@article{article_1659088, title={THE SUKUK - GDP RELATIONSHIP AND CORPORATESOVEREIGN SUKUK DISTINCTION: EVIDENCE FROM NON-ISLAMIC AND ISLAMIC COUNTRIES}, journal={Çukurova Üniversitesi Sosyal Bilimler Enstitüsü Dergisi}, volume={34}, pages={1588–1598}, year={2025}, DOI={10.35379/cusosbil.1659088}, author={Osanmaz, Melek Nur and Ekşi, İbrahim Halil and Gürsoy, Samet and Bilir, İfet}, keywords={Sukuk, Ekonomik Büyüme, İslami Olmayan Ülkeler ve İslam Ülkeleri, Kurumsal-Kamu Farkı}, abstract={At present, sukuk is an important financial instrument issued by governments, companies and banks in both Islamic and non-Islamic countries. In this context, the effects of sukuk issuances on national economies are an important research topic, especially in terms of whether they differ according to the type of issuer. The main purpose of this study is to analyze the economic impacts of sukuk issuances comparatively in the context of sovereign and corporate issuers. Aiming to contribute to the literature, this study examines the economic effects of sukuk from the perspective of issuer ownership and examines sovereign and corporate sukuk issuances as two separate categories. In addition, the analysis evaluates these effects within the framework of both Islamic and non-Islamic country samples. In this context, multiple regression analysis was applied to data from seven Islamic and seven non-Islamic countries for the period 2007-2023. The findings reveal that sovereign sukuk issuances in Non-Islamic countries have a statistically significant and negative impact on the Gross Domestic Product (GDP). In contrast, it was found that corporate sukuk issuances have a positive impact on the GDP of non-Islamic countries. On the other hand, it was concluded that sovereign sukuk issuances have a significant and positive impact on GDP in Islamic countries. These findings reveal that the economic effects of sukuk vary according to the structural and contextual characteristics of countries; therefore, such factors should be carefully considered in empirical analyses.}, number={2}, publisher={Çukurova Üniversitesi}