THE ROLE OF ISLAMIC BANKING PRODUCTS IN EXPANDING FINANCIAL INCLUSION IN UZBEKISTAN
DOI:
https://doi.org/10.5281/Keywords:
Islamic banking, Islamic finance, banking products, Shariah-compliant finance, Murabaha, Mudarabah, Musharakah, Ijarah, Sukuk, Takaful, financial inclusion, commercial banks, banking innovation, sustainable finance, Uzbekistan.Abstract
The introduction of Islamic banking products has become an important strategic direction for diversifying financial services and improving the competitiveness of the banking sector. This study examines the prospects for expanding banking products through the implementation of Shariah-compliant financial instruments in Uzbekistan. The research analyzes the economic characteristics and practical applications of major Islamic banking products, including Murabaha, Mudarabah, Musharakah, Ijarah, Sukuk, and Takaful, while evaluating their potential contribution to financial inclusion, investment growth, and sustainable economic development. The study employs comparative, analytical, and statistical research methods to assess international best practices and identify the institutional, regulatory, and operational prerequisites for the successful development of Islamic banking.
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