ISLAMIC FINANCE IN UZBEKISTAN

Abstract

There has always been demand for Shariah compliant finance in Uzbekistan. Considering beliefs of businessmen and individuals, as well as providing inclusive financial opportunities for all people and fostering economic development, this research examines the potential of Islamic finance and opportunities in Uzbekistan. The research addresses issues of meeting the demand for finances from entrepreneurs and population, diversification of economy. The results of the research will be presented to Oliy Majlis, Legislative Chamber of the Republic of Uzbekistan, the Central Bank, the Cabinet of Ministers and other relevant government institutions.