THE ROLE OF ISLAMIC COOPERATION FOR DEVELOPMENT AND UZBEK FINANCIAL INSTITUTIONS IN ISLAMIC FINANCING
DOI:
https://doi.org/10.55640/Keywords:
Islamic financing, Islamic cooperation for development, Shari'ah-Compliant Banking, Sukuk, Islamic Microfinance, Takaful, Islamic Investment Funds, Public-Private Partnerships, Islamic Development Bank (IsDB), Islamic financing Infrastructure.Abstract
This article explores the potential of Islamic financing in Uzbekistan, focusing on the development of Islamic financial institutions and the role of international collaboration in fostering the growth of the sector. With the country’s predominantly Muslim population, Uzbekistan should offer a promising market for Shari'ah-compliant financial products such as Sukuk, Islamic microfinance, Takaful, and Islamic investment funds. The article discusses the opportunities for Islamic financing in Some sectors such as infrastructure financing, financial inclusion, and corporate banking. It also identifies challenges, including the need for a comprehensive regulatory framework, financial literacy, and the development of necessary market infrastructure.
References
1.Fundamentals of Islamic Finance and Banking. Syeda Fahmida Habib. 2018. 217-pp.
2.Introduction to Islamic Banking and Finance. Brian Kettell. 2020
3.Dourtmes, S., Andrikopoulos, A. (2021). The Impact of Social Banking on Economic Development. Journal of Economics and Business, XXIV, 123.
4.Namoz o'g'li N. N. ACTUAL ISSUES OF ISLAMIC FINANCING IN THE CONTEXT OF REFORMS. (2024). Ustozlar Uchun, 1(4), 934-940
5.Nazarov Nodirjon Namoz o’g’li, and Sayfullaev Abdulaziz Obid o’g’li. (2023). Significance of islamic finance in financial market of uzbekistan. Academia Science Repository, 4(04), 132–139.
6.Nazarov Nodirjon Namoz o’g’li. (2023). Islamic banking: problems, solutions and prospectives. World Economics and Finance Bulletin, 21, 153-159. https://scholarexpress.net/index.php/wefb/article/view/2602
7.Nodirjon Nazarov, Barqaror rivojlanish konsepsiyasini amalga oshirishda islomiy va ijtimoiy moliyaviy institutlarning roli https://green-eco.uz/index.php/GED/issue/view/34
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.
