Prospects and Problems of Introducing Islamic Securities in the Financial Market of Uzbekistan

Abstract

This article examines the possibilities and problems of introducing Islamic securities to the financial market of Uzbekistan. Sharia-compliant Islamic securities are an alternative to traditional financial instruments and have been successfully introduced in various global markets. This study analyzes the feasibility of such implementation in Uzbekistan, taking into account the specific economic, cultural and regulatory environment of the country. The research emphasizes the importance of improving the existing legal framework and developing the financial infrastructure. By solving the existing problems, Uzbekistan can benefit from the introduction of Islamic securities, which will lead to a more inclusive and diversified financial market.

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