THE ROLE OF ISLAMIC FINANCE IN UZBEKISTAN’S ECONOMIC DEVELOPMENT STATISTIC INDICATORS
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.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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References
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Sayfullaev, A. (2023). Significance of Islamic Finance in Financial Market of Uzbekistan. Innovative Technologica Methodical Research Journal(132-139)
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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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