Avrupa’da İslam Ekonomisi/Finansı Literatürü ve Uygulamaları Üzerine Genel Bir Değerlendirme

Abstract

Avrupa’da İslam iktisadı ve finansına yönelik çalışmaların önemi, 20. yüzyılın ortalarından günümüze kadar geçen zaman diliminde artmıştır. Bu makalede, İslam iktisadı ve finansı alanındaki çalışmalar ve uygulamalar ile birlikte bunların Avrupa’daki gelişim süreçlerinin gösterilmesi hedeflenmiştir. Avrupa’da İslam iktisadı ve finansına yönelik çalışmamıza dâhil olan ülkeler ise şunlardır; İngiltere, Hollanda, Almanya, Fransa, İsveç, Litvanya, İtalya ve İsviçre. Çalışmada, Avrupa’da İslam iktisadı ve finansının ilk olarak nerede ve nasıl ortaya çıktığı hususlarına değinilerek hangi üniversitelerde bu alanla ilgili çalışmaların yapıldığı detaylıca incelenmiştir. Ayrıca Avrupa’da İslam iktisadı ve finansının gelişimi ile ilgili çalışma yapan kişilerin bu alanla ilgili yayınladıkları makalelerine, tezlerine ve kitaplarına da yer verilmiştir. Özellikle modern İslam iktisadının ve finansının gelişimindeki tarihsel eğilimler, kaynaklar, bilgiler ve metodolojiye dayanan imkanlardan çıkarım yapılarak tavsiyelerde bulunulmaktadır. Bu çalışma, hem teori hem de uygulama açısından Avrupa’da İslam ekonomisi ve finansı alanlarında önemli araştırmalar ve incelemeler yapıldığını ortaya koymaktadır. Ayrıca İslam iktisadı ve finansı alanındaki çalışmalara öncülük eden çok sayıda uzman, akademisyen olduğu ve Avrupa’daki finans merkezlerinin de küreselleşme yolunda önemli adımlar attığı gözlenmektedir.

Keywords

• Avrupa
• İslam ekonomisi ve bankacılık literatürü
• Avrupa

An Overview of The Literature and Practices of Islamic Economics and Finance in Europe

Abstract

The importance of studies on Islamic economics and finance in Europe has increased from the middle of the 20th century to the present. It is aimed to show the studies and practices in the field of Islamic economics and finance, as well as their development processes in Europe in this essay. The countries that included in our work about Islamic economics and finance in Europe are as follows, UK, Netherlands, Germany, France, Sweden, Lithuania, Italy and Switzerland. It was examined in detail in which research centers study on this field were carried out by touching on where and how Islamic economics and finance first emerged in Europe in this study. Also, the articles, theses, and books, published by experts working on the development of Islamic economics and finance in Europe, are included. In particular, recommendations are given deductively from historical trends, sources, information and methodological possibilities in the development of modern Islamic economics and finance. This study reveals that important researches and studies have been carried out in the fields of Islamic economics and finance in Europe in terms of both theory and practice. Also, it is observed that there are many experts and academicians who leading the studies in the field of Islamic economics and finance, and that financial centers in Europe have taken important steps towards globalization.

Keywords

• Islamic banking in Europe
• Islamic banks in the EU
• Islamic Economics
• Banking Literature
• Finance in Europe.

