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SUKUK VARLIKLARI VE FİNANSAL PERFORMANS İLİŞKİSİ: SEÇİLMİŞ ÜLKELERDEKİ KATILIM BANKALARI ÜZERİNE BİR ARAŞTIRMA

Year 2020, Volume: 9 Issue: 18, 90 - 104, 04.01.2021

Abstract

Faizsiz finansman araçları içindeki bilinirliği ve önemi her geçen gün artan sukuk, bir varlık üzerindeki sahiplik hakkını temsil eden yatırım sertifikası anlamına gelmektedir. Bu çalışmada katılım bankalarının finansal performansı ile sukuk finansman aracı arasındaki ilişkinin ortaya koyulması amaçlanmıştır. Bu doğrultuda finansal performans göstergesi olarak aktiflerin karlılığı, öz sermaye karlılığı, net kar marjı, net kar ve likidite değişkenleri kullanılarak araştırma modeli kurulmuştur. Sukuk varlıkları bulunan ve verisine erişilebilen on ülke belirlenerek 2013:Q4 ile 2019:Q4 arasındaki 25 çeyrek dönem verileri panel veri analizine tabi tutulmuştur. Ekonometrik analizden elde edilen bulgulara göre analiz edilen ülkelerdeki sukuk varlıkları ile katılım bankalarının finansal performansı arasında istatistiksel olarak pozitif yönde bir ilişki olduğu tespit edilmiştir. Sonuç olarak, politika yapıcıları tarafından sukuk varlıklarına yönelik geliştirilecek yatırım projeleri ve hedeflemeler, katılım bankalarının finansal performansına önemli düzeyde katkı sağlayacağına işaret etmektedir.

References

  • ATİKA, A; Dwi SARASWATİ, Heriyati CHRİSNA, Hernawaty Anggi P. NASUTİON, Pipit Buana SARİ, Handriyani DWİLİTA, Yossie ROSSANTY ve Muhammad Dharma T. NASUTİON (2018), “Sukuk Fund Issuance on Sharia Banking Performance in Indonesia”, International Journal of Civil Engineering and Technology, 9(9), 1531-1545.
  • AWALUDİN, Taufik; Irfan Syauqi BEİK ve Rifki ISMAL (2016), “The Less-Interrested of Islamic Bank for Issuing Sukuk: Factors and Recommendations”, Walisongo, 24(1), 37-57.
  • BACHA, Obiyathulla Ismath ve Abbas MİRAKHOR (2013), Islamic Capital Markets A Comparative Approach, Singapur: John Wiley & Sons.
  • BİBİ, Sitara ve Fatima MAZHAR (2019), “An investigation of the Relationship between Sukuk and the Performance of banks of Pakistan”, Jurnal Wacana Islam dan Kemanusiaan, 19(1), 53-66.
  • BRAİMA, Bakhita Hamdow Gad Elkreem (2017), “Impact of Islamic Securitization (Sukuk) on Islamic Banks Liquidity Risk in Light of Basel III Requirements”, Journal of Finance & Banking Studies, 6(1), 85-100.
  • ÇİL, Nurgül (2018), Finansal Ekonometri, İstanbul: Der Yayınları.
  • ELHAJ, Mohamed Abulgasem; Nurul Aini MUHAMED ve Nathasa Mazna RAMLI (2015), “The Influence of Corporate Governance, Financial Ratios, and Sukuk Structure on Sukuk Rating”, Procedia Economics and Finance, 31, 62-74.
  • GUJARATI, Damodar N. ve Dawn C. PORTER (2014), Temel Ekonometri, Çev. Ümit Şenesen ve Gülay Günlük Şenesen, Beşinci Baskı, İstanbul: Literatür Yayıncılık.
