THE ROLE OF ISLAMIC FINANCE IN  UZBEKISTAN’S ECONOMIC DEVELOPMENT STATISTIC INDICATORS

Durdona Nabiyeva; Abdulaziz  Sayfullaev

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Published: 2023-05-15

Keywords:

Islamic finance, Uzbekistan, economic development, alternative finance, social responsibility, profit-and-loss sharing, ethical investing, interest-free, riba, Shariah-compliant, speculative transactions, maisir, unethical practices, haram, risk-sharing, mudarabah, profit-sharing, musharakah, asset-based financing, ijara, sukuk, Islamic bonds, murabaha, Islamic mortgages, takaful, Islamic insurance, Islamic investment funds, Islamic microfinance, financial inclusion, poverty reduction, SME financing, agricultural financing, legal and regulatory framework, Central Bank, GDP, Islamic deposits.

Nabiyeva Durdona Dilshod qizi

Teacher, Tashkent institute of finance Department of Statistics and Econometrics

Sayfullaev Abdulaziz Obid o’g’li

Student of Tashkent institute of finance

Abstract

Islamic finance has gained increasing attention in recent years as a viable alternative to conventional finance. Uzbekistan, a country with a predominantly Muslim population, has been exploring the possibilities of incorporating Islamic finance into its financial system to promote economic growth and development. This article provides an overview of the current state of Islamic finance in Uzbekistan and examines its potential to contribute to the country's economic development.

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Issue

Vol. 3 No. 5 (2023): International Bulletin of Medical Sciences and Clinical Research

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Articles

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

THE ROLE OF ISLAMIC FINANCE IN UZBEKISTAN’S ECONOMIC DEVELOPMENT STATISTIC INDICATORS. (2023). International Bulletin of Medical Sciences and Clinical Research, 3(5), 147-154. https://researchcitations.com/index.php/ibmscr/article/view/1498

References

Hasan, Z., & Dridi, J. (2010). The challenges of Islamic finance. International Monetary Fund.

Aripova, S. (2018). Islamic finance in Uzbekistan: Current state and prospects of development. International Journal of Economics, Commerce and Management, 6(10), 1-13.

Hamdamov, A. (2017). Legal framework for Islamic finance in Uzbekistan. Journal of Islamic Banking and Finance, 4(2), 50-60.

Sayfullaev, A. (2023). Significance of Islamic Finance in Financial Market of Uzbekistan. Innovative Technologica Methodical Research Journal(132-139)

Farooq, M. O. (2011). Challenges facing Islamic banking. International Journal of Business and Social Science, 2(2), 1-9.

Sayfullaev, A. (2023). Significance of Islamic Finance in Financial Market of Uzbekistan. Innovative Technologica Methodical Research Journal(132-139)

Sayfullaev,A.(2023). Incorporating Islamic Principles into Uzbekistan’s Insurance Policies.

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