islemleri

Islemleri, also known as Islamic banking or Islamic finance, refers to a system of banking and finance that is based on Islamic law (Shariah). The primary objective of Islemleri is to ensure that all financial transactions are in accordance with the principles of Shariah, which prohibits riba (usury or interest) and gharar (uncertainty). Instead, Islemleri uses alternative financial instruments such as profit and loss sharing, cost-plus financing, and murabaha (cost-plus financing).

The concept of Islemleri emerged in the 1970s and 1980s as a response to the global financial crisis and the perceived moral and ethical issues associated with conventional banking practices. It gained significant traction in the 1980s when the International Islamic Financial Market (IIFM) was established in Malaysia. Since then, Islemleri has grown rapidly, with many countries establishing their own Islamic financial markets and regulatory frameworks.

Islemleri is practiced in various sectors, including banking, insurance, investment, and real estate. It is particularly popular in Muslim-majority countries such as Indonesia, Malaysia, and Saudi Arabia, as well as in other countries with significant Muslim populations. The global Islamic finance industry has seen substantial growth, with assets under management reaching over $1 trillion as of 2021.

Despite its growth, Islemleri faces challenges such as regulatory hurdles, competition from conventional finance, and the need for greater standardization and harmonization of Shariah-compliant products. However, it continues to attract investors and financial institutions seeking to align their practices with Islamic principles.