THE EFFECT OF MACROECONOMİC VARİABLES ON MURABAHA TRANSACTİON IN TURKEY: ARDL BOUNDS TEST APPLİCATİON BETWEEN 2010-2020

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Murabaha contract means that a commodity purchased in cash is sold on a forward basis by adding a certain profit margin on it. Today, the most common financing method used by participation banks is murabaha transactions. In this context, the aim of the study is to reveal how much the murabaha contract is affected by macroeconomic variables. In the study, the data set of quarterly murabaha, interest and inflation variables covering the period 2010.Q1- 2020.Q3 was analyzed using the EViews 10 package program. In order to determine the short and long-term relationship between variables, ARDL boundary test was applied and the causality relationship between them was demonstrated by Granger causality test. According to the results of the analysis, it is seen that interest has a negative and inflation has a positive effect on murabaha in the long and short term. According to the results of the Granger causality test, it was seen that interest and inflation were the cause of murabaha, thus reaching similar results with the ARDL boundary test results.

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Murabaha , Interest , Inflation , ARDL Bound Test , Granger Causality Test

Abant Sosyal Bilimler Dergisi

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Abant Sosyal Bilimler Dergisi