Education
1998 - 2004
1998 - 2004Doctorate
Bogazici University, İibf İşletme Bölümü, Finans, Turkey
1995 - 1997
1995 - 1997Postgraduate
The George Washington University, School Of Business, Accountıng & Taxatıon, United States Of America
1990 - 1992
1990 - 1992Postgraduate
Istanbul University, School of Business, Muhasebe & Denetim, Turkey
1986 - 1990
1986 - 1990Undergraduate
Istanbul University, School of Business, Turkey
Dissertations
2004
2004Doctorate
THE EFFECTS OF PUBLIC OWNERSHIP ON CORPORATE PERFORMANCE: EMPIRICAL EVIDENCE FROM TURKISH MANUFACTURING INDUSTRY
Bogazici University, İktisadi Ve İdari Bilimler Fakültesi, İşletme Bölümü
Research Areas
Social Sciences and Humanities
Financial Economics
Academic Positions
2014 - Present
2014 - PresentProfessor
Istanbul University, Faculty of Economics, Department of Business Administration
2007 - 2014
2007 - 2014Associate Professor
Sakarya University, Faculty Of Economıcs And Admınıstratıve Scıences, Department Of Busıness Admınıstratıon
2010 - 2012
2010 - 2012Associate Professor
Istanbul Commerce University, Faculty Of Busıness Admınıstratıon, Department Of Busıness Admınıstratıon
2006 - 2007
2006 - 2007Research Assistant
Mersin University, Faculty Of Economıcs And Admınıstratıve Scıences, Department Of Busıness
1998 - 2006
1998 - 2006Research Assistant
Bogazici University, Faculty Of Economıcs And Admınıstratıve Scıences, Department Of Busıness
Managerial Experience
2019 - Present
2019 - PresentAcademic Performance D. Board Member
Istanbul University, Faculty of Economics, Department of Business Administration
2016 - 2019
2016 - 2019Manager of Research and Application Center
Istanbul University
2016 - 2018
2016 - 2018Manager of Research and Application Center
Istanbul University, Faculty of Economics, Department of Business Administration
Non Academic Experience
2019 - Present
2019 - PresentDanışma Komitesi Üyesi
Türkiye Emlak Katılım Bankası AŞ, Danışma Komitesi Üyesi
2015 - Present
2015 - PresentDanışma Kurulu Üyesi
MÜSTAKİL SANAYİCİ VE İŞADAMLARI DERNEĞİ, Danışma Kurulu Üyesi
2007 - Present
2007 - PresentDR. ARAŞTIRMA GÖREVLİSİ
SAKARYA ÜNİVERSİTESİ, DR. ARAŞTIRMA GÖREVLİSİ
2015 - 2018
2015 - 2018MÜSİAD
Professional Association, MÜSİAD, Danışma Kurulu, MÜSİAD
2006 - 2007
2006 - 2007DR. ARAŞTIRMA GÖREVLİSİ
MERSİN ÜNİVERSİTESİ, DR. ARAŞTIRMA GÖREVLİSİ
1998 - 2006
1998 - 2006ARAŞTIRMA GÖREVLİSİ
BOĞAZİÇİ ÜNİVERSİTESİ, ARAŞTIRMA GÖREVLİSİ
Articles
2025
20251. The crisis resilience of optimal participation portfolios: A comparison with conventional counterparts on Borsa Istanbul
Karadağ T., SARAÇ M.
Borsa Istanbul Review
, vol.25, no.3, pp.533-540, 2025 (SSCI)
2024
20242. Factors affecting financial engineering and product development in Islamic Financial Institutions
Shaamirova S., SARAÇ M.
International Journal of Islamic and Middle Eastern Finance and Management
, vol.17, no.5, pp.1044-1063, 2024 (SSCI)
2021
20213. The problems with fractional reserve banking and proposing a shariah-compliant full reserve banking model
Tekdogan O. F., SARAÇ M.
ISLAMIC MONETARY ECONOMICS
, pp.133-153, 2021 (SSCI)
2020
20204. CIRCULAR ECONOMY, SUSTAINABLE DEVELOPMENT, AND THE ROLE OF ISLAMIC FINANCE
Hassan M. K., SARAÇ M., Alam A. W.
ISLAMIC PERSPECTIVE FOR SUSTAINABLE FINANCIAL SYSTEM
, pp.1-22, 2020 (SSCI)
2020
20205. ISLAMIC PERSPECTIVE FOR SUSTAINABLE FINANCIAL SYSTEM PREFACE
SARAÇ M.
