YAPTIRIMLARIN İSLAMİ FİNANS SEKTÖRÜNE ETKİSİ: İRAN ÖRNEĞİ


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Authors

  • Ahmet Biçer Kuveyt Türk Katılım Bankası A.Ş.

Keywords:

Iran, sanctions, Islamic Finance, international relations

Abstract

Iran has played an important role by hosting one of the largest Islamic finance markets in the world. However, the existence of sanctions prevents Iran's Islamic finance sector from further growth and development in the international arena. In this sense, sanctions have had a negative impact on Iran's Islamic finance sector. This situation also affects efforts to modernise the banking system and introduce financial innovations in the country, limiting the potential growth of the sector.

Our study discusses the impact of international sanctions on Iran's Islamic finance sector, the current situation of the sector and the measures taken within the country to counter the sanctions, as well as possible developments in the sector post-sanctions. In this context, the lifting of sanctions and international cooperation alone will not be sufficient for the growth and development of the sector. Modernisation of the country's banking and financial system and reforms related to the sector should also be carried out. In this sense, the reliability and international recognition of the sector should be increased, technological developments should be adopted and policies and strategies that support economic growth should be developed.

Thus, the Iranian government's policies and strategies for the sector should be developed in a balanced manner at the international and domestic levels, and the options for increasing the credibility of the sector and exploiting international cooperation opportunities come to the fore. In this way, the Iranian Islamic financial sector will be able to achieve a more competitive and effective position in the world and make a significant contribution to the country's economic development.

Published

2023-06-07

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