ANALYSIS OF THE DUALISTIC FINANCIAL SYSTEM OF TURKEY AND THE UAE
Abstract
This article analyzes the current state of the financial markets of Turkey and the UAE, countries with dualistic financial systems. In particular, the article conducts a comparative analysis of the Islamic and conventional financial systems of Turkey and the UAE (United Arab Emirates), examining the state of participation of Islamic finance in the general financial market, the comparative state of participation of Islamic capital market, Islamic insurance market and Islamic investment funds in the financial market.
Keywords:
Turkey UAE dualistic financial system Islamic finance Islamic bank Islamic window conventional financeReferences
Abrorov S.Z., (2024) “Islom kapital bozori ekotizimini shakllantirish istiqbollari” monografiyasi, TDIU huzuridagi “O‘zbekiston iqtisodiyotini rivojlantirishning ilmiy asoslari va muammolari” ilmiy-tadqiqot markazi, “Demal” nashriyoti, 2024.
Abrorov S.Z., Adxamjonov Sh.B. (2022) Dualistik moliya tizimiga ega mamlakatlarda islom moliyasining tahlili. “Logistika va iqtisodiyot” ilmiy elektron jurnali, 3-son, 2022, 13-16 bet. www.eсonomyjournal.uz
Ali, R., & Omar, S. (2021). Dual finance systems: A theoretical and empirical study on Islamic and conventional finance integration. Asian Economic Policy Review, 8(4), 223-235.
Banking Regulation and Supervision Agency. (December 31, 2021). Banking Sector Data, Monthly Banking Sector Data; (https:// www.bddk.org.tr/BultenAylik).
Banking Regulation and Supervision Agency. (June 30, 2022). Banking Sector Data, Monthly Banking Sector Data; (https://www.bddk.org.tr/BultenAylik).
Beck, T., & Demirgüç-Kunt, A. (2019). Islamic versus conventional banking: A global perspective. World Bank Policy Research Working Paper, 8650, 1-29.
Hassan, M. K., & Mahlknecht, M. (2017). Islamic and conventional banking: A comparison of financial performance and risk management practices. International Journal of Islamic and Middle Eastern Finance and Management, 10(3), 298-315.
ICD-REFINITIV Islamic Finance Development Report (2023).
IFSB Secretariat workings based on PSIFIs, data culled from various RSAs’ websites, and annual financial reports of Islamic banks (2023).
Irgasheva G.S., Zayniddinov R. (2024) Ijara (islomiy lizing) va an’anaviy lizingning qiyosiy tahlili. Iqtisodiy taraqqiyot va tahlil ilmiy elektron jurnali 2 son - fevral, 2024.
Islamic Financial Services Board (2023). Islamic Financial Services Industry Stability Report; (https://www.ifsb.org/sec03.php).
Muhammad Jamal Haider, *, Gao Changchun, Tayyaba Akram, Syed Talib Hussain (2018) Exploring Gender Effects in Intention to Islamic Mobile Banking Adoption: an empirical study Arab Economic and Business Journal Volume 13, Issue 1, June, Pages 25-38.
Rahman, Z. (2019). Financial integration and stability: A model for integrating Islamic and conventional finance systems. Journal of Financial Markets, 20(3), 85-99.
Zayniddinov R. (2024) Islomiy va an’anaviy banklarning qiyosiy tahlili. “Moliya bozorini rivojlantirishning ustuvor yoʻnalishlari, zamonaviy tendensiyalari va istiqbollari” mavzusidagi 3-respublika ilmiy-amaliy konferensiyasi. 2024-yil mart. 472-476 b.
Zayniddinov R.X. (2023). O‘zbekistonda davlat-xususiy sherikchilik (DXSH) loyihalarida islomiy moli-yalashtirish konsepsiyasini asoslash va joriy etish. 1401-1410 betlar. https://yashil-iqtisodiyot-taraqqiyot.uz. 2023-yil, dekabr. No 11-12-sonlar.
