Islamic finance in the world and the reasons for the need of introducing it to Uzbekistan

Аннотация

Over the past few decades, Islamic finance has developed in very fast pace accupying big place in the world economy and the value of its assets is increasing rapidly day by day. This article aims to give brief information about what exactly Islamic finance is, investigate its role in the world economy and why it should be introduced to Uzbekistan. Comparative, event analysis, content analysis methods were used while writing this article. The benefits of Islamic finance for Uzbekistan, the develoments which will come after introducing it were concluded in this scientific work. This academic writing may be useful for economists and officials in making contribution to the development of Uzbekistan economy. Key words: Islamic finance, Islamic law, world economy, Traditional finance, Uzbekistan economy.