IMPROVING THE ORGANIZATIONAL AND LEGAL FOUNDATIONS OF ISLAMIC MICROFINANCE PRACTICE
DOI:
https://doi.org/10.5281/zenodo.19677776Keywords:
Islamic microfinance, Shariah compliance, organizational-legal framework, microfinance regulation, financial inclusion, Uzbekistan, Central Asia, murabaha, musharaka, waqf.Abstract
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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