References

1. Abedifar, P., Hasan, I., & Tarazi, A. (2016). Finance-growth nexus and dual-banking systems: Relative importance of Islamic banks. Journal of Economic Behavior & Organization (132), 198-215.
2. Ahmad, P. D. (2015). Does Islamic Banking help in Economic Development of Muslim Countries? MPRA (Munich Personal RePEc Archive), 2(6), 1-33.
3. Ahmed, H. (2010). Islamic finance at a crossroads: the dominance of the asset-based sukuk. Journal of International Banking & Financial Law, 6(25), 1-4.
4. Ainley, M., Mashayekhi, A., Hicks, R., Rahman, A., & Ravalia, A. (2007). Islamic Finance in the UK: Regulation and Challenges. Financial Services Authority, 1- 33.
5. Alandejani, M., & Asutay, M. (2017). Nonperforming loans in the GCC banking sectors: Does the Islamic finance matter? Research in International Business and Finance (42), 832-854.
6. Al- Jarhi, M. A. (2004). Islamic Finance: An Equitable and Efficient Option. Munich Personal RePEc Archive (MPRA), 1-58.
7. Al-Jarhi, M. A. (2017). An economic theory of Islamic finance. ISRA International Journal of Islamic Finance, 2(9), 117-132.
8. Aloui, C., Hammoudeh, S., & Hamida, H. B. (2015). Global factors driving structural changes in the co-movement between sharia stocks and sukuk in the Gulf Cooperation Council countries. North American Journal of Economics and Finance, 311-329.

