Prospects for the Development of the Country's Economy through Islamic Financing Mechanisms

Authors

  • Ulugbek Rustamovich Кhalikov Tashkent State University of Economics Dean of the Faculty of “Business Governance”
  • Asqarjon Nishonovich Samadov Professor of the Department of Marketing of Tashkent State University of Economics
  • Akmal Ruzimamatovich Norov Professor of the Department of “Banking and Investment”of Tashkent State University of Economics
  • Nargiza Jamoliddin qizi Nosirova Associate Professor of the Department of “Business management and logistics” of Tashkent State University of Economics
  • Nazokat Utkurovna Amonova Senior Lecturer of the Department of “Banking and Investment” of Tashkent State University of Economics

DOI:

https://doi.org/10.51699/ajdes.v34i.824

Keywords:

commercial banking, Islamic banking system, traditional banking services, valley, mudoraba, resource, partnership, loan portfolio, diversification, Islamic principles

Abstract

The article analyzes through models that through the development of Islamic finance can not only increase bank income but also have a positive impact on the liquidity of commercial banks. The analyzes the introduction of Islamic finance and Islamic banking in Uzbekistan and provides practical recommendations.

References

Islamic Financial Services Industry Stability Report 2020, p 12.

Decree of the President of the Republic of Uzbekistan No. PF-4947 of February 7, 2017 "On the Action Strategy for the further development of the Republic of Uzbekistan";

Nichita, M., Kagitci, M., & Vulpoi, M. (n.d.). Islamic Banking System: The Case of the Kingdom of Saudi Arabia. Romanian Economic and Business Review 2013;

Islamic banking in South Asian Countries. Economia. Seria Management, 17(2), 223-237. Muhammad Tariq Majeed, & Abida Zanib. (2016). Efficiency analysis of Islamic banks in Pakistan. Humanomics, 32(1), 19-32. doi:10.1108/H-07-2015-0054;

Ahmad, W. (2008, October 6). Islamic banking in the United Kingdom: opportunities and challenges. Houssain Kettani Article in International Journal of Environmental Science and Development. January 2014;

Noor Ahmed Memon (2007). Islamic Banking: Present and Future Challenges, Journal of Management and Social Sciences,Vol. 3, No. 1, (Spring 2007) pp.01-10;

Baidaulet Yerlan. Basics of the ethical Islamic fnance. Almaty -2014;

Sheikh Muhammad Sadiq Muhammad Yusuf “Market and related issues” Hilal Publishing House 2019;

Nusrathujaev.X, “Raising Islamic finance awareness in Uzbekistan” Islamic finance news 2020 pp 17-18;

H. Hasanov The book "Fundamentals of Islamic Finance" Part 5 Chapter 13;

https://kun.uz/news/2020/12/29/ozbekistonda-islom-moliyasi-xizmatlarini-joriy-qilish-vaqti-keldi.

https://www.gazeta.uz/uz/2021/01/12/islam-finance.

https://islommoliyasi.uz/uz/isdb-meeting.

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Published

2023-10-31

How to Cite

Кhalikov U. R. ., Samadov, A. N. ., Norov , A. R. ., Nosirova, N. J. qizi ., & Amonova, N. U. . (2023). Prospects for the Development of the Country’s Economy through Islamic Financing Mechanisms. Academic Journal of Digital Economics and Stability, 34, 178–185. https://doi.org/10.51699/ajdes.v34i.824

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Section

Articles