Fatma  Mansour, Hatice  Dogukanli, 
    Exchange Rate Risk Management in Participation (Islamic) and
Conventional Banks in Turkey: A Comparative Study,
    International Business Management,
    Volume 13,Issue 2,
    2019,
    Pages 37-43,
    ISSN 1993-5250,
    ibm.2019.37.43,
    (https://makhillpublications.co/view-article.php?doi=ibm.2019.37.43)
    Abstract: This study compares hedging Foreign exchange rate risk by derivatives between participation and
conventional banks in Turkey. Data has been collected from senior management of 44 selected banks through
questionnaires. The study used both primary and secondary data. Primary data was collected through
questionnaires from 5 Islamic banks and secondary data was collected from the financial reports of 39
conventional banks. The sample covers all of the Islamic and conventional banks. The findings of this study
show that participation (Islamic) banks are exposed more to exchange rate risk than conventional banks. In
addition, Islamic swaps were found to be the most important mechanism, however, swaps contract was found
to be the most important in conventional banks. This is the first study, that compares exchange rate exposure
degree and hedging strategies in participation and conventional banks in Turkey.
    Keywords: Exchange rate in Turkey;exchange rate risk;participation and conventional banks;Islamic;hedging;primary