Özet:

In recent years, factors such as population growth, crises, and epidemics have led to an increase in the social needs of the society and the social expenditures of the countries. The rise in social expenditures has led to budget deficits within various countries, thereby reducing fiscal flexibility. This development has underscored the need for innovative approaches to finance social expenditures, along with the emergence of potential investor bases, including impact investors. Social impact bonds, which emerged as a result of this necessity, have increased globally in recent years. Although resolving social problems with new financial methods is compatible with Islamic finance principles, Islamic financial institutions’ interest in innovative methods such as social impact bond and social impact sukuk has remained weak. The limited issuance of social sukuk are proof of this situation. Social impact sukuk, still a new financial instrument, has both advantages and disadvantages for countries. In this study, its potential in Türkiye has been investigated to benefit from the advantages of social impact sukuk. In conclusion, social impact sukuk has a significant potential for Türkiye. Creating the necessary legal regulations and frameworks to activate this potential is one of the important policy areas for Turkey.

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