This article examines the significance, necessity, and relevance of introducing Islamic financial services in our country, as well as analyzes the opportunities and advantages of developing the use of Islamic financial services in the Republic of Uzbekistan and the prospects for their further improvement. In particular, the article highlights the existing problems in the development of Islamic financial services in Uzbekistan and presents the authorʼs recommended approaches and proposals for addressing these challenges

The global Islamic finance industry, now exceeding USD 4.5 trillion in assets, operates under a distinct audit governance framework that remains underexplored in comparative regulatory scholarship. This study examines the trajectory of audit standardization within Islamic financial institutions (IFIs), focusing on the standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) against the backdrop of the International Auditing and Assurance Standards Board (IAASB) of the International Federation of Accountants (IFAC). Drawing on documentary analysis, regulatory review, and a structured comparative methodology, the paper critically evaluates the current AAOIFI Auditing Standards for Islamic Financial Institutions (ASIFIs) alongside the proposed draft Standard on Auditing (SOA) 1 "Fundamentals of Auditing." Key findings reveal significant structural gaps in the AAOIFI framework, including the absence of a conceptual assurance framework analogous to the IAASB's International Framework for Assurance Engagements, outdated standards that have remained unchanged for over two decades, and an overly consolidated draft standard that risks impeding practitioner comprehension. The study proposes a set of actionable recommendations for AAOIFI reform, including the development of a standalone "AAOIFI Concept for Assurance Engagements," the urgent revision of ASIFI 1–3 and ASIFI 5, and the adoption of IAASB structural conventions. The findings carry particular relevance for jurisdictions actively developing Islamic finance regulatory environments, including Russia, Malaysia, Bahrain, and the Gulf Cooperation Council (GCC) states

The article discusses the issues, problems and significance of public-private partnerships in the education system. At the same time, analytical approaches are presented to the projects implemented in educational institutions on public-private partnerships, the effectiveness of financial resources, new financing privileges in public-private partnerships, and the privileges that should be provided when commercial bank loans are introduced into practice

This article analyzes the economic efficiency and organizational mechanisms of economic entities in developed countries. The results of the study show that the possibilities of creating a favorable financial environment for economic entities by studying foreign experiences and adapting them to the economy of our country were considered. At the same time, based on the results of the analysis, specific recommendations were developed in the areas of further improving state policy, introducing new financing mechanisms and eliminating existing problems

This article provides a comparative analysis of salam and istisna’ contracts. In particular, the comparative analysis examines the specific features of the contracts, their practical application and economic aspects. It also provides information on the structure and stages of financing public-private partnership (PPP) infrastructure projects based on musharaka-istisna-ijara.

The article analyzes the potential of the “green sukuk” instrument for financing sustainable development in Uzbekistan. It examines the country’s economic and financial situation, the current state of Islamic finance and the sukuk market, as well as the theoretical foundations of green sukuk. The study also identifies the challenges associated with introducing this instrument and outlines its prospects. Scientific conclusions and practical recommendations are provided regarding the implementation of green sukuk, including the development of an appropriate regulatory and legal framework.

The aim of this study is to analyse the formation of instrument-level, institutional, sectoral, and system-level competition in Uzbekistan’s financial market through the introduction of a dualistic financial system. Using a qualitative research approach, the study examines the institutional, legal, and economic implications of the dualistic model and explores its potential for enhancing competition. The findings indicate that the financial market remains insufficiently diversified, with financing sources relying predominantly on the banking sector. The study also identifies that the dualistic financial system may generate a new form of competition inter-system competition thereby improving efficiency within the financial services segment and contributing to market diversification. The research substantiates the institutional prerequisites, infrastructural requirements, and priority directions necessary for the implementation and sustainable development of this system