Beyond Islamic Finance: Developing Disruptive and Collaborative Business Models in Modern Islamic Economic Thought - The Case of Konya Seker
The idea of modern Islamic economics institutionalized through the expansion of banking sector in the post-war period. While this provides some advantages in terms of catching up the global financial development, it also poses a serious threat since bank-based development leaves institutional develo...
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| Format: | Article |
| Language: | English |
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İLKE İlim Kültür Eğitim Vakfı
2022-08-01
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| Series: | Türkiye İslam İktisadı Dergisi |
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| Online Access: | https://tujise.org/content/6-issues/19-9-2/a3858/tuj3858.pdf |
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| _version_ | 1841561511357579264 |
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| author | İsa Yılmaz |
| author_facet | İsa Yılmaz |
| author_sort | İsa Yılmaz |
| collection | DOAJ |
| description | The idea of modern Islamic economics institutionalized through the expansion of banking sector in the post-war period. While this provides some advantages in terms of catching up the global financial development, it also poses a serious threat since bank-based development leaves institutional development in other sectors of real economy rudimentary. Recalling its initial promises to generate socioeconomic justice, Islamic economics aims to strengthen a collaborative economy understanding, which emphasizes authentic business initiatives that are disruptive in terms of thinking beyond the neoclassical market logic. This paper, accordingly, suggests the case of Konya Seker, a joint-stock company operating under Anadolu Birlik Holding, as a disruptive and collaborative business model that symbolizes a success story in Turkish business sector as to how a mediocre subsidiary of some beet growers’ cooperatives has eventually turned into an agricultural industry giant by pushing the limits of domestic economy and hence making inroads innternational business environment. Konya Seker’s model implies that a partnership-based collaborative business understanding disrupts the capitalist market structure through holding an equity-efficiency equilibrium, and hence offers fair distribution of profits amongst its stakeholders. In a wider sense, this model helps realize the old developmentalist promises of Islamic economics and suggests an alternative to the bank-based solutions to the socioeconomic problems of Muslim societies. |
| format | Article |
| id | doaj-art-b8fc26abeca049c99e20acdee70c0e5b |
| institution | Kabale University |
| issn | 2148-3809 |
| language | English |
| publishDate | 2022-08-01 |
| publisher | İLKE İlim Kültür Eğitim Vakfı |
| record_format | Article |
| series | Türkiye İslam İktisadı Dergisi |
| spelling | doaj-art-b8fc26abeca049c99e20acdee70c0e5b2025-01-03T01:34:39ZengİLKE İlim Kültür Eğitim VakfıTürkiye İslam İktisadı Dergisi2148-38092022-08-019211714310.26414/A3858Beyond Islamic Finance: Developing Disruptive and Collaborative Business Models in Modern Islamic Economic Thought - The Case of Konya Sekerİsa Yılmaz0https://orcid.org/0000-0001-7388-8539Istanbul Medeniyet UniversityThe idea of modern Islamic economics institutionalized through the expansion of banking sector in the post-war period. While this provides some advantages in terms of catching up the global financial development, it also poses a serious threat since bank-based development leaves institutional development in other sectors of real economy rudimentary. Recalling its initial promises to generate socioeconomic justice, Islamic economics aims to strengthen a collaborative economy understanding, which emphasizes authentic business initiatives that are disruptive in terms of thinking beyond the neoclassical market logic. This paper, accordingly, suggests the case of Konya Seker, a joint-stock company operating under Anadolu Birlik Holding, as a disruptive and collaborative business model that symbolizes a success story in Turkish business sector as to how a mediocre subsidiary of some beet growers’ cooperatives has eventually turned into an agricultural industry giant by pushing the limits of domestic economy and hence making inroads innternational business environment. Konya Seker’s model implies that a partnership-based collaborative business understanding disrupts the capitalist market structure through holding an equity-efficiency equilibrium, and hence offers fair distribution of profits amongst its stakeholders. In a wider sense, this model helps realize the old developmentalist promises of Islamic economics and suggests an alternative to the bank-based solutions to the socioeconomic problems of Muslim societies.https://tujise.org/content/6-issues/19-9-2/a3858/tuj3858.pdfkonya sekertorkuislamic economicsmuslim business practicespankobirlikanadolu birlik holdingislamic finance |
| spellingShingle | İsa Yılmaz Beyond Islamic Finance: Developing Disruptive and Collaborative Business Models in Modern Islamic Economic Thought - The Case of Konya Seker Türkiye İslam İktisadı Dergisi konya seker torku islamic economics muslim business practices pankobirlik anadolu birlik holding islamic finance |
| title | Beyond Islamic Finance: Developing Disruptive and Collaborative Business Models in Modern Islamic Economic Thought - The Case of Konya Seker |
| title_full | Beyond Islamic Finance: Developing Disruptive and Collaborative Business Models in Modern Islamic Economic Thought - The Case of Konya Seker |
| title_fullStr | Beyond Islamic Finance: Developing Disruptive and Collaborative Business Models in Modern Islamic Economic Thought - The Case of Konya Seker |
| title_full_unstemmed | Beyond Islamic Finance: Developing Disruptive and Collaborative Business Models in Modern Islamic Economic Thought - The Case of Konya Seker |
| title_short | Beyond Islamic Finance: Developing Disruptive and Collaborative Business Models in Modern Islamic Economic Thought - The Case of Konya Seker |
| title_sort | beyond islamic finance developing disruptive and collaborative business models in modern islamic economic thought the case of konya seker |
| topic | konya seker torku islamic economics muslim business practices pankobirlik anadolu birlik holding islamic finance |
| url | https://tujise.org/content/6-issues/19-9-2/a3858/tuj3858.pdf |
| work_keys_str_mv | AT isayılmaz beyondislamicfinancedevelopingdisruptiveandcollaborativebusinessmodelsinmodernislamiceconomicthoughtthecaseofkonyaseker |