AN INVESTIGATION OF SUKUK IN THE GCC COUNTRIES

dc.authoridTas, Cihan Yavuz/0000-0002-2211-9614
dc.authorwosidGedikli, Ayfer/AFU-9015-2022
dc.authorwosidGedikli, Ayfer/KFB-6037-2024
dc.authorwosiderdoğan, fatma/HJY-1150-2023
dc.contributor.authorGedikli, Ayfer
dc.contributor.authorErdogan, Fatma
dc.contributor.authorTas, Cihan Yavuz
dc.date.accessioned2024-06-12T11:07:07Z
dc.date.available2024-06-12T11:07:07Z
dc.date.issued2020
dc.departmentTrakya Üniversitesien_US
dc.description.abstractSince 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.en_US
dc.identifier.doi10.28949/bilimname.799483
dc.identifier.endpage40en_US
dc.identifier.issn2148-5860
dc.identifier.issue2en_US
dc.identifier.startpage7en_US
dc.identifier.trdizinid457589en_US
dc.identifier.urihttps://doi.org/10.28949/bilimname.799483
dc.identifier.urihttps://search.trdizin.gov.tr/yayin/detay/457589
dc.identifier.urihttps://hdl.handle.net/20.500.14551/21905
dc.identifier.volume42en_US
dc.identifier.wosWOS:000586052400001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.publisherIlahiyat Bilimleri Arastirma Vakfien_US
dc.relation.ispartofBilimnameen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectIslamic Economyen_US
dc.subjectThe GCCen_US
dc.subjectSukuken_US
dc.subjectEconomic Growthen_US
dc.subjectMacroeconomic Performanceen_US
dc.titleAN INVESTIGATION OF SUKUK IN THE GCC COUNTRIESen_US
dc.typeArticleen_US

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