DEVELOPMENT OF ISLAMIC FINANCE IN UZBEKISTAN: PROSPECTS AND PROBLEMS

Rasulova Nigora Nematovna     Abdullayev Akobir Afzaljonovich

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The journal provides the opportunity to the authors to publish their original research articles in Multidisciplinary field. Journal of Modern Educational Achievements is an open access peer reviewed monthly journal. The journal is refereed and follows the ethics and practices of ethical open access publishing. All the manuscripts received for publication passes through extensive double blind peer review process. The journal covers the multidisciplinary areas of Engineering, Technology, Management, Sciences and Humanities. Authors can submit their original manuscripts for peer review. This journal locates in the following adressy: Yavatmal city, 623727, India.

Published Apr 20, 2025

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Vol. 11 (2024): JMEA Journal of Modern Educational Achievements

Rasulova Nigora Nematovna Abdullayev Akobir Afzaljonovich

Abstract

This article analyzes the importance of Islamic finance in Uzbekistan
and its integration into the financial system. The principles of Islamic finance based
on Sharia rules and their contribution to socio-economic stability are studied. For
Uzbekistan, Islamic finance is gaining great importance not only as a new financial
instrument, but also as a means of ensuring financial inclusion for the poor in the
country. The article covers the current situation, development prospects and main
problems of Islamic finance.

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