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Support From Participation Banking to Renewable Energy Projects: Proposal for the Convertible Musharakah Sukuk Model

Author

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  • Fatih Kazancı

    (İstanbul Sabahattin Zaim University)

Abstract

The aim of the article is to conduct research and make recommendations on how to increase the volume of products with high return expectations based on risk sharing in participation banking. Thanks to the "convertible musharakah sukuk" model proposed in the article, participation banks and sukuk investors can benefit from increasing the range of interest-free products based on risk sharing, bringing renewable energy facilities to the country, providing returns to sukuk investors with profit and loss sharing products, and allowing investors to continue earning returns by owning the shares of the relevant facility after the sukuk redemption date.

Suggested Citation

  • Fatih Kazancı, 2024. "Support From Participation Banking to Renewable Energy Projects: Proposal for the Convertible Musharakah Sukuk Model," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 39(121), pages 35-50, April.
    • Handle: RePEc:acc:malfin:v:39:y:2024:i:121:p:35-50
    DOI: https://doi.org/10.33203/mfy.1342941
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    More about this item

    Keywords

    Islamic Banking; Renewable Energy Finance; Sukuk; Convertible Musharakah Sukuk;
    All these keywords.

    JEL classification:

    • N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages

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