THE SITUATION AND DEVELOPMENT PROSPECTS OF ISLAMIC FINANCE IN CENTRAL ASIA

Authors

DOI:

https://doi.org/10.60078/3060-4842-2025-vol2-iss2-pp485-493

Abstract

This article describes Islamic finance current statue in Central Asian countries as well as analyses of its advantages and prospects. At the same time article provides information on analyses of Islamic Finance introduction in the Republic of Uzbekistan.

Keywords:

Islamic finance Islamic banking OIC IDB ICD Islamic windows

References

Aaoifi.com. (2024). Accounting and Auditing Organization for Islamic Financial Institutions. [online] Available at: https://aaoifi.com/announcement/aaoifi-successfully-concludes-the-20th-aaoifi-annual-shariah-boards-conference-in-bahrain-2/?lang=en [Accessed 4 Apr. 2025].

Global Islamic Finance Report 2024. (2024). Cambridge Institute of Islamic Finance London: United Kingdom. 63-p. 246 p.

Habibjonov U. (2024). The introduction of islamic finance in Central Asia and role in the economy. Nordic_Press 1 (0001), 72.

Isdb.org. (2025a). Kyrgyz Republic. [online] Available at: https://www.isdb.org/kyrgyz [Accessed 4 Apr. 2025].

Isdb.org. (2025b). Republic of Kazakhstan. [online] Available at: https://www.isdb.org/republic-of-kazakhstan [Accessed 4 Apr. 2025].

Isdb.org. (2025c). Republic of Uzbekistan. [online] Available at: https://www.isdb.org/uzbekistan [Accessed 4 Apr. 2025].

Islamic Finance Country report for Kazakhstan. A Collaboration between IsDB, AIFC, CSQ, IsDBI. September 2024. 40-p. 60 p.

Lex.uz. (2017). 371-сон 27.08.2003. Ўзбекистон Республикасининг Ислом тараққиёт банкига аъзолиги тўғрисида. [online] Available at: https://lex.uz/docs/245949 [Accessed 4 Apr. 2025].

Lex.uz. (2022a). 596-сон 21.12.2004. Ўзбекистон Республикасининг хусусий секторни ривожлантириш бўйича Ислом корпорациясига аъзолиги тўғрисида. [online] Available at: https://lex.uz/docs/400355 [Accessed 4 Apr. 2025].

Lex.uz. (2022b). O‘RQ-765-сон 20.04.2022. Nobank kredit tashkilotlari va mikromoliyalashtirish faoliyati to‘g‘risida. [online] Available at: https://lex.uz/ru/docs/-5972411?ONDATE=28.02.2024 [Accessed 4 Apr. 2025].

muslim.uz (2018). Ислом молия тизими Марказий Осиёда ривожланмоқда. [online] Muslim.uz. Available at: http://old.muslim.uz/index.php/rus/maqolalar/item/11077 [Accessed 4 Apr. 2025].

Nagimova, A.Z. (2022) Islamic Finance in the Post-Soviet Central Asia and Transcaucasia: The Evidence from Kyrgyzstan. Journal of Islamic accounting and business research. 13.8. 1197–1215.

Nagimova, A.Z. (2023) Islamic Finance in Kazakhstan: The View of Experts. Journal of Islamic accounting and business research.

Nbkr.kg. (2025). National Bank of the Kyrgyz Republic. [online] Available at: https://www.nbkr.kg/index1.jsp?item=80&lang=ENG [Accessed 4 Apr. 2025].

Sagiyeva R. K., Kuanova L. A. (2019) Analysis of Islamic Finance development in Kazakhstan: overview and prospects. Экономика: стратегия и практика, № 3 (14), 39-48.

Shirazi, N.S. (2022). “The Experience and the Prospects of Islamic Finance in Kazakhstan.” Qualitative research in financial markets. 14.3. 461–482.

Байдаулет Е.А. (2014). Основы этических (исламских) финансов, учебное пособие, Павлодар.

Беккин Р. (2022). Исламская экономическая модель и современность. Litres.

Хасанов, Х.В. (2017). Аҳлоқий (исломий) молиялаштириш тизими – инновацион молиялаштириш востиаси сифатида (Ўзбекистон ва МДҲ мисолида). Иқтисодиёт ва инновацион технологиялар. № 5.

Downloads

Published

How to Cite

THE SITUATION AND DEVELOPMENT PROSPECTS OF ISLAMIC FINANCE IN CENTRAL ASIA. (2025). In Advanced Economics and Pedagogical Technologies. https://doi.org/10.60078/3060-4842-2025-vol2-iss2-pp485-493