EVALUATION OF PARTICIPATION BANKING FUND RAISING-UTILIZATION METHODS AND CONTRIBUTIONS TO TURKEY ECONOMY
KATILIM BANKACILIĞININ FON TOPLAMA-KULLANDIRMA YÖNTEMLERİ VE TÜRKİYE EKONOMİSİNE KATKILARININ İNCELENMESİ

Author : Erdal ARSLAN -- Fatma AKACAN
Number of pages : 212-228

Abstract

In this study, which examined the fund raising-utilization methods and contribution of participation banking in Turkey's economy, participation banks are seen both in their systems and in the traditional banking system, that they provide an important contribution to macroeconomics. In particular, participation banks contribute to the revival of the real economy within the scope of real activities and projects. In addition, Participation Banks provide various contributions to the economy in order to prevent resource waste and resource shortages, to include savings into the system, to reduce financing costs and to increase employment, to contribute to the development of competition, to prevent tax losses. It is observed that the participation banks, which contribute to the real economy in an increasing manner in terms of the funds they use, are low on the basis of profit-loss. Participation banks cannot use all of the funding instruments developed in accordance with Islamic references to serve the basic purposes of Islamic economic understanding. Thus, participation banks, the real sector of Turkey's economy can not achieve the expected real contribution yet.

Keywords

Interest, Profit/Loss Sharing, Participation Banking, Interest-Free Banking

Read: 1,285

Download: 393