The Role Of Turkey In Global Islamıc Sukuk Issuance (2017-2023)

Year 2024, Volume: 2 Issue: 2, 196 - 211, 24.12.2024

Şamil Aydın

Abstract

Due to their structure, interest-free financial institutions are required to carry out transactions that do not involve interest and involve risk and partnership. Sukuk is an interest-free financial instrument developed as an alternative to the securitization process used in the interest-based system. Sukuk is called " leasing certificates" in our country and is issued by Special Purpose Vehicle(SPV). Turkey has a considerable position at the global level in sukuk issuance. In the period between 2010, when our country made its first sukuk issuance, and January 2023, it has issued sukuk worth approximately 45 billion dollars globally in total. In our study, the historical development process, operation and types of sukuk financing are included, sukuk issuances made on a global scale in the 6-year period from 2017 to 2023 are examined quantitatively and Turkey's role in these rates is evaluated.

Keywords

Sukuk, İnterest-Free Finance, Leasing Certificates, Special Purpose Vehicle

Küresel İslami Sukuk İhracında Türkiyenin Rolü (2017-2023)

Abstract

Faizsiz finans kuruluşlarının yapıları gereği faiz içermeyen, risk ve ortaklık içeren işlemler gerçekleştirmeleri gerekmektedir. Bu işlemlerin başında sukuk finansmanı gelmektedir. Sukuk, faizli sistemde kullanılan menkul kıymetleştirme işlemine alternatif olarak geliştirilmiş faizsiz bir finansal araçtır. Ülkemizde kira sertifikası olarak anılmakta ve Varlık Kiralama Şirketleri tarafından ihraç edilmektedir. Türkiye, sukuk ihracı konusunda küresel düzeyde hatırı sayılır bir konuma sahiptir. İlk sukuk ihracını gerçekleştirdiği 2010 yılından 2023 yılı Ocak ayına kadar geçen süreçte küresel çapta toplamda yaklaşık 45 milyar dolar değerinde sukuk ihracı gerçekleştirmiştir. Çalışmamızda sukuk finansmanının tarihi gelişim sürecine ve işleyişine yer verilmiş, 2017 yılından 2023 yılına kadar geçen 6 yıllık sürede küresel çapta gerçekleştirilmiş olan sukuk ihraçları nicelik olarak incelenmiş ve Türkiye’nin bu oranlardaki rolü değerlendirmeye tabi tutulmuştur.

Keywords

Sukuk, Faizsiz Finans, Kira Sertifikaları, Varlık Kiralama Şirketleri

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