INVESTMENT POTENTIAL OF THE TAKAFUL SYSTEM AND ITS INTEGRATION INTO THE ISLAMIC CAPITAL MARKET

Аннотация

This thesis analyzes the investment potential of the Takaful insurance system and its integration opportunities into the Islamic capital market. The study examines Sharia-compliant investment activities of Takaful companies, their participation through sukuk and Islamic funds, as well as integration into local and international financial infrastructure. Using Uzbekistan as a case study, the analysis explores factors such as digital innovations, regional cooperation, the activity of Shariah supervisory boards, and financial stability. As a conclusion, the paper justifies the role of Takaful not only as a means of social protection but also as a significant investment player in the capital market. Keywords: Takaful, Islamic insurance, investment potential, sukuk, Shariah- compliant capital market, Islamic financing, digital innovation, integration, Shariah governance, regional cooperation, financial stability.