The article covers the purpose, theoretical foundations and significance of sukuk emission in attracting capital from the international financial market. The different characteristics of sukuk from traditional bonds, the dynamics of change in the number of sukuk issuing countries and their distribution by country, the stages of circulation of sukuk certificates and the total volume of global short-term sukuk emissions have been analyzed. Proposals and recommendations for the introduction of sukuk are presented in Uzbekistan.

This article presents comprehensive information on sukuk, an Islamic security, which is considered an Islamic security, in which order it is emitted, and its introduction into financial markets, and various scientific works that describe its importance in the country's economy have been studied and analyzed. The study encompasses an exploration of international experiences in sukuk implementation, citing instances of its introduction into global financial markets. A thorough examination of 50 articles, sourced from both foreign and domestic scholars, was conducted via platforms such as ScienceDirect, Google Scholar, and other scientific databases. This scientific work synthesizes insights from 20 selected articles to provide a nuanced understanding of the subject.

The article examines the role of green bonds and their subtype, green mortgage-backed securities, in the global financial market, as well as the prospects for their application in Uzbekistan. Green bonds are increasingly used as an important financial instrument that enables investors to channel funds into environmentally sustainable projects. In the United States, green mortgage-backed securities issued by major agencies play a leading role in financing the energy-efficient housing market. The experience of Europe, Canada, and Australia likewise demonstrates the steady international development of this instrument. In Uzbekistan, the green mortgage market is only beginning to take shape, being gradually introduced through national strategies, pilot projects supported by international financial institutions, and commercial bank products. The research findings indicate that green mortgage-backed securities are not only a source of financial returns, but also an important mechanism for combating climate change and supporting the transition to a sustainable economy.

Green sukuk are Islamic securities issued to finance projects aimed at solving environmental problems. This article examines the current situation in Malaysia, which is one of the leaders in issuing green sukuk, its promising projects for the coming years, and the conditions created for investors. In the conclusion, the works carried out in this sector in Uzbekistan were also touched upon.

This article is dedicated to analyzing the dynamics of changes in sukuk, which are relatively new instruments in Islamic finance, from 2001 to 2022. It includes analyses of various classifications of sukuk. The reasons for changes that occurred during the past period are commented on. Conclusions on the established trends in sukuk are presented. The article also covers stable directions in this field in certain countries.