  • HAMİD, Nurul Hidayah; Nor Balkish ZAKARİA ve Noor Hidayah AZİZ (2014), “Firm’s Performance and Risk with the Presence of Sukuk Ratings as Default Risk”, Procedia-Social and Behavioral Sciences, 145, 181-188.
  • HİSAN, Khairatun; Miyasto, Tatik MARİYANTİ ve Rifki ISMAL (2020), “The Effect of Assets and Liabilities on Sovereign Sukuk: ARDL Analysis for Islamic Bank”, International Journal of Business and Management Invention, 9(2), 59-65.
  • INTERNATIONAL ISLAMIC FINANCIAL MARKET-IIFM (2019), “Sukuk Raporu”, [Erişim Adresi: https://www.iifm.net/wp-content/uploads/2019/08/IIFM-Sukuk-Report-8th-Edition_4.pdf, Erişim Tarihi: 25.08.2020].
  • ISLAMIC FINANCIAL SERVICES BOARD-IFSB (2019), “Islamic Financial Services Industry Stability Report 2019” [Erişim adresi: https://www.ifsb.org/index.php, Erişim Tarihi: 30.08.2020].
  • ISLAMIC CORPORATION FORT THE DEVELOPMENT OF THE PRIVATE SECTOR-ICD (2019), “Islamic Finance Deveopment Report 2019”, [Erişim Adresi: https://www.zawya.com/mena/en/ifg-publications/231019121250Z/, Erişim Tarihi: 02.09.2020].
  • KHAN, Falak Athar ve Danish Ahmad SIDDIQUI (2018), “Islamic (Sukuk) vs. Conventional Financing Analysis of Profitability”, International Journal of Experiential Learning & CASE Studies, 3(2), 246-257.
  • KUTLAR, Aziz (2017), EViews ile Panel Veri Ekonometrisi Uygulamaları, Kocaeli: Umuttepe Yayınları.
  • LAHSASNA, Ahcene; M. Kabir HASSAN ve Rubi AHMAD (2018), Forward Lease Sukuk in Islamic Capital Markets Structure and Governing Rules, İsviçre: Palgrave Macmillan.
  • MİMOUNİ, Karim; Houcem SMAOUİ, Akram TEMİMİ ve Moh’d AL-AZZAM (2019), “The Impact of Sukuk on the Performance of Conventioanl and Islamic Banks”, Pacific-Basin Finance Journal, 54, 42-54.
  • SAAD, Noriza Mohd ve Mohd Nizal HANİFF (2011), “A Delve into Performance of Sukuk (Islamic Bonds) and Conventioanl Bonds Issued by PLC in Malaysia”, Europen Journal of Accounting Auditing and Finance Research, 1(4), 83-94.
  • SAİD, Ali (2011), “Does the Use of Sukuk (Islamic Bonds) Impact Islamic Banks Performances? A Case Study of Relative Performance during 2007-2009”, Middle Eastern Finance and Economics, 12, 65-76.
  • SARIKOVANLIK, Vedat; Ayben KOY, Murat AKKAYA, Hasan Hüseyin YILDIRIM VE Lokman KANTAR (2019), Finans Biliminde Ekonometri Uygulamaları Kavram Uygulama Analiz, Birinci Baskı, Ankara: Seçkin Yayınevi.
  • SEVÜKTEKİN, Mustafa ve Mehmet ÇINAR (2017), Ekonometrik Zaman Serileri Analizi, Beşinci Baskı, Bursa: Dora Yayıncılık
  • TARI, Recep (2018), Ekonometri, On Üçüncü Baskı, Kocaeli: Umuttepe Yayınları.
  • TÜRKİYE KATILIM BANKALARI BİRLİĞİ (2015), “Faizsiz Finans Standartları” [Erişim Adresi: https://www.tkbb.org.tr/documents/Yonetmelikler/FAIZSIZ-FINANS STANDARTLARI.pdf, Erişim Tarihi: 15.08.2020].
  • ZADA, Najeeb; Ahcene LAHSANA ve Muhammad Yusuf SALEEM (2016), On Sukuk Insolvencies: A Case Study of East Cameron Partner, İngiltere: Palgrave ve Macmillan.
Year 2020, Volume: 9 Issue: 18, 90 - 104, 04.01.2021

