Exploring the Potential of Islamic Finance in Uzbekistan

Sattorova, Nasiba

Яшил иқтисодиёт ва тараққиёт · 2023-yil

Annotatsiya

This research explores the potential for Islamic finance to grow in Uzbekistan and its alignment with the principlesof the green economy. It assesses the performance of Islamic financial institutions in the country and identifies obstaclesto its development. Islamic finance has emerged as an alternative to conventional banking, attracting entrepreneurswith its fair profit distribution. Uzbekistan›s President Sh. Mirziyoyev recognizes the need for a legal framework to supportIslamic financial services. Globally, Islamic finance is a rapidly expanding sector, with annual profit growth of 15–20%and asset expansion exceeding 20%. By adopting Islamic finance principles, Uzbekistan can promote sustainable developmentin line with the green economy. Its focus on ethical investments and risk-sharing arrangements supportsenvironmentally friendly initiatives. To seize the opportunities presented, a comprehensive study and implementation ofIslamic finance in Uzbekistan are crucial, along with the examination of regulatory frameworks. The research methodologyinvolves a literature review, expert interviews, data collection, comparative analysis, and examination of regulatoryframeworks. Collaboration with institutions such as the Islamic Research and Training Institute (ITB) and the IslamicInvestment Insurance and Export Credit Corporation (IIIEC) supports the development of Islamic finance in Uzbekistan.Existing financial institutions like the IMAN Investment Fund and Taiba Leasing demonstrate the presence of Islamic financein the country. Addressing challenges, fostering collaboration, and embracing the principles of the green economywill enable Uzbekistan to utilize Islamic finance for sustainable development and attract foreign investments.

Maqola ma’lumotlari
MualliflarSattorova, Nasiba
JurnalЯшил иқтисодиёт ва тараққиёт
NashriyotТошкент давлат иқтисодиёт университети
ISSN2992-8982
Nashr sanasi2023-07-30
Jild1
Son7
TilIngliz
Ilmiy sohaIqtisodiyot
Indeksga qo‘shilgan2026-08-26

Maqolaning asl sahifasi

Kalit so‘zlar

Islamic finance, green economy, Uzbekistan, financial institutions, performance indicators, challenges.

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APASattorova, Nasiba (2023). Exploring the Potential of Islamic Finance in Uzbekistan. Яшил иқтисодиёт ва тараққиёт, 1(7). https://www.yashil-iqtisodiyot-taraqqiyot.uz/journal/index.php/GED/article/view/1187
GOST (OAK)Sattorova, Nasiba Exploring the Potential of Islamic Finance in Uzbekistan // Яшил иқтисодиёт ва тараққиёт. – 2023. – T. 1, № 7.
MLASattorova, Nasiba. “Exploring the Potential of Islamic Finance in Uzbekistan.” Яшил иқтисодиёт ва тараққиёт, 1(7), 2023. https://www.yashil-iqtisodiyot-taraqqiyot.uz/journal/index.php/GED/article/view/1187
ChicagoSattorova, Nasiba. “Exploring the Potential of Islamic Finance in Uzbekistan.” Яшил иқтисодиёт ва тараққиёт, 1(7) (2023). https://www.yashil-iqtisodiyot-taraqqiyot.uz/journal/index.php/GED/article/view/1187
HarvardSattorova, Nasiba (2023) ‘Exploring the Potential of Islamic Finance in Uzbekistan’, Яшил иқтисодиёт ва тараққиёт, 1(7). https://www.yashil-iqtisodiyot-taraqqiyot.uz/journal/index.php/GED/article/view/1187
BibTeX
@article{sattorovanasiba2023,
  title = {Exploring the Potential of Islamic Finance in Uzbekistan},
  author = {Sattorova, Nasiba},
  journal = {Яшил иқтисодиёт ва тараққиёт},
  year = {2023},
  volume = {1},
  number = {7},
  url = {https://www.yashil-iqtisodiyot-taraqqiyot.uz/journal/index.php/GED/article/view/1187}
}

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