ISLAMIC PERSPECTIVE FOR SUSTAINABLE FINANCIAL SYSTEM
, 2020 (SSCI)
2020
20206. PERCEPTION AND IMPLEMENTATION OF SUSTAINABILITY IN ISLAMIC FIRMS: A SURVEY ON INSTITUTIONAL CUSTOMERS OF ISLAMIC BANKS IN TURKEY
SARAÇ M., Altun F.
ISLAMIC PERSPECTIVE FOR SUSTAINABLE FINANCIAL SYSTEM
, pp.173-202, 2020 (SSCI)
2017
20177. INVESTING IN ISLAMIC STOCKS: A WISER WAY TO ACHIEVE GENUINE INTEREST-FREE FINANCE
Saraç M., Ülev S.
Journal of King Abdulaziz University: Islamic Economics , vol.30, pp.61-72, 2017 (Scopus)
2015
20158. Empirical Analysis of the Relationship between Global Gold Prices, the U.S. Supplemental Nutrition Assistance Program Expenditures and Baltic Dry Index
Sarac M., Zeren F., Basar R.
ISTANBUL UNIVERSITY JOURNAL OF THE SCHOOL OF BUSINESS
, vol.44, no.1, pp.12-20, 2015 (ESCI)
2015
20159. The dependency of Islamic bank rates on conventional bank interest rates: further evidence from Turkey
Sarac M., Zeren F.
APPLIED ECONOMICS
, vol.47, no.7, pp.669-679, 2015 (SSCI)
2014
201410. IS GOLD INVESTMENT AN EFFECTIVE HEDGE AGAINST INFLATION AND US DOLLAR? EVIDENCE FROM TURKEY
SARAÇ M., ZEREN F.
ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH
, vol.48, no.4, pp.319-330, 2014 (SCI-Expanded)
2013
201311. EXPLORING THE DEMAND SIDE ISSUES IN PARTICIPATION BANKING IN TURKEY: QUESTIONNAIRE SURVEY ON CURRENT ISSUES AND PROPOSED SOLUTIONS
SARAÇ M.
Afro Eurasian Studies , vol.1, pp.111-125, 2013 (Peer-Reviewed Journal)
2013
201312. THE EFFECT OF SOCCER PERFORMANCE ON STOCK RETURN: EMPIRICAL EVIDENCE FROM “THE BIG THREE” OF TURKISH SOCCER LEAGUE
SARAÇ M., ZEREN F.
Journal of Applied Finance and Banking , vol.3, no.5, pp.299-314, 2013 (Peer-Reviewed Journal)
2011
201113. BİREYSEL YATIRIMCILARIN RİSK ALMA EĞİLİMİNE ETKİ EDEN SOSYO-EKONOMİK VE DEMOGRAFİK FAKTÖRLERİN ANALİZİ
SARAÇ M., Kahyaoğlu M. B.
BDDK Bankacılık ve Finansal Piyasalar Dergisi,
, vol.5, no.2, pp.135-155, 2011 (Peer-Reviewed Journal)
2010
201014. MEASURING THE EFFECTIVENESS OF INTERNAL CREDIT RATING: AN APPLICATION ON A PARTICIPATION BANK
SARAÇ M.
International Research Journal of Finance and Economics , vol.2, no.53, pp.109-118, 2010 (Peer-Reviewed Journal)
2007
200715. DOES FUNDAMENTAL ANALYSIS MATTER FOR FOREIGN INVESTORS? AN EMPIRICAL ANALYSIS OF FOREIGN INVESTMENTS IN ISTANBUL STOCK EXCHANGE
SARAÇ M.
Journal of Economic and Social Research , vol.9, no.2, pp.37-59, 2007 (Peer-Reviewed Journal)
Papers Presented at Peer-Reviewed Scientific Conferences
2021
20211. Differentiation of Factors Affecting Performance in Credit Risk Management by Bank Type and Financing Sector: An Application on Turkey
Saraç M., Uzun S.
24. Finans Sempozyumu, Sakarya, Turkey, 20 - 23 October 2021, pp.627-643, (Full Text)
2019
20192. THE PROBLEMS WITH FRACTIONAL RESERVE BANKING AND PROPOSING A SHARIAH COMPLIANT FULL RESERVE BANKING MODEL
Saraç M., Tekdoğan Ö. F.
Islamic Economics Workshop with the theme of ‘Monetary Issues in Islamic Economics’, İstanbul, Turkey, 5 - 07 April 2019, pp.21-22, (Summary Text)
2016
20163. SÜRDÜRÜLEBİLİR KALKINMA İÇİN FAİZSİZ FİNANS SİSTEMİNİN ÖNEMİ VE GEREĞİ
SARAÇ M.
Uluslararası Yerel Kalkınma ve Finans Kongresi, Antalya, Turkey, 2 - 03 March 2016, vol.1, no.1, pp.89-99, (Full Text)
2015
20154. KATILIM BANKACILIĞININ GELENEKSEL BANKALARA YAKINSAMA SORUNU
SARAÇ M.
