Citation Number
4
Views
65
Downloands
24
Sukuk, İslami finansta kullanılmak üzere geliştirilen faizsiz sermaye piyasası araçlarıdır. Sukuk, geleneksel tahvillere alternatif olarak geliştirilen ve yapı itibariyle geleneksel finansal piyasa araçları olan bono ve tahvillerden, varlığa dayalı menkul kıymet ve gelir ortaklığı senetlerinden farklı özelliklere sahip varlığa dayalı olarak çıkarılan ve varlıklar üzerinde ortak mülkiyet hakkını temsil eden İslam’a uygun sertifikalardır. Yatırımcısı tarafından ihtiyaç duyulan finansmanın sağlanması amacıyla piyasaya sürülen sukuk sertifikaları bir yönüyle tahvillere benzer gibi görünmektedir. Ancak tahviller yapı itibariyle borç senedi hükmünde olup yatırımcısına faiz geliri sunmakta iken, sukuk bir borç enstrümanı değildir, mutlaka bir varlığa dayalı olmak zorundadır ve yatırımcısına sabit bir faiz geliri değil dayanak varlıktan elde edilecek gelirden istifade hakkı sunmaktadır. Sukuk diğer yandan şirketlere ortaklık ve yönetim hakkı tanıyan şirket hisse senetlerinden de farklıdır. Sukuk sertifika sahiplerine sukuka konu edilen dayanak varlıklar üzerinde mülkiyet hakkı tanımakla birlikte bu mülkiyet hakkı, dayanak varlıklar üzerinde yönetim vb. haklar içermeyen sınırlı bir hak yapısına sahiptir.
Sukuk is an interest-free Capital market tool developed for use in Islamic finance. Sukuk is an Islamic compliant certificate, which is developed as an alternative to traditional bonds and which is based on asset-based securities with different characteristics from bond-based securities and revenue-share certificates, which are traditional financial market instruments by structure. It is seen that the bond certificates resemble bonds in order to provide the financing required by the investor. However, while bonds are indebted to the structure while investors offer interest income, the bond is not a debt instrument, but should be based on an asset and its investor, not a fixed interest income, but right to benefit from the income from the underlying asset. Sukuk, on the other hand, is also different from the company shares that give the company the right to partnership and management. Although the Sukuk may grant the right of ownership to the holders of the underlying rights subject to Sukuk, this right of ownership has a limited rights structure that does not contain any management exc. The underlying assets.
Sukuk is an interest-free Capital market tool developed for use in Islamic finance. Sukuk is an Islamic compliant certificate, which is developed as an alternative to traditional bonds and which is based on asset-based securities with different characteristics from bond-based securities and revenue-share certificates, which are traditional financial market instruments by structure. It is seen that sukuk certificates resemble bonds in order to provide the financing required by the investor. However, while bonds are indebted to the structure while investors offer interest income, sukuk is not a debt instrument, but should be based on an asset and its investor, not a fixed interest income, but right to benefit from the income from the underlying asset. Sukuk, on the other hand, is also different from the company shares that give the company the right to partnership and management. Although the sukuk may grant the right of ownership to the holders of the underlying rights subject to sukuk, this right of ownership has a limited rights structure that does not contain any management exc. rights on the underlying assets.
Field : Sosyal, Beşeri ve İdari Bilimler
Journal Type : Uluslararası
Article Detail 
Citation Owners
Similar Articles
Download PDF
Journal Information
Listen Paper
Print This Page
Share
Mendeley
