Yıl 2020, Cilt 2020 , Sayı 42, Sayfalar 7 - 40 2020-10-30

GCC ülkelerinde sukuk üzerine bir inceleme
An investigation of sukuk in the gcc countries

Ayfer GEDİKLİ [1] , Fatma ERDOĞAN [2] , Cihan Yavuz TAŞ [3]


1970’lerle birlikte özellikle muhafazakar müslümanların faizin haram olması ilkesinden hareketle alternatif bir finansman modeli konusunda artan taleplerini karşılamak üzere İslam ekonomisi ilgi görmeye başlamıştır. Öte yandan, sömüge sonrası dönemde, bağımsızlığını ilan eden Müslüman ülkeler ve kalkınma çabası içine giren diğer Müslüman topluluklar, yüksek düzeyde artan fon ihtiyaçlarını karşılamak üzere kaynak arayışı içine girmişlerdir. Petrolün küresel ekonomide önemli bir hammadde olması ve hızla artan fiyatları ile birlikte, 1970’lerden itibaren Suudi Arabistan, BAE, Katar, Bahreyn, Kuveyt ve Umman’dan oluşan Körfez İşbirliği Ülkeleri (GCC) ekonomik kalkınmalarını yer altı zenginliklerinin çıkartılması ve ihracına dayalı olarak gerçekleştirmişlerdir. Ancak bu ülkeler, 2000’li yıllarla birlikte yerel ve dış kaynaklı ekonomik ve siyasi şoklarla sarsılmışlardır. Gelirleri neredeyse tamamen doğal gaz ihracatına bağlı olan bu ülkelerin dış kaynaklı şoklara karşı ekonomilerini koruyabilmek için sektör çeşitlenmesine gitmeleri kaçınılmaz olmuştur. Islami finans ve İslami finansal enstrümanlar bu çerçevede giderek daha fazla dikkat çekmektedir. 2001-2002 döneminde ilk defa ihraç edilen sukuk, geçen 20 yıllık süre içinde küresel ölçekte en önemli İslami finansal araçlardan birisi haline gelmiştir. Bu çalışmada, sukukun GCC ülkelerindeki yeri yanında makroekonomik performans ve ekonomik büyümeye katkıları vaka analizi çerçevesinde incelenecektir. Çalışmada GCC ülkelerinde sukuk piyasasının önemli bir yeri olduğu ve bu ülkelerin makroekonomik performanslarına önemli bir fon kaynağı olarak katkı sağlayabileceği sonucuna ulaşılmıştır. Bölgede sukuk piyasasının gelişmesi sadece finansal piyasaların gelmişmesini sağlamakla kalmayacak aynı zamanda kamu ve özel sektöre sağlayacağı fonlarla ekonomik büyümeye katkı sağlayacaktır.
Since the 1970s, the GCC (Gulf Cooperation Council which is composed of Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman) members succeeded to have economic development through their natural resource endowment. Nevertheless, starting from the 2000s, they have been struggling with local and international economic and political shocks. It became indispensable to diversify their economies to protect their economies from unexpected external shocks. Islamic financial instruments, particularly sukuk offers alternative solutions to these countries. In this vein, this study focuses on sukuk and its possible role in the macroeconomic performance and sustainable economic growth of the GCC. As a relatively new Islamic financial instrument, sukuk was first issued in 2001-2002 for drawing funds from international funds. Since then, sukuk became one of the most crucial Islamic financial instrument in passing 20 years. The aim of this study is to pinpoint the benefits of sukuk practices for the the GCC economies and analyze how sukuk can contribute to the economic growth in the member countries. The anaysis will be based on the case study. It is concluded that sukuk market has a great potential to contribute to the macroeconomic performance of the GCC. Development of sukuk markets in the GCC will not only promote the financial inclusion but also induce economic growth.
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Birincil Dil en
Konular Sosyal
Bölüm Makaleler
Yazarlar

