The Role Of Turkey In Global Islamıc Sukuk Issuance (2017-2023)

Due to their structure, interest-free financial institutions are required to carry out transactions that do not involve interest and involve risk and partnership. Sukuk is an interest-free financial instrument developed as an alternative to the securitization process used in the interest-based system. Sukuk is called " leasing certificates" in our country and is issued by Special Purpose Vehicle(SPV). Turkey has a considerable position at the global level in sukuk issuance. In the period between 2010, when our country made its first sukuk issuance, and January 2023, it has issued sukuk worth approximately 45 billion dollars globally in total. In our study, the historical development process, operation and types of sukuk financing are included, sukuk issuances made on a global scale in the 6-year period from 2017 to 2023 are examined quantitatively and Turkey's role in these rates is evaluated.