Abstract:

The Islamic finance, whose first modern applications based on 40 years before time, is defined as application of the principles and rules of Islam on the financial operations. The Islamic finance sector that comprises of Islamic banking, insurance and capital market, has recorded an important development with a 10-15% rate of growing and has started to be seen as an alternative financial agency model. Even though this model cannot be accepted as completed and matured together with its all components, especially the studies that are being carried on by many countries are giving us idea about that growing on the Islamic finance sector will continue at the forward years and will be more competitive. Islamic finance sector, even though has appeared because of the religious reasons, it has also been able to take the attention of the investors out of the members of Islam religion. Sukuk, with no doubt, has been the one that has taken the biggest share from this interest. “Sukuk” that can be deemed as today’s basic instrument of the Islamic financial system is a securities that shows owning to an entity and right of benefiting from that. At this study, primarily, development of the Islamic Finance all ever the world will be handled and then types of the sukuk operations as an Islamic Finance application and its applications at Turkey will be investigated. 

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