DEVELOPMENT OF ISLAMIC FINANCE MARKETS IN A MULTI-POLAR WORLD AND SUKUK ISSUANCE
Journal Title: Türkiye islam iktisadı dergisi - Year 2014, Vol 1, Issue 2
Abstract
The financial crisis in the world economy after 2008 brought forward the importance of Islamic finance instruments and increased their usage in this way. Islamic finance, as a complementary component among financial instruments, provides sustainable material and spiritual welfare with its fairer, more participative and more sharing structure, by encouraging people/establishments that wishes to make investments and facilitate access to financing in economy. In this context “Sukuk” exports, which is one of the leading Islamic finance instruments, gained an important momentum in global financial markets; nowadays it strengthened financial systems of public and private sectors, facilitated investment financing and provided a fairer contribution to economic growth. This study, in regard to this importance, analyzes the historical and economic results of “sukuk” exports in Europe.
Authors and Affiliations
Mehmet Çanakcı
Keywords
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- EP ID EP301714
- DOI 10.15238/tujise.2014.1.2.43-58
- Views 108
- Downloads 0
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