Islamic finance has successfully overcome the global financial crisis, has proved its resilience to systemic risks, is viable and flexible in the secular legal environment, and contributes significantly to overall economic growth. At the same time, it offers opportunities for those who apply for Islamic finance based on their religious beliefs, and for those who wish to better meet their financial needs through the system.This article analyzes the Islamic economy, banking and financial system, its development and its role in the world. There are recommendations on the relevance and practical application of this system in Uzbekistan.
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"ORGANIZATIONAL AND THEORETICAL BASIS OF ISLAMIC BANKING SERVICES IN COMMERCIAL BANKS,"
International Finance and Accounting: Vol. 2020
, Article 18.
Available at: https://uzjournals.edu.uz/interfinance/vol2020/iss2/18