ISLAMIC FINANCE IN THE CONTEXT OF GLOBAL TRANSFORMATIONS: CHALLENGES AND OPPORTUNITIES FOR UZBEKISTAN

Nargiza E. Jiyanova, Shirin O. Abdumannopova

Innovation science and technologiy · 2025-yil

Annotatsiya

This article analyzes the development of Islamic fnance in Uzbekistan, with particular attention to its impacton the national economy. Islamic fnance, rooted in Sharia principles, is a vital and rapidly expanding segment of theglobal fnancial market, gaining traction in many countries, including Uzbekistan. The article examines global trends inIslamic fnance such as the role of sukuk, Islamic banks, and emerging technologies like FinTech and their influence oneconomic stability and the growth of small and medium-sized enterprises (SMEs). Special attention is paid to Uzbekistan’slegislative efforts aimed at building a sustainable and transparent fnancial system in line with Islamic standards. Thepaper also explores how Islamic fnancial instruments are used to attract investment into infrastructure projects andhighlights the contribution of international organizations, such as the International Islamic Trade Finance Corporation(ITFC), in supporting socially oriented and sustainable initiatives in the country. Overall, Islamic fnancial tools signifcantlyimpact the Uzbek economy by enhancing the diversifcation and resilience of the fnancial system, thereby serving as akey driver of economic growth and fnancial inclusion.

Maqola ma’lumotlari
MualliflarNargiza E. Jiyanova, Shirin O. Abdumannopova
JurnalInnovation science and technologiy
Nashr sanasi2025-03-31
Jild1
Son3
Betlar140-144
TilIngliz
DOI10.5281/zenodo.17427870

Kalit so‘zlar

Islamic fnance, Islamic banking, Islamic bonds, sukuk, Islamic insurance, takaful, murabaha, mudaraba, ijara.

Ilmiy soha

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