Özet:

The successive crises experienced in global financial system since late 20th century have caused degrading of confidence entrusted to capitalist financial system. This situation has triggered new explorations both in national and global financial system. The fact that Islamic financial sector has not been greatly affected from global financial crisis has increased the interest on Islamic financial sector. It is a reality that petro-dollar assets of Islamic world had a great effect behind this increase in the interest. When the desires of western financial sector to protect against financial crises and to incorporate the petro-dollar rich Islamic world into global financial system have combined with desires of Islam society to utilize their existing savings, they gave way to necessity to develop new and effective financial instruments that are sharia compliant. As a result of innovative efforts in Islamic finance the SUKUK structure, which has been approved by sharia scholars, has made progress. Sukuks are interest-free bonds and they represent participant based structures that provide risk sharing. By analyzing outlook of Islamic financial sector within the global finance, this study aims to conduct a literature review about the SUKUK, which is the innovative face of this sector.

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