Mechanisms to Ensure Liquidity of Banks Through Islamic Financing

Nodir Khosiyatovich  Jumaev

doi:10.51699/ajdes.v34i.798

Authors

Nodir Khosiyatovich Jumaev Legislative Chamber of the Oliy Majlis of the Republic Of Uzbekistan Chairman of the Committee on Industry

DOI:

https://doi.org/10.51699/ajdes.v34i.798

Keywords:

Islamic finance mechanism, Islamic banking services, liquidity, commercial banking, personal income, sukuk, gross domestic product

Abstract

One of the services of Islamic finance, the second largest sector, through the development of law, not only increases bank income, but also has a positive effect on the liquidity of commercial banks.

References

Islamic Finance Development Report 2022: Shifting Dynamics. The Islamic Corporation for the Development of the Private Sector and Refinitiv, 102 p.;

Smaoui H. & Nechi S. (2017). Does sukuk market development spur economic growth? Research in International Business and Finance, 41, pp. 136-147;

Sukuk report: A comprehensive study of the global sukuk market. International Islamic Financial Market, July 2019, 8th edition. 184 p.;

Sukuk. Shariatsky standard №17 / Per. s Eng.; [Ed. Soviet: P.P. Vakhitov and dr.]; Org. bux. ucheta i audita islamskikh fin. uchrejdenii (AAOIFI). - M.: Islamskaya kniga, 2010. 40 p.;

Echchabi A., Abd.aziz H., Idriss U., 2016. Does sukuk financing promote economic growth? An emphasis on the major issuing countries. Turk. J. Islam. Econ. 3, pp. 63-73;

https://www.sciencedirect.com/search/advanced?tak=sukuk&articleType s=FLA

Zaher T.S. and Hassan M.K. (2001). A Comparative Literature Survey of Islamic Finance and Banking. Financial Markets, Institutions and Instruments. https://doi.org/10.1111/1759-3441.12230

Zulkhibri M. (2015). A synthesis of theoretical and empirical research on sukuk. Borsa Istanbul Review, 15, pp. 237-248;

Prepared by the author using Eviews software.

Mannan, M. A. (1983). “Islamic Economics as Social Science: Some Methodological Issues”, Journal of Research in Islamic Economics, 1(2), pp. 41-50.

Ahmad, Khurshid (1992), “Nature and Significance of Islamic Economics”, in Ausaf Ahmad and Awan (eds.), Lectures on Islamic Economics. Jeddah: Islamic Development Bank.

Siddiqui, M. N (1992). “History of Islamic Economic Thought”, in Ausaf Ahmed et al. (eds.), Lectures on Islamic Economics. Jeddah: IRTI-Islamic Development Bank.

Hasanuzzaman, S. M. (1984). “Definition of Islamic Economics”, Journal of Research in Islamic Economics, 1(2), pp. 51-53.

http://www.alpenassetadvisors.com/assets/images/Alpen-Capital-IslamicFinance-Industry-July-6-2021.pdf. Islamic Finance & Wealth Management 2021

Was formed by the author based on the results of econometric analysis.

The Global Competitiveness Report 2017–2018. Available at:

http://www3.weforum.org/docs/GCR2017 --2018/05FullReport/TheGlobalCompetitivenessReport2017%E2%80%932018.pdf.