9. Al-Zumai, F., & Al-Wasmi, M. (2016). 2008 Financial Crisis and Islamic Finance: An Unrealized Opportunity. International Journal for the Semiotics of Law, 2(29), 455-472.
10. Asutay, M., & Hakim, A. (2018). Exploring international economic integration through sukuk market connectivity: A network perspective. Research in International Business and Finance, 77-94.
11. Atar, A. (2017). Başlangıcından Günümüze Dünyada ve Türkiye’de İslâmi Bankacılığın Genel Durumu. Tarih Kültür ve Sanat Araştırmaları Dergisi, 4(6), 1029-1062.
12. Azhar, J. H. (2010). Sukuk and its Risk Management in the Current Scenario. Islamic Capital Market. Sweden: Umea School of Business.
13. Benhayoun, N., Chairi, I., El Gonnouni, A., & Lyhyaoui, A. (2014). Islamic Banking Challenges Lie In The Growth Of Islamic Economy Despite Of The Free Interest Loans Policy: Evidences From Support Vector Machine Approach. Acrn Journal of Finance and Risk Perspectives, 1(3), 19-31.
14. Berger, A. N., Boubakri, N., Guedhami, O., & Li, X. (2019). Liquidity Creation Performance and Financial Stability Consequences of Islamic Banking: Evidence from a Multinational Study. Journal of Financial Stability, 1-55.
15. Bitar, M., Pukthuanthong, K., & Walker, T. J. (2019). Efficiency in Islamic vs. Conventional Banking: The Role of Capital and Liquidity. Global Finance Journal, 1-58.
16. Casper, M., & Allali, A. A. (2017). Islamic Finance Made in Germany – A Case Study on Kuveyt Türk (KT Bank): Germany's First Islamic Bank. Westfalishe Wilhelms- Universitat Münstrer, 1-51.
17. Cole, O., Soufani, K., & Tse, T. (2013). Notes on Islamic economics and finance. Int. J. Trade and Global Markets, 1(6), 83-91.
18. Durmuş, A., Güney, N., & Koçdoğan, A. (2015). Türkiye’de İslam İktisadı ve Finansı Literatürü. Türkiye Araştırmaları Literatür Dergisi, 13(25-26), 75-138.
19. Eskicioğlu, P. D. (1999). İslam Ekonomisi. P. D. Eskicioğlu içinde, İslam ve Ekonomi (s.1-173). İzmir: Çağlayan Matbaası.
20. Franzon, S., & Allali, A. A. (2018). Principles of Islamic Finance and Principles of Corporate Social Responsibility: What Convergence? Sustainability, 1-11.
21. Gheeraert, L. (2014). Does Islamic finance spur banking sector development? Journal of Economic Behavior & Organization (103), S4-S20.
22. Güçlü, A., & Kılıç, D. (2019). İslami Finansın Türkiye, Abd, İngiltere ve Malezya’da Gelişimi. Yönetim ve Ekonomi Araştırmaları Dergisi, 17(3), 271-293.
23. H.Ibrahim, M. (2015). Issues in Islamic banking and finance: Islamic banks, Shari’ahcompliant investment and sukuk. Pacific-Basin Finance Journal, 185-191.
24. Halim, Z. A., How, J., Verhoeven, P., & Hassan, M. (2019). Asymmetric information and securitization design in Islamic capital markets. Pacific-Basin Finance Journal.
25. Hassan, M. K., & Aliyu, S. (2018). A contemporary survey of islamic banking literature. Journal of Financial Stability (34), 12-43.
26. Islahi, Abdul Azim (2014). Muhammad Hamidullah and His Pioneering Works on Islamic Economics, Scientific Publishing Centre King Abdulaziz University.
27. Kelleroğlu, F. (2017). Katılım Bankacılığı Sistemi ve Türkiye’de Katılım Bankacılığı. Yüksek Lisans Tezi. Kahramanmaraş Sütçü İmam Üniversitesi Kahramanmaraş Sütçü İmam Üniversitesi İktisat Ana Bilim Dalı.
28. Kutval, Y. (2017). İslam İktisadi Düşünce, Ticaret ve Finansman Yöntemlerinin Tarihsel Gelişimi. Medeniyet ve Toplum Dergisi, 1(2), 1-14.
29. Maghyereh, A. I., & Awartani, B. (2016). Dynamic transmissions between Sukuk and bond markets. Research in International Business and Finance, 246-247.
30. McMillen, M. J. (2006). Islamic capital markets: developments and issues. Capital Markets Law Journal, 1(2), 136-172.
31. Mimouni, K., Smaoui, H., Temimi, A., & Al-Azzam, M. (2019). The Impact of Sukuk on the Performance of Conventional and Islamic Banks. Pacific-Basin Finance Journal, 1-47.
32. Naifar, N., Hammoudeh, S., & Al dohaiman, M. S. (2016). Dependence structure between sukuk (Islamic bonds) and stock market conditions: An empirical analysis with Archimedean copulas. Journal of International Financial Markets (44), 148-165.
33. Paltrinieri, A., Hassan, M. K., Bahoo, S., & Khan, A. (2019). A bibliometric review of sukuk literature. International Review of Economics & Finance.
34. Pesendorfer, J., & Lehner, O. M. (2016). Islamic Banking and Finance As an Ethical Alternative: A Systematic Literature Review. ACRN Oxford Journal of Finance and Risk Perspectives, 2(5), 42-64.
35. Rowley, V. (2014). The Rise of Islamic Finance in the United Kingdom. Uk Law Student Review, 2(2), 73-85.
36. Saad, N. M., Haniff, M. N., & Ali, N. (2019). Contents lists available at ScienceDirectPacific-Basin Finance Journaljournal homCorporate governance mechanisms with conventional bonds and Sukuk’ yield spreads. Pacific-Basin Finance Journal, 1-24.
37. Sharif Bashir, M. (2010), Islamic Finance and its Contribution to Solving the Current Financial Crisis, International Journal of Knowledge Management Studies 1(17):85-99. Siddiqui, A. (2003). Markfield Institute of Higher Education. Islamic Studies, 3(42), 509-516.
38. Smaoui, H., & Nechi, S. (2017). Does sukuk market development spur economic growth? Research in International Business and Finance, 136-147.
39. Sobol, I. (2015). Islamic Banking in the European Union Countries. European Integration Studies, 184-197.
40. UK Excellence in Islamic Finance (2014). UK trade and Invenstment (www.gov.uk/ukti).
41. Zinsa, A., & Weill, L. (2017). Islamic banking and risk: The impact of Basel II. Economic Modelling, 629-632.
42. Zolfaghari, P. (2017). An Introduction to Islamic Securities (Sukuk). Uppsala Faculty of Law Working Paper, 1-40.