The Nature of Islamic Banks and the Agreements Offered by Them

Аннотация

This article explains the concept and essence of Islamic banking, its differences from traditional banks and the specifics of the services they provide. Based on the results of the analysis, suggestions and recommendations were made to improve national legislation. At the same time, it is important to correct the misconceptions and perceptions of Islamic finance among citizens and businesses, in particular, about Islamic banks, to form a reliable fundamental knowledge in this area, as well as to develop a regulatory framework for Islamic banking and it was emphasized that this process should be done in parallel.