Finance and Financial Stability by Naifar, Nader Pdf

With advancing technologies like distributed ledgers, smart contracts, and digital payment platforms, financial services must be innovative in order to remain relevant in the modern era. The adoption of financial technology affects the whole Islamic financial industry as well as the economic stability of a globalized world. There is a need for research that seeks to understand financial technology and the regulatory technology necessary to ensure financial security and stability. Impact of Financial Technology (FinTech) on Islamic Finance and Financial Stability is an essential publication that examines both the theory and application of newly-available financial services and discusses the impact of FinTech on the Islamic financial service industry. Featuring research on topics such as cryptocurrency, peer-to-peer transferring, and digital wallets, this book is ideally designed for researchers, bank managers, economists, analysts, market professionals, managers, executives, computer scientists, business practitioners, academicians, and students seeking coverage on how the latest in artificial intelligence, machine learning, and blockchain technology will redesign Islamic finance.

DEVELOPMENT OF ISLAMIC FINANCE IN CIS COUNTRIES

ALAM ASADOV - BAHODIR NURMUKHAMEEDOV
DEVELOPMENT OF ISLAMIC FINANCE IN CIS COUNTRIES Book PDF

Author : ALAM ASADOV - BAHODIR NURMUKHAMEEDOV
Publisher : العبيكان للنشر
Page : 247 pages
File Size : 55,7 Mb
Release : 2024-06-03
Category : Business & Economics
ISBN : 9786038427002

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DEVELOPMENT OF ISLAMIC FINANCE IN CIS COUNTRIES by ALAM ASADOV - BAHODIR NURMUKHAMEEDOV Pdf

ABOUT AUTHORS: Άκη Ακκάτην PLC curely on Aof the Department of France ist frince JumUlyadh, Saud Arabia, He obtained hPD degree Filamic France kam nemotional Center for Giocatonamc Phance NCBE) has bachon and meate's degrees aconomics kom the Univity of Richmond, and the University of A ША нарости academic case at the Head of Pe Rewich department and lecturer af Samarkandule of boonomics and Service in 2007. He at worked as on Sconomics lecturer of Wecmender international Univenity in Tabeer and then Senior Lechawaid Programme Otector of Wa Management Devetipment witute of Singapore taitent for severat wan Ex. Azdov has published chaples in edited books ont articles many joumalt and took part in numerous contences and project grontsch Worksted to learn Money arid Monstary ly tam tecing Home Financingnan Capital and bullyFinoning and Iconamic and financid Stability, He has been reviewing proper for a number of Intermational peeteet jouent for the last few ye Boktiode Namukатесовани candidate in Mamic financie fly Maraya Pahang (UM), Before that, he obtained his bachelor's degree in blanic dentom Thenentiekistan and a master's in finance from PICEF Malaysia He has completed the Chartered smocnic Finance protestond coune in 2015 after which engaged the chance educator indiatry whereby he joined the Tmance Accreditation Agency (MA) under the Centes fons of Motoyae hos been exposed to wartour proanch with theing degrees in taamic tonking, bamic Capital markets, and Talk, and actively participated in the preparation of prepor Standards saved by the A. As a

Islamic Finance in Europe

Valentino Cattelan
Islamic Finance in Europe Book PDF

Author : Valentino Cattelan
Publisher : Edward Elgar Publishing
Page : 260 pages
File Size : 50,8 Mb
Release : 2013-01-01
Category : Business & Economics
ISBN : 9781781002513

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Islamic Finance in Europe by Valentino Cattelan Pdf

Highlighting the impact of current globalization on financial markets, this topical book challenges the universality of Western property rights and interprets Islamic finance in Europe as part of a plural financial system, where different conceptions of economic justice(s) co-exist and influence each other. The contributing authors analyse key economic development and social integration issues from an Islamic perspective and outline the European approach to accommodating Islamic finance, with particular regard to the peculiarities of individual nation-states. Set in this context, the book presents financial pluralism as a device to enhance a level playing field in the global marketplace, as well as to foster a plural open society. Providing a comprehensive and methodological guide to Islamic finance in Europe, this book will prove an illuminating and informative read for academics, students and policymakers with an interest in the impact on financial regulation of an increasingly globalized world.

