The Determinants of Sukuk Markets: Evidence from Participation banks in Türkiye

Sukuk is the fastest growing interest-free financial instrument in Islamic finance market recent years. The development of sukuk, an asset-backed securitization, and analysis barriers to it have been subject many international academic studies recently. purpose this article determine effects on sukuk issued by participation banks Turkey. In context, parameters 2015Q1-2021Q4 periods were analyzed panel data method. Data variables Gross Domestic Product (GDP), exchange rate, interest unemployment, inflation, profit share rates, foreign direct investments, stock market, public expenditures, exports, bank size banking sector used analysis. TKBB), Turkish Statistical Institute (TUIK) Electronic Distribution System (EVDS) Central Bank Republic According results analysis, was concluded that relevant affected markets positively negatively. study one most comprehensive which affecting Turkey are discussed aimed add literature.