This article analyzes the specific aspects of organizing the accounting for lease transactions in accordance with IFRS 16. In particular, it examines the recognition and presentation of the right-of-use asset and lease liability in the financial statements. The study explores the conditions for recognizing the right-of-use asset and lease liability, as well as the issues related to their disclosure in the notes to the relevant financial statements.

This article discusses lease relations in the context of implementing international standards, focusing on assets in the form of the right of use, the emergence and recognition of lease liabilities, their initial measurement, and accounting treatment. Both theoretical and practical aspects are illustrated using enterprise data.

This article provides information on the theoretical foundations, organizational and management system, and principles of practical application of the Islamic financial instrument Ijara (Islamic leasing), as well as the differences between Islamic and traditional leasing. In addition, Islamic finance in Uzbekistan, in particular, the practice of the ijara (Islamic leasing) contract and the possibilities of Islamic finance to attract domestic and foreign investments are presented.

This article explores the experience and practical analysis of using Islamic finance instruments with a focus on successful project case studies. It examines how key instruments such as mudaraba, musharaka, sukuk, and ijara have been applied in financing infrastructure, energy, and business projects across Muslim-majority countries, with particular emphasis on Malaysia and the Middle East. The study highlights that these instruments not only provide alternatives to conventional credit but also ensure ethical, risk-sharing, and sustainable approaches to financing. Lessons from successful projects are discussed for possible implementation in Uzbekistan.

This article discusses the application and modification of lease instrument, which is one of the services of Islamic finance. The important features of financing the lease transaction and the corresponding accounting policy and procedure are described and explained. In particular, it is emphasized that when using lease as an instrument of Islamic finance, the presence of an asset in the lease agreement, full provision of all descriptions and full fulfillment of the terms of the contract are among the most important aspects. In conclusion, it is substantiated that with this type of contract, the amount of fair rent does not lead to unjust enrichment as a result of the exchange of opposite values.

This article examines the economic essence of the performance efficiency of Islamic financial institutions, their role in the modern financial system, and their significance in financing the real sector of the economy. The paper analyses the fundamental principles of Islamic finance, including the prohibition of riba, gharar and maysir, the reliance of financial transactions on real assets, the equitable distribution of profit and loss, and the compliance of financial operations with Shariah requirements. Particular attention is paid to the economic content, operational mechanisms, risk characteristics and profitability potential of Islamic financial instruments such as musharakah, mudarabah, murabahah, ijarah, salam, istisna, sukuk, qard hasan and takaful. The study substantiates the role of Islamic financial institutions in expanding financial inclusion, supporting small and medium-sized enterprises, financing investment projects and reducing systemic financial risks. The AAOIFI and IFSB international standards are considered important methodological foundations for the legal, accounting and prudential regulation of Islamic financial institutions. The article argues that the efficiency of Islamic financial instruments is reflected in their ability to distribute risks fairly, ensure asset-backed financing, strengthen social responsibility and contribute to sustainable economic development.

This article analyzes the current state, prospects, and current problems of business financing based on Islamic finance principles in Uzbekistan. Information is provided on the practical application of such instruments as murabaha, ijara, musharaka, mudaraba, their distribution and implementation by financial institutions. Islamic finance services are also analyzed using the example of the activities of Islamic leasing (Taiba Leasing), fintech (IMAN) and Islamic insurance (Apex Insurance) organizations. The article thoroughly covers obstacles such as the legal framework, infrastructure, financial literacy of the population, and staff shortage of Islamic finance. The importance and promising directions of cooperation with foreign experience and international organizations are indicated. Therefore, the article can have practical significance for scientific researchers, government bodies, and Islamic finance institutions.

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.

This article examines the unique aspects of the experience of some countries in creating a legal framework for Islamic banks, which have gained their place in the global financial market and have shown stable growth rates. Scholarly commentary is presented on the experiences of neighboring countries such as Tajikistan and Kazakhstan, whose systems of government are similar to those of Uzbekistan and which want a democratic system. Some points are highlighted that should be paid attention to by a country that has begun to create a legal framework for Islamic banking. A study was conducted of the impact of legislative changes in leading countries.