THE ROLE OF "GREEN SUKUK" IN THE PROCESS OF GREEN TRANSFORMATION IN UZBEKISTAN
DOI:
https://doi.org/10.60078/3060-4842-2025-vol2-iss6-pp242-247Abstract
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.
Keywords:
green sukuk Islamic finance sustainable development green economy capital market ESG investmentReferences
Asadov A. (2024) Empirical Analysis of Demand for Sukuk in Uzbekistan // Economies. – Vol. 12(8).
IIFM. (2020) Sukuk Report: A Comprehensive Study of the Global Sukuk Market. – 9th Edition.
Islamic Development Bank. (2020) Sustainable Finance Framework and Green Sukuk Programme. – Jeddah.
Komilov A., Hakimov A. (2021) Islamic Finance in Uzbekistan: History, Current State and Prospects // Journal of Islamic Banking and Finance.
Securities Commission Malaysia; (2019) World Bank. Islamic Green Finance: Development, Ecosystem and Prospects. – Kuala Lumpur/Washington DC.
World Bank. (2021) Global Report on Islamic Finance: Islamic Finance – A Catalyst for Shared Prosperity – Washington DC.
ПРООН. (2021) Ўзбекистон Республикасида «яшил сукук» чиқариш бўйича дастлабки техника–иқтисодий асослаш. – Тошкент.
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