Conversion of Conventional Banks into Islamic Banks and Evaluation about the Conversion Processes

Yıl 2018, Cilt: 4 Sayı: 2, 119 - 138, 31.12.2018

Abdurrahman Yazıcı

Öz

With the increase of Islamic financial activities in recent years around the world, the conversion of conventional banks into Islamic banking has gained momentum. However, there is need for a general and comprehensive guideline for the conversion processess. The objective of this study is to contribute to a conversion literature and to help creation of awareness for the conversion of conventional banks into Islamic banks. In addition to literature review and providing information about conversion forms and main motivations. This study analyses also the Shariah requirements, required mechanisms and main stages of the different conversion processes.

Anahtar Kelimeler

Conversion, Islamic Banking, Conventional Banks, Conversion Guideline, Conversion Mechanisms

Konvansiyonel Bankaların İslami Bankalara Dönüşümü ve Dönüşüm Süreci Üzerine Bir Değerlendirme

Öz

İslami bankacılık ve İslami finansal
aktivitelerinin son yıllarda artmasıyla birlikte konvansiyonel bankaların da
İslami bankacılığa dönüşümü hız kazanmıştır. Bununla birlikte dönüşüm sürecinde
ilgili usulleri, kuralları ortaya koyan genel geçer ve kapsamlı bir dönüşüm
süreci rehberinin olmaması da bir eksiklik olarak ortaya çıkmaktadır.
Konvansiyonel bankaların İslami bankacılığa dönüşümü noktasında bir farkındalık
oluşturmayı ve dönüşüm gerçekleştirecek, bankalara küçük bir rehber olma
noktasında katkı sağlamayı hedeflemektedir. Literatür değerlendirmesi, dönüşüm
şekilleri ve dönüşüm gerçekleştirecek bankaların temel motivasyonları hakkında
bilgi verildikten sonra özellikle dönüşüm sürecinin kısaca tahlil edilerek
ilgili mekanizma ve aşamalar ortaya konulmuştur.

Anahtar Kelimeler

Dönüşüm, Katılım Bankacılığı, Konvansiyonel Bankalar

Kaynakça

• AAOIFI. (2010a). Monetization (Tawarruq). Manama, Bahrain.AAOIFI. (2010b). Shariah Standard: Conversion of a Conventional Bank to an Islamic Bank. Manama, Bahrain.Abdulla er-Rabia, S. M. (1989). Tahawwulu’l-masrafi’r-rabavî ilâ’l-masrafi’l-Islami va muqtadayatihi. Camiatu Ummu’l-Kura.Ahmad, F., & Hussainey, K. (2015). Conversion into Islamic banks: Jurisprudence, economic and AAOIFI requirements. European Journal of Islamic Finance, 3(June 2016), 1–9. https://doi.org/10.13135/2421-2172/1111Akhtar, S. Pakistan Islamic Banking: Past, Present and Future Outlook (2007). Pakistan: State Bank of Pakistan.Al-Atyat, Y. (2007). Tahawwulu’l-masarifi’t-taqlidiyye li’l-amel vifka ahkâmi’ş-Şerîati’l-Islamiyye. Akademiyyetü’l-Arabiyya.Al-Mahmud, A. A. (2017). Dirâse Nazariyya ve’t-tatbîkiyya li’t-tahawwuli banki’t-taklîdî ilâ masrafi Islamî fi memleketi’l-Bahreyn. Manama, Bahrain.Alam, S. (2009). Islamic Finance: An Alternative to the Conventional Financial System? Korea Review of International Studies, 37–53. Retrieved from http://gsis.korea.ac.kr/wp-content/uploads/2015/04/12-1-03-Md.-Shafi-Alam.pdfAlani, F. S., & Yaacob, H. (2012). Traditional Banks Conversion Motivation into Islamic Banks: Evidence from the Middle East. International Business Research, 5(12), 83–98.Aswaysy, N., & Abo Homera, M. (2008). Islamic Financal Services Conference. In Tahawwulu’l-masarifi’t-taklidiyye fî Libya nahva’s-sayrafa’l-Islamiyye: Dırasa tatbıkıyya alâ masrafi’l-cumhûriyye va’t-ticâra va’t-tanmiya. Tripoli, Libya.Hasan, Z. (2016). Conversion of conventional banks into Islamic banks: The case of Bangladesh. International Journal of Ethics in Social Sciences, 4(1), 63–78.Hassan, H. H. (n.d.). Shariah Parameters and Preliminary Tasks for Transforming Conventional Banks Into Islamic. In 5th conference of The Shariah Boards of Islamic Financial Institutions AAOIFI. Manama, Bahrain.Hassan, H. H. (2002). Davri’l-muassasati’l-masrafiyya’l-Islamiyye fî’l-İstismâr ve’t-Tanmiya. In Hıttatu tahawwuli’l-banki’t-taqlîdî ilâ banki’l-Islâmî: Tacrubatu Masrafi’ş-Şârikati’l-Vatanî. Imarât: Câmiatu Şârika.Kumati, A. (2008). Commercial Banking in Libya and the Potential for Islamic banking. Durham University.Muhamad Mustafa, M. I. (2006). Takyîmu zâhiratu tahawwuli’l-bunûki’t-taklîdiyye li’l-masrafiyye’l-Islâmiyye: Dırâsa tatbîkiyye an tacrubati badi’l-bunûki’s-Suûdiyye. Al-Camiatu’l-Amerikiyye’l-Meftûh.Parveen, T., Zadeh, E. L., & MuzakkirSyed, A. (2015). Evolution of Islamic Banking in IRAN: Prospects and Problems. Journal of Business and Management (IOSR-JBM), 17(9), 61–66. https://doi.org/10.9790/487X-17926166Rabi, M. (2009). Masrafu’s-Salami’l-Islami Yastahwizu ala’l-Bank’il-Bahrayn. Al-Iktisadiyya.Rustum, M. S. (2014). Taqyîmu madahili tahawwuli’l-masârif’t-taqlîdiyya ilâ masârifi Islamiyya: Namuzaj muqtarah li’t-tatbiq alâ’l-masârifi’s-Sûriya. Câmiatu Haleb.Siraj, K., & Pillai, S. (2012). Comparative Study on Performance of Islamic BAnks and Conventional Banks in GCC Region. Journal of Applied Finance & Banking, 2(3), 123–161.State Bank of Pakistan. Guidelines for Conversion of a Conventional Bank into an Islamic Bank (2017). Pakistan, Islamabad.Ul-Hassan, M. (2007). The Islamization of the Economy and the Development of Islamic Banking in Pakistan. Kyoto Bulletin of Islamic Area Studies, 1–2, 92–109.World Bank. (2018). Turkey can Play a Leading Role in Islamic Finance. Islamic Finance Bulletin, 1–3.Yazıcı, A. (2018). Konvansiyonel Bankaların Katılım Bankacılığına Dönüşümüne Etki Eden Faktörler. In International Congress of Islamic Economy, Finance and Ethics (ISEFE) 2018. Istanbul.Zaki, F., & Hussainey, K. (2015). Conversion into Islamic banks: Jurisprudence, economic and AAOIFI requirements. European Journal of Islamic Finance, 3(June 2016), 1–9. https://doi.org/10.13135/2421-2172/1111