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THE ROLE OF ISLAMIC FINANCE IN A MARKET ECONOMY

Alijonova Zarnigor Alijon qiziThe student of Tashkent institute of finance

Zenodo (CERN European Organization for Nuclear Research)repository2022en

ABI

Abstract

<em>This paper aims to determine Islamic finance refers to investments that are permissible in accordance with Sharia, the Islamic law. Sharia law views money as a measuring tool for value and not an “asset” itself. “It does not permit receipt and payment of riba(interest), gharar (excessive uncertainty), maysir (gambling), short sales or financing activities that it considers harmful to society” (IMF website.) </em>

Topics

Islamic Finance and Banking Studies Halal products and consumer behavior Economic Growth and Development

Identifiers

DOI: 10.5281/zenodo.6550951

Citations and references

Cited by 00 references

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