Islamic Finance

Nafis Alam,Lokesh Gupta,Bala Shanmugam
Islamic Finance Book PDF

Author : Nafis Alam,Lokesh Gupta,Bala Shanmugam
Publisher : Springer
Page : 481 pages
File Size : 40,9 Mb
Release : 2017-12-18
Category : Business & Economics
ISBN : 9783319665597

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Islamic Finance by Nafis Alam,Lokesh Gupta,Bala Shanmugam Pdf

This book provides a comprehensive and practical guide to Islamic finance. It covers a broad range of important topics including Islamic banking, capital markets, Takaful, wealth management, Fintech in Islamic finance, compliance and governance issues. It begins by introducing Islamic banking, covering its objectives, principles and evolution, before moving on to discuss the religious foundations of Islamic finance. The prohibition of Riba and Gharar and Islamic contracts are explored, before Islamic deposits, and financing are discussed in practice. A comparative analysis is provided between Islamic banking products and services in a range of counties throughout the world. Information technology including fintech, payment and settlement networks, opportunities and challenges are also addressed. Corporate governance, Islamic capital markets, and Islamic insurance (Takaful) are all explored, before concluding with a chapter on wealth management and Islamic investment funds. It features case studies based on the authors’ own experiences consulting with Islamic financial institutions. Ideal for those looking to improve their understanding of practical Islamic financing models, contracts, product structures and product features, this book will appeal to both students and practitioners in Islamic finance and banking, those based in Islamic financial institutions, and those based in conventional financial institutions who may be looking to enter the Islamic financial market.

Sukuk (Lease Certificate), New Locomotive of Global Islamic Finance. A Comparison with Sukuk Market of Turkey (2010-2018)

Yusuf Aker,Assoc. Alper Karavardar
Sukuk Lease Certificate New Locomotive of Global Islamic Finance A Comparison with Sukuk Market of Turkey 2010 2018 Book PDF

Author : Yusuf Aker,Assoc. Alper Karavardar
Publisher : Unknown
Page : 40 pages
File Size : 47,5 Mb
Release : 2019-02-15
Category : Electronic
ISBN : 3668879818

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Sukuk (Lease Certificate), New Locomotive of Global Islamic Finance. A Comparison with Sukuk Market of Turkey (2010-2018) by Yusuf Aker,Assoc. Alper Karavardar Pdf

Essay from the year 2019 in the subject Economics - Other, Giresun University (Institute of Social Sciences), language: English, abstract: With the new products emerging in Islamic finance, the dynamics of the industry have begun to change. The sukuks were initially issued to attract the funds of the gulf countries and but it has become known all over the world over time. The aim of this paper is to intruduce Sukuk that has become one of the most important and popular products of today's Islamic finance industry. With this study, we will also investigate to look at differences between Turkey and Global sukuk market in terms of theirs volume, market share, the total amount of issuances and market structures. This paper has been divided into two parts. The first part deals with how the global sukuk market had been established and developed. The second part begins by laying out the Turkish sukuk market and its development process, and investigates the similarities and differences between Turkish and global sukuk market. The result of this paper shows that sukuk market of Turkey have a large number of structural problems. Nevertheless, it is seen that growth rate of Turkish Sukuk Market is higher than growth rate of global sukuk market. This paper can be used as a guide by sukuk investors. It was also aimed to detect obstacles in the growth of sukuk in Turkey, compared to global sukuk market and made a suggestion to whom it may concern.

Growth and Emerging Prospects of International Islamic Banking

Rafay, Abdul
Growth and Emerging Prospects of International Islamic Banking Book PDF

Author : Rafay, Abdul
Publisher : IGI Global
Page : 341 pages
File Size : 42,9 Mb
Release : 2020-01-03
Category : Business & Economics
ISBN : 9781799816126

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Growth and Emerging Prospects of International Islamic Banking by Rafay, Abdul Pdf

As an ever-growing international business, Islamic banking has changed the face of economics in recent years. As more and more industries embrace Islamic principles, the industry will unquestionably influence modern economic practices and techniques across the globe. Growth and Emerging Prospects of International Islamic Banking is a collection of innovative research on the methods and applications of Islamic banking interests on a global economic scale. While highlighting topics including asset diversification, profit sharing, and financial reporting, this book is ideally designed for bankers, banking analysts, international business managers, financiers, industry professionals, economists, government officials, academicians, students, and researchers seeking current research on Islamic banking perspectives and approaches to finances.

Edinburgh Companion to Shari'ah Governance in Islamic Finance

Syed Nazim Ali
Edinburgh Companion to Shari ah Governance in Islamic Finance Book PDF

Author : Syed Nazim Ali
Publisher : Edinburgh University Press
Page : 480 pages
File Size : 51,9 Mb
Release : 2020-03-18
Category : Electronic
ISBN : 9781474436014

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Edinburgh Companion to Shari'ah Governance in Islamic Finance by Syed Nazim Ali Pdf

Written by a group of prominent shari'ah scholars, academics and practitioners in the field of Islamic finance, this book contains 17 in-depth case studies of shari'ah governance practices and experiences as well as critical analysis of these practices. It serves as a standalone comprehensive reference work on shari'ah governance, containing an overview of its Islamic legal foundations, its evolution and development over the years, current practices and debates on shari'ah governance standards and future prospects for shari'ah governance in the global Islamic finance market.