EXPLORING THE CHALLENGES OF INTRODUCING AN ISLAMIC BANKING IN UZBEKISTAN: AUSING A QUALITATIVE APPROACH
Abstract
Islamic Banking and Finance (IBF, hereafter) is based on the principles of Islamic law, which are referred to as Shairah, but it is also able to deal with commercial transactions as long as such transactions do not go against Islamic law. Nevertheless, in contrast to conventional banks, Islamic banks are guided by principles that require a reciprocal sharing of risk and profit between the parties involved, all the while guaranteeing that each transaction and commercial activity is conducted in a reasonable and fair manner.
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Published
03/26/2024
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EXPLORING THE CHALLENGES OF INTRODUCING AN ISLAMIC BANKING IN UZBEKISTAN: AUSING A QUALITATIVE APPROACH. (2024). Editions, 3(M), 458-459. https://doi.org/10.60078/2024-vol3-issM-pp458-459
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This work is licensed under a Creative Commons Attribution 4.0 International License.