International Conference on Islamic Finance: The Present Situation and Future Challenges, Baku, Azerbaijan, 19 February 2015, vol.1, no.1, pp.154-162, (Full Text)
Books
2022
20221. İSLAM'A DUYARLI İŞLETMELERİN SÜRDÜRÜLEBİLİRLİK ALGISI ve UYGULAMASI: KATILIM BANKALARININ KURUMSAL MÜŞTERİLERİ ÜZERİNE BİR ARAŞTIRMA
SARAÇ M., ALTUN F.
in: DÖNGÜSEL EKONOMİ VE SÜRDÜRÜLEBİLİR HAYAT, Mehmet Bulut, Cem Korkut, Editor, TÜBA, Ankara, pp.175-211, 2022
2021
20212. ISLAMIC FINANCE and SUSTAINABLE DEVELOPMENT
Saraç M. (Editor)
Palgrave Macmillan, London , Zürich, 2021
2021
20213. Need to Redefine Islamic Finance in the Light of Maqasid Al-Shariah
Saraç M.
in: ISLAMIC FINANCE and SUSTAINABLE DEVELOPMENT, M. Kabir HASSAN,Mehmet SARAÇ,Ashraf KHAN, Editor, Palgrave Macmillan, Cham, Zürich, pp.11-34, 2021
2021
20214. Türkiye'nin Kalkınma Reformu: Faizsiz Finans Sisteminin Güçlendirilmesine Yönelik Öneriler
Taşcı F., Saraç M., Pehlivanlı D., Vergil H., Karaoğlu Ö.
in: Turkey's Development Reform: Suggestions for Strengthening the Interest-Free Finance System, Muhammed Erkam Kocakaya, Editor, İktisat Yayınları, İstanbul, pp.0-25, 2021
2020
20205. ISLAMIC PERSPECTIVE FOR SUSTAINABLE FINANCIAL SYSTEM
Saraç M. (Editor)
Istanbul University Press, İstanbul, 2020
2020
20206. Perception and Implementation of Sustainability in Institutional Customers of Islamic Banks: Empirical Evidence From Turkey
Saraç M.
in: ISLAMIC PERSPECTIVE FOR SUSTAINABLE FINANCIAL SYSTEM, Mehmet SARAÇ,M. Kabir Hassan, Editor, Istanbul University Press, İstanbul, pp.173-202, 2020
2020
20207. KISMİ REZERV BANKACILIĞI İLE İLGİLİ PROBLEMLER VE İSLAM HUKUKUNA UYGUN BİR TAM REZERV BANKACILIK MODELİ ÖNERİSİ
Saraç M., Tekdoğan Ö. F.
in: İSLAM İKTİSADINDA PARA, Taha Eğri,Zeyneb Hafsa Orhan, Editor, Nobel Yayın Dağıtım, İstanbul, pp.201-231, 2020
2018
20189. Risk Kavramı ve Yönetimine İslami Perspektiften Bakış
Saraç M.
in: Yaşayan Ve Gelişen Katılım Bankacılığı, Şakir Görmüş, Editor, Türkiye Şs Bankası Kültür Yayınları, İstanbul, pp.344-381, 2018
2018
201810. TEMEL BİR EKONOMİK SORUN OLARAK FAİZ
Saraç M.
in: İKTİSADİ HAYATTA VE İSLAM’DA FAİZ, Prof. Dr. Recep Cici Dr. Öğr. Üyesi Süleyman Sayar, Editor, Ensar Nesriyat, İstanbul, pp.143-160, 2018
Episodes in the Encyclopedia
Expert Reports
2024
20241. ANKARA 4. İDARE MAHKEMESİ HÂKİMLİĞİNE 2023/1458 SAYILI DAVA DOSYASI BİLİRKİŞİ HEYET RAPORU
Saraç M., Akgiray A. V.
Ankara 4. İdare Mahkemesi, pp.3, Ankara, 2024
2022
20222. İSTANBUL 7. ASLİYE TİCARET MAHKEMESİ 2020/270 NOLU DAVA BİLİRKİŞİ RAPORU
Saraç M.
İSTANBUL 7. ASLİYE TİCARET MAHKEMESİ, pp.6, İstanbul, 2022
2020
20203. İSTANBUL 5. ASLİYE TİCARET MAHKEMESİ 2017/592 NO'LU DAVA BİLİRKİŞİ EK RAPORU
Saraç M.
