ISLAMIC FINANCE AND FINANCIAL INCLUSION IN UZBEKISTAN

Authors

  • Qakhkhorova Mashkhura Student, Jizzakh Branch, National University of Uzbekistan

DOI:

https://doi.org/10.55640/

Keywords:

Islamic finance, financial inclusion, microfinance, small business, Shariah- compliant finance, Uzbekistan.

Abstract

 This  article   analyzes  the  role  of  Islamic   finance  in  promoting  financial

inclusion in Uzbekistan. The study examines the core principles of Islamic finance, Shariah- compliant financing instruments, and their impact on poverty reduction, microfinance, and small business  development.  Furthermore,  the  paper  discusses  opportunities  and  challenges  for expanding Islamic  finance  services  in  the  Uzbek  context.  The  findings  suggest  that  Islamic finance can serve as an effective mechanism to enhance financial inclusion and support socio- economic stability.

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References

1. Beck, T., Demirgüç-Kunt, A., & Maksimovic, V. (2013). Financing patterns around the world: Are Islamic banks different? Journal of Financial Economics, 105(1), 1–31.

2. El-Gamal, M. A. (2006). Islamic Finance: Law, Economics, and Practice. Cambridge University Press.

3. Iqbal, Z., & Mirakhor, A. (2011). An Introduction to Islamic Finance: Theory and Practice. John Wiley & Sons.

4. Hasan, Z., & Dridi, J. (2010). The Efects of the Global Crisis on Islamic and Conventional Banks: A Comparative Study. IMF Working Paper, WP/10/201.

5. Central Bank of Uzbekistan. (2022). Financial Stability Report. Tashkent: Central Bank of the Republic of Uzbekistan.

6. World Bank. (2021). Global Findex Database: Financial Inclusion Indicators. Washington, DC: World Bank.

7. Khan, T., & Ahmed, H. (2001). Risk Management: An Analysis of Issues in Islamic Financial Industry. Islamic Research and Training Institute, IDB.

8. Obaidullah, M. (2005). Islamic Financial Services. Jeddah: Islamic Research and Training Institute.

9. Chapra, M. U. (2008). The Global Financial Crisis: Can Islamic Finance Help Minimize the Severity and Frequency ofFinancial Crises? Islamic Economic Studies, 15(2), 1–25.

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Published

2026-01-30

Issue

Vol. 5 No. 01 (2026): Journal of Multidisciplinary Sciences and Innovations

Section

Articles

License

Creative Commons 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.

How to Cite

ISLAMIC FINANCE AND FINANCIAL INCLUSION IN UZBEKISTAN. (2026). Journal of Multidisciplinary Sciences and Innovations, 5(01), 2705-2708. https://doi.org/10.55640/

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