Islamic Fintech – Future and Prospects
Alisher Urmanbekovich KHAZRATKULOVDepartment of Oriental Languages , Oriental University , UzbekistanMumin Rajabovich BABAZHANOVDepartment of ZAKT , International Islamic Academy of Uzbekistan , PhD , Uzbekistan Senior Lecturer,Mansur Alisherovich BerdimurodovDepartment of ZAKT , International Islamic Academy of Uzbekistan , PhD , Uzbekistan
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The article discusses the traditional financial system and its problems, the concept of Islamic fintech, its main characteristics and development directions. The application of modern information technologies in the Islamic financial system in accordance with Sharia law is analyzed, and the economic and social significance of Islamic fintech is emphasized. The limitations and prospects of Islamic fintech in the industry are also discussed.
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