TY  - JOUR
T1  - Exchange Rate Risk in Participation (Islamic) Banks in Turkey
AU - Mansour, Fatma AU - Dooukanly, Hatice 
JO  - International Business Management
VL  - 13
IS  - 2
SP  - 44
EP  - 48
PY  - 2019
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2019.44.48
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2019.44.48
KW  - Exchange rate risk in Turkey
KW  -exchange rate risk in participation banks
AB  - This study was designed to investigate Islamic hedging tools in participation (Islamic) banks to
mitigate exchange rate risk in Turkey during 2017. This study uses a qualitative approach to investigate hedging
instruments in participation (Islamic) banks against exchange rate risk. Data were collected using questionnaires
from the senior management of 5 Islamic banks which covers all of the Islamic banks in Turkey. The finding of
this study suggests that Murabahah agreements represent the most used Islamic contracts. Islamic finance
contracts that produce high rank of risk (Mudarabah and Musharakah) are less implemented in participation
banks than less risky contracts. This study is the first study which sheds the light on exchange rate risk and
Islamic hedging tools in participation banks (Islamic banks) in Turkey.
ER  -