Venture capital and analyzed in terms of Islamic law

This study discusses the financing methods of Venture Capital Investment Partnerships in the context of Islamic Law. These financing methods are basically in the form of buying shares and buying convertible bonds. While these financing methods are included in two main parts of the thesis, the legal status of the parties is examined in a separate section. In the first part of the study, in which research, discussion and comparison methods are used, venture capital, the concept of angel investor and its historical development; investment stages and exit strategies are examined. In the second part, the financing made by buying shares is examined. In this section, where stock types are explained, the fiqh evaluations of stocks are also included. In the third part, where convertible bonds are discussed, the nature of these bonds and their positive and negative aspects for the investor and issuer are mentioned. The fiqh analysis of the relationship between the parties is discussed in the fourth chapter. In this section, the musharakah partnership and mudaraba contract in Islamic Law are given in order to evaluate the financing made by buying shares. It has been seen in the literature that there is a similarity between venture capital and mudaraba contract. It has been discussed how compatible this similarity is with the Turkish practice. Convertible bonds are discussed in the context of qard in terms of Islamic Law. Due to the atypicality of the shareholding agreement in the practice of venture capital, it was concluded that it would not be possible to evaluate it under a certain contract in the sense of Islamic Law. Key words: Venture Capital Investment Partnership, Mudaraba, Inan, Qarz, Equities, Convertible Bonds.