Evaluatıon of venture capital system in Turkey in terms of the investment tradıng processes and Islamıc law

Abstract

The funding system for cutting-edge innovations is the vibrant venture capital industry. To put it another way, it's an industry that has the potential to generate a lot of money and plenty of jobs for people. To engage in entrepreneurial activity means to go ahead into a novel and potentially lucrative field of commercial activity by making use of a particular method or set of tools. Most entrepreneurs are young, ambitious persons with unique skills and potentially lucrative ideas. Positive science owes a great deal to the Quran, which has several instances that served as a foundation. Examples of entrepreneurship include the methods employed by Yusuf, the achievements of Suleyman, and the use of wind energy. Islam recognises three types of partnerships used in the venture capital industry: contracts of exception (work contracts), faith partnerships (joint stock companies), and labor-capital partnerships (mudaraba). In this research, we assessed the efficacy of these cooperative arrangements by looking at instances from the Quran and Islamic history. There are partnerships or systems used in venture capital in Islamic law, such as contract of exception, partnership of faith and laborcapital partnership. It is important for the continuity of the system that the venture capital company creates a joint investment fund by investing in multiple areas (hybrid) instead of a risky area. The profit rate can be very high, but lies, fraud, monopoly formation and speculation should be avoided in the formation of this price.