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Türkiye'de Faizsiz Bankacılık Prensiplerine Uygun Teverruk Pazarı: Ürün İhtisas Borsası

Tawarruq Market in Turkey in accordance with the Principles of Interest-free Banking: Product Specialization Exchange

Fatih Kazancı

MPRA Paper from University Library of Munich, Germany

Abstract: Participation banks in Turkey use the “tawarruq” method to restructure their uncollectible receivables and the “commodity murabahah” method, which is a kind of tawarruq, to manage their liquidity. All participation banks to perform these operations use the London Metal Exchange (LME). The realization of tawarruq transactions through a commodity or metal exchange to be established in Turkey has been discussed in recent years. This article is about whether the product specialization stock exchange planned to be established in 2018 can contribute to Turkish participation banking and how it should work with a model if it is used in tawarruq and commodity murabahah transactions.

Keywords: Tawarruq; Commodity Murabahah; Product Specialization Exchange; Electronic Product Certificate (search for similar items in EconPapers)
JEL-codes: F30 G21 G24 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-ara and nep-isf
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Published in Journal of Islamic Economics and Finance 2018 4(1).4(1)(2018): pp. 17-47

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