IMPROVING THE ORGANIZATIONAL AND LEGAL FOUNDATIONS OF ISLAMIC MICROFINANCE PRACTIC

How can Uzbekistan build a robust Islamic microfinance sector? This article addresses that question by examining the organizational and legal foundations required for such a transition. The study analyses the current landscape within the Republic of Uzbekistan, contrasting its existing legal gaps against established international regulatory models. The result is a targeted framework for institutional development. By identifying specific barriers, the research offers concrete, evidence-based recommendations to advance legislative reform, strengthen institutional capacity, and embed reliable Shariah compliance mechanisms.

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