THE COMPARISON RETURN OF ISCOIN WITH THE OTHER RETURN OF ALTERNATIVE INVESTMENT INSTRUMENTS

Abdurrahman Çetin

doi:10.54863/jief.1141613

TR EN

Öz

Anahtar Kelimeler

Blokzincir , IsCoin , Kripto Para , Yatırım Getirisi , Bitcoin

ISCOIN’İN DİĞER YATIRIM ARAÇLARINA GÖRE KARŞILAŞTIRMALI GETİRİSİ

Öz

Paranın tarihçesi, takas ekonomisinden, madeni para, kâğıt para, itibari para, elektronik para ve sanal paraya geçiş şeklinde bir seyir izlemiştir. Blokchain teknolojisinin yaygınlaşmasından sonra 2011 yılından sonra finansal piyasaların en tartışmasız kripto paraları Bitcoin, Ethereum ve Ripple olmuştur. Küresel finansal piyasalarda alternatif ödeme sistemi ve yeni rezerv para oluşturma arayışları devam ederken İslami finansal piyasalarda da benzer arayışların olduğu ve konunun çözüme kavuşturulması ihtiyacı bulunduğu görülmüştür. Bu makalede, İslam Kalkınma Bankası tarafından helal kripto para olarak tasarlanacak olan Islamic Coin’in (IsCoin) güvenilir bir ödeme aracı şeklinde fıkha uygun bir biçimde nasıl tasarlanması gerektiği ele alınmıştır. Bu çalışmada Türk Lirasının, doların, euronun mevduat faizleri, altın, Borsa İstanbul ve Nasdaq, Bitcoin, Ethereum ile IsCoin getirileri karşılaştırılmıştır. Sonuç olarak, IsCoin getirisinin TL, Euro, Dolar ve Borsa İstanbul’dan daha iyi getiri sağladığı kanıtlanmıştır. Söz konusu getiri altının getirisine yakın, ama Bitcoin ve Ethereum’dan daha düşük gerçekleşmiştir. Ancak, pek çok İslam alimi kripto paralara yatırım yapmayı yüksek volatilite, belirsizlik, cehalet barınması ve sistemin kamunun denetiminde olmaması nedeniyle İslami Finans ilkelerine aykırı görmektedir.

Anahtar Kelimeler

Blokzincir , IsCoin , Kripto Para , Yatırım Getirisi , Bitcoin

THE COMPARISON RETURN OF ISCOIN WITH THE OTHER RETURN OF ALTERNATIVE INVESTMENT INSTRUMENTS

Abstract

The money has tracked a historical course from the barter economy, cash, fiat money, deposit, digital and crypto money. The widespread blockchain technology has managed to crypto money such as Bitcoin, Ripple and Ethereum being ubiquitous in financial markets after 2011. While the quest for new currencies and substitute payment systems in international economic markets have continued, it is observed that these progresses are appraised in terms of Islamic marketplaces, and a solution is needed in this area. Islamic Coin (IsCoin) was shown how the halal crypto money system has been designed with sharia compliance to current offers and suggests assurance in the markets as another payment system, which has been integrated by Islamic Development Banks (IDB). I comparatively examine Turkish Lira deposit interest, Euro and USD interest, Borsa Istanbul Stock Exchange (BIST), IsCoin, gold, NASDAQ, Bitcoin, and Ethereum return. This paper reveals that the return of the IsCoin is better than the return of Turkish Liras, Euro, USD Dollar, and BIST. However, the return of Bitcoin and Ethereum is better than IsCoin. Still, according to many Islamic scholars, these investment instruments have high volatility, and they have not accepted suitable investment tools due to sharia non-compliance risk.

Keywords

Blockchain , IsCoin , Crypto Money , Return of Investment , Bitcoin , Blokzincir , IsCoin , Kripto Para , Yatırım Getirisi , Bitcoin

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Details

Primary Language

English

Subjects

Economics

Journal Section

Research Article

Authors

Abdurrahman Çetin
0000-0002-4464-0822
Türkiye

Publication Date

December 31, 2022

Submission Date

July 6, 2022

Acceptance Date

December 24, 2022

Published in Issue

Year 2022 Volume: 8 Number: 2

DOI

https://doi.org/10.54863/jief.1141613

IZ

https://izlik.org/JA68EL76FN

APA

Çetin, A. (2022). THE COMPARISON RETURN OF ISCOIN WITH THE OTHER RETURN OF ALTERNATIVE INVESTMENT INSTRUMENTS. İslam Ekonomisi Ve Finansı Dergisi (İEFD), 8(2), 223-246. https://doi.org/10.54863/jief.1141613

Öz

Anahtar Kelimeler

ISCOIN’İN DİĞER YATIRIM ARAÇLARINA GÖRE KARŞILAŞTIRMALI GETİRİSİ

Öz

Anahtar Kelimeler

THE COMPARISON RETURN OF ISCOIN WITH THE OTHER RETURN OF ALTERNATIVE INVESTMENT INSTRUMENTS

Abstract

Keywords

References

Details

Primary Language

Subjects

Journal Section

Authors

Publication Date

Submission Date

Acceptance Date

Published in Issue

DOI

IZ

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