THE CONCEPT OF ISLAMIC BANKING AND ITS ESSENCE IN THE BANKING SYSTEM OF UZBEKISTAN

Authors

  • Karimova Aziza Mahomadrizoevna Senior Lecturer, PhD, Samarkand Institute of Economics and Service
  • Ubaydullayev Bekhruz Sodirovich Student, Samarkand Institute of Economics and Service

DOI:

https://doi.org/10.17605/OSF.IO/CUKM8

Keywords:

Islamic banking, commercial bank, financing

Abstract

The Islamic financial sector today is one of the fastest growing sectors in the world and includes innovative financing mechanisms. The development of this network is especially important for Muslim-majority countries. This article discusses the essence and features of Islamic banking, the rules of operation, the main financial instruments of Islamic finance. In connection with the urgent need for banking sectors based on Islamic law and solving the problems of opening such banks in Uzbekistan, proposals are made for the establishment of Islamic banks in the Republic of Uzbekistan.

Downloads

Published

2022-04-30

How to Cite

Karimova Aziza Mahomadrizoevna, & Ubaydullayev Bekhruz Sodirovich. (2022). THE CONCEPT OF ISLAMIC BANKING AND ITS ESSENCE IN THE BANKING SYSTEM OF UZBEKISTAN. Open Access Repository, 8(04), 211–216. https://doi.org/10.17605/OSF.IO/CUKM8

Issue

Section

Articles