Türkiye'de Sukuk Uygulamaları Ve Analizi

Abstract

Interest-free financial instruments are considered as suitable instruments to attract investors who are away from traditional financial markets due to their beliefs. Sukuk is an interest-free Capital market tool developed for use in Islamic finance. While being based on assets and rights ensures the avoidance of transactions that increase uncertainty, it provides liquidity to the fixed assets of states and companies through securitization and enables them to enter into the financial system. States and large corporations with Islamic sensitivity are issuing sukuk to provide cash through commercial transactions and to provide an investment instrument for those who want to generate interest-free income. However, States provide a source of funding through subcontracting for sub-or superstructure projects that require long-term and highly co-financed financing that they cannot finance from traditional sources of income, such as taxes. Capital Markets Board regulates sukuk market. No interest payment is made to the sukuk certificates investors, and the return of real economic transactions based on the sharing or leasing of assets is distributed. Bonds and bills are notes by which the issuer owes both principal and interest to the owner. Sukuk can be issued domestically and internationally. Research outcomes and market rates considered, sukuk will continue to be a fairly popular financial instrument at both Turkey and international levels. In this study examines the Sukuk being implemented in Turkey since 2010, has made statements about varieties. The literature was reviewed and the current legislation was reviewed in detail.