Orcid: 0000-0002-7128-1976
Yazar: Ayfer GEDİKLİ (Sorumlu Yazar)
Kurum: ISTANBUL MEDENIYET UNIVERSITY
Ülke: Turkey


Orcid: 0000-0003-2218-7315
Yazar: Fatma ERDOĞAN
Kurum: NAMIK KEMAL UNIVERSITY
Ülke: Turkey


Orcid: 0000-0002-2211-9614
Yazar: Cihan Yavuz TAŞ
Kurum: TRAKYA UNIVERSITY
Ülke: Turkey


Tarihler

Başvuru Tarihi : 24 Eylül 2020
Kabul Tarihi : 16 Ekim 2020
Yayımlanma Tarihi : 30 Ekim 2020

Bibtex @araştırma makalesi { bilimname799483, journal = {Bilimname}, issn = {1304-1878}, eissn = {2148-5860}, address = {}, publisher = {Erciyes Üniversitesi}, year = {2020}, volume = {2020}, pages = {7 - 40}, doi = {10.28949/bilimname.799483}, title = {An investigation of sukuk in the gcc countries}, key = {cite}, author = {Gedi̇kli̇, Ayfer and Erdoğan, Fatma and Taş, Cihan Yavuz} }
APA Gedi̇kli̇, A , Erdoğan, F , Taş, C . (2020). An investigation of sukuk in the gcc countries . Bilimname , İslami Ekonomi, Finans ve Etik , 7-40 . DOI: 10.28949/bilimname.799483
MLA Gedi̇kli̇, A , Erdoğan, F , Taş, C . "An investigation of sukuk in the gcc countries" . Bilimname 2020 (2020 ): 7-40 <https://dergipark.org.tr/tr/pub/bilimname/issue/57581/799483>
Chicago Gedi̇kli̇, A , Erdoğan, F , Taş, C . "An investigation of sukuk in the gcc countries". Bilimname 2020 (2020 ): 7-40
RIS TY - JOUR T1 - An investigation of sukuk in the gcc countries AU - Ayfer Gedi̇kli̇ , Fatma Erdoğan , Cihan Yavuz Taş Y1 - 2020 PY - 2020 N1 - doi: 10.28949/bilimname.799483 DO - 10.28949/bilimname.799483 T2 - Bilimname JF - Journal JO - JOR SP - 7 EP - 40 VL - 2020 IS - 42 SN - 1304-1878-2148-5860 M3 - doi: 10.28949/bilimname.799483 UR - https://doi.org/10.28949/bilimname.799483 Y2 - 2020 ER -
EndNote %0 Bilimname An investigation of sukuk in the gcc countries %A Ayfer Gedi̇kli̇ , Fatma Erdoğan , Cihan Yavuz Taş %T An investigation of sukuk in the gcc countries %D 2020 %J Bilimname %P 1304-1878-2148-5860 %V 2020 %N 42 %R doi: 10.28949/bilimname.799483 %U 10.28949/bilimname.799483
ISNAD Gedi̇kli̇, Ayfer , Erdoğan, Fatma , Taş, Cihan Yavuz . "An investigation of sukuk in the gcc countries". Bilimname 2020 / 42 (Ekim 2020): 7-40 . https://doi.org/10.28949/bilimname.799483
AMA Gedi̇kli̇ A , Erdoğan F , Taş C . An investigation of sukuk in the gcc countries. Bilimname. 2020; 2020(42): 7-40.
Vancouver Gedi̇kli̇ A , Erdoğan F , Taş C . An investigation of sukuk in the gcc countries. Bilimname. 2020; 2020(42): 7-40.
IEEE A. Gedi̇kli̇ , F. Erdoğan ve C. Taş , "An investigation of sukuk in the gcc countries", Bilimname, c. 2020, sayı. 42, ss. 7-40, Eki. 2020, doi:10.28949/bilimname.799483