İSTANBUL 5. ASLİYE TİCARET MAHKEMESİ, pp.11, İstanbul, 2020
Other Publications
2022
20221. KÜRESEL EKONOMİYİ YENİDEN DÜŞÜNMEK - MÜSİAD 2022 TÜRKİYE EKONOMİ RAPORU
Saraç M.
Technical Report, pp.29-52, 2022
2019
20192. THE INTEREST OF NON-MUSLIM COUNTRIES AND INSTITUTIONS TO ISLAMIC FINANCE
Saraç M.
Other, pp.62-65, 2019
2015
20153. İSLAMİ FİNANSTA YENİ BİR ANLAYIŞIN GEREKLİLİĞİ VE ÖZGÜN MODEL ARAYIŞLARI
SARAÇ M.
Other, pp.54-56, 2015
Funded Projects
2016 - 2016
2016 - 2016INVESTING IN ISLAMIC STOCKS: A WISER WAY TO ACHIEVE THE GENUINE INTERESTFREE FINANCE
Project Supported by Higher Education Institutions , BAP Other
SARAÇ M. (Executive)
Activities in Scientific Journals
2017 - Present
2017 - PresentEmerging Markets Finance and Trade
Evaluation Committee Member
2017 - Present
2017 - PresentInternational Journal of Islamic and Middle Eastern Finance and Management
Evaluation Committee Member
2017 - Present
2017 - PresentInternational Journal of Islamic Economics and Finance Studies
Publication Committee Member
Peer Reviews in Scientific Publications
May 2020
May 2020INTERNATIONAL JOURNAL OF ISLAMIC AND MIDDLE EASTERN FINANCE AND MANAGEMENT
Journal Indexed in SSCI
May 2019
May 2019INTERNATIONAL JOURNAL OF ISLAMIC AND MIDDLE EASTERN FINANCE AND MANAGEMENT
Journal Indexed in SSCI
August 2018
August 2018BDDK Bankacılık ve Finansal Piyasalar Dergisi
Other Indexed Journal
November 2016
November 2016Applied Economics
Journal Indexed in SSCI
June 2016
June 2016Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi
National Scientific Refreed Journal
May 2016
May 2016INTERNATIONAL JOURNAL OF ISLAMIC AND MIDDLE EASTERN FINANCE AND MANAGEMENT
Journal Indexed in SSCI
April 2016
April 2016Emerging Markets Trade and Finance
Journal Indexed in SSCI
April 2016
April 2016Boğaziçi Journal
Other Indexed Journal
January 2016
January 2016Applied Economics
Journal Indexed in SSCI
May 2013
May 2013Emerging Markets Finance and Trade
Journal Indexed in SSCI
September 2012
September 2012Finans Politik ve Ekonomik Yorumlar Dergisi
National Scientific Refreed Journal
March 2012
March 2012Eurasian Journal of Business and Economics
Other Indexed Journal
Scientific Consultations
2018 - Present
2018 - PresentScientific Consultancy
TÜRKİYE EMLAK KATILIM BANKASI A.Ş.
Istanbul University, Faculty of Economics, Department of Business Administration, Turkey
2017 - Present
2017 - PresentScientific Consultancy
Müstakil Sanayici ve İşadamları Derneği
Istanbul University, Faculty of Economics, Department of Business Administration, Turkey
2015 - Present
2015 - PresentScientific Consultancy
İslam İktisadı Araştırma Merkezi
Istanbul University, Faculty of Economics, Department of Business Administration, Turkey
Congress and Symposium Activities
01 October 2016 - 01 October 2016
01 October 2016 - 01 October 2016INTERNATIONAL CONFERENCE ON ISLAMIC ECONOMICS and FINANCE
Attendee
Kuala Lumpur-Malaysia
01 September 2016 - 01 September 2016
01 September 2016 - 01 September 2016INTERNATIONAL CONFERENCE ON ISLAMIC ECONOMICS and FINANCE
Attendee
İstanbul-Turkey
01 April 2016 - 01 April 2016
01 April 2016 - 01 April 2016ISLAMIC ECONOMICS WORKSHOP
Attendee
-Turkey
01 April 2016 - 01 April 2016
01 April 2016 - 01 April 2016CONFERENCE ON “FUTURE OF ISLAMİC BANKİNG AND ECONOMİCS İN SEARCH OF NEW NORMAL”
Attendee
-Turkey
01 March 2016 - 01 March 2016
01 March 2016 - 01 March 2016INTERNATIONAL CONFERENCE ON LOCAL DEVELOPMENT and FINANCE
Attendee
Antalya-Turkey
01 June 2012 - 01 June 2012
01 June 2012 - 01 June 2012ULUSLARARASI İSTANBUL FİNANS KONGRESİ
Attendee
İstanbul-Turkey
01 September 2010 - 01 September 2010
01 September 2010 - 01 September 2010