Abstract

References

  • ATİKA, A; Dwi SARASWATİ, Heriyati CHRİSNA, Hernawaty Anggi P. NASUTİON, Pipit Buana SARİ, Handriyani DWİLİTA, Yossie ROSSANTY ve Muhammad Dharma T. NASUTİON (2018), “Sukuk Fund Issuance on Sharia Banking Performance in Indonesia”, International Journal of Civil Engineering and Technology, 9(9), 1531-1545.
  • AWALUDİN, Taufik; Irfan Syauqi BEİK ve Rifki ISMAL (2016), “The Less-Interrested of Islamic Bank for Issuing Sukuk: Factors and Recommendations”, Walisongo, 24(1), 37-57.
  • BACHA, Obiyathulla Ismath ve Abbas MİRAKHOR (2013), Islamic Capital Markets A Comparative Approach, Singapur: John Wiley & Sons.
  • BİBİ, Sitara ve Fatima MAZHAR (2019), “An investigation of the Relationship between Sukuk and the Performance of banks of Pakistan”, Jurnal Wacana Islam dan Kemanusiaan, 19(1), 53-66.
  • BRAİMA, Bakhita Hamdow Gad Elkreem (2017), “Impact of Islamic Securitization (Sukuk) on Islamic Banks Liquidity Risk in Light of Basel III Requirements”, Journal of Finance & Banking Studies, 6(1), 85-100.
  • ÇİL, Nurgül (2018), Finansal Ekonometri, İstanbul: Der Yayınları.
  • ELHAJ, Mohamed Abulgasem; Nurul Aini MUHAMED ve Nathasa Mazna RAMLI (2015), “The Influence of Corporate Governance, Financial Ratios, and Sukuk Structure on Sukuk Rating”, Procedia Economics and Finance, 31, 62-74.
  • GUJARATI, Damodar N. ve Dawn C. PORTER (2014), Temel Ekonometri, Çev. Ümit Şenesen ve Gülay Günlük Şenesen, Beşinci Baskı, İstanbul: Literatür Yayıncılık.
  • HAMİD, Nurul Hidayah; Nor Balkish ZAKARİA ve Noor Hidayah AZİZ (2014), “Firm’s Performance and Risk with the Presence of Sukuk Ratings as Default Risk”, Procedia-Social and Behavioral Sciences, 145, 181-188.
  • HİSAN, Khairatun; Miyasto, Tatik MARİYANTİ ve Rifki ISMAL (2020), “The Effect of Assets and Liabilities on Sovereign Sukuk: ARDL Analysis for Islamic Bank”, International Journal of Business and Management Invention, 9(2), 59-65.
  • INTERNATIONAL ISLAMIC FINANCIAL MARKET-IIFM (2019), “Sukuk Raporu”, [Erişim Adresi: https://www.iifm.net/wp-content/uploads/2019/08/IIFM-Sukuk-Report-8th-Edition_4.pdf, Erişim Tarihi: 25.08.2020].
  • ISLAMIC FINANCIAL SERVICES BOARD-IFSB (2019), “Islamic Financial Services Industry Stability Report 2019” [Erişim adresi: https://www.ifsb.org/index.php, Erişim Tarihi: 30.08.2020].
  • ISLAMIC CORPORATION FORT THE DEVELOPMENT OF THE PRIVATE SECTOR-ICD (2019), “Islamic Finance Deveopment Report 2019”, [Erişim Adresi: https://www.zawya.com/mena/en/ifg-publications/231019121250Z/, Erişim Tarihi: 02.09.2020].
  • KHAN, Falak Athar ve Danish Ahmad SIDDIQUI (2018), “Islamic (Sukuk) vs. Conventional Financing Analysis of Profitability”, International Journal of Experiential Learning & CASE Studies, 3(2), 246-257.
  • KUTLAR, Aziz (2017), EViews ile Panel Veri Ekonometrisi Uygulamaları, Kocaeli: Umuttepe Yayınları.
  • LAHSASNA, Ahcene; M. Kabir HASSAN ve Rubi AHMAD (2018), Forward Lease Sukuk in Islamic Capital Markets Structure and Governing Rules, İsviçre: Palgrave Macmillan.
  • MİMOUNİ, Karim; Houcem SMAOUİ, Akram TEMİMİ ve Moh’d AL-AZZAM (2019), “The Impact of Sukuk on the Performance of Conventioanl and Islamic Banks”, Pacific-Basin Finance Journal, 54, 42-54.
  • SAAD, Noriza Mohd ve Mohd Nizal HANİFF (2011), “A Delve into Performance of Sukuk (Islamic Bonds) and Conventioanl Bonds Issued by PLC in Malaysia”, Europen Journal of Accounting Auditing and Finance Research, 1(4), 83-94.
  • SAİD, Ali (2011), “Does the Use of Sukuk (Islamic Bonds) Impact Islamic Banks Performances? A Case Study of Relative Performance during 2007-2009”, Middle Eastern Finance and Economics, 12, 65-76.
  • SARIKOVANLIK, Vedat; Ayben KOY, Murat AKKAYA, Hasan Hüseyin YILDIRIM VE Lokman KANTAR (2019), Finans Biliminde Ekonometri Uygulamaları Kavram Uygulama Analiz, Birinci Baskı, Ankara: Seçkin Yayınevi.
  • SEVÜKTEKİN, Mustafa ve Mehmet ÇINAR (2017), Ekonometrik Zaman Serileri Analizi, Beşinci Baskı, Bursa: Dora Yayıncılık
  • TARI, Recep (2018), Ekonometri, On Üçüncü Baskı, Kocaeli: Umuttepe Yayınları.
  • TÜRKİYE KATILIM BANKALARI BİRLİĞİ (2015), “Faizsiz Finans Standartları” [Erişim Adresi: https://www.tkbb.org.tr/documents/Yonetmelikler/FAIZSIZ-FINANS STANDARTLARI.pdf, Erişim Tarihi: 15.08.2020].
  • ZADA, Najeeb; Ahcene LAHSANA ve Muhammad Yusuf SALEEM (2016), On Sukuk Insolvencies: A Case Study of East Cameron Partner, İngiltere: Palgrave ve Macmillan.
There are 24 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Tolga Ergün

Publication Date January 4, 2021
Published in Issue Year 2020 Volume: 9 Issue: 18

Cite

APA Ergün, T. (2021). SUKUK VARLIKLARI VE FİNANSAL PERFORMANS İLİŞKİSİ: SEÇİLMİŞ ÜLKELERDEKİ KATILIM BANKALARI ÜZERİNE BİR ARAŞTIRMA. Global Journal of Economics and Business Studies, 9(18), 90-104.