logo
calendar7 Iyul 2024
view29
Main language:Uzbek

PROSPECTS AND PROBLEMS OF INTRODUCING ISLAMIC SECURITIES IN THE FINANCIAL MARKET OF UZBEKISTAN

Field of Science:
pdf

668a397f67635.pdf

PDF

ARTICLE ANNOTATION

quote
This article examines the possibilities and problems of introducing Islamic securities to the financial market of Uzbekistan. Sharia-compliant Islamic securities are an alternative to traditional financial instruments and have been successfully introduced in various global markets. This study analyzes the feasibility of such implementation in Uzbekistan, taking into account the specific economic, cultural and regulatory environment of the country. The research emphasizes the importance of improving the existing legal framework and developing the financial infrastructure. By solving the existing problems, Uzbekistan can benefit from the introduction of Islamic securities, which will lead to a more inclusive and diversified financial market.

AUTHORS

A.Mirzaxmedova

Toshkent Davlat iqtisodiyot universiteti

Tags

# экономическая стабильность# economic stability# ethical principles# Risk management# axloqiy tamoyillar# sukuk# сукук# islom moliyasi# iqtisodiy barqarorlik# исламские финансы# islamic finance# мурабаха# murabaha# управление рисками# risklanri boshqarish# islomiy qimmatli qog‘ozlar.# этические принципы# исламские ценные бумаги.# Islamic securities.

OTHER ARTICLES IN THIS JOURNAL

Rate Article

0
0 ratings
5
4
3
2
1

Article Identifiers

References

Becker, G.S., (1957). The Economics of Discrimination: An Economic View of Racial Discrimination. University of Chicago.

Curcio, R., Lipka, M., Thornton, J., (2004). Cubes and the individual investor. Fin. Serv. Rev. 13 (2), 123–138.

Balakrishnan, R., Danninger, S., Elekdag, S., Tytell, We, (2011). The transmission of financial stress from advanced and emerging economies. Emerg. Mark. Financ. Trade 47 (2), 40–68.

René M. Stulz, (2005). The Limits of Financial Globalization. The Journal of Finance. Volume 60, Issue4 Pages 1595-1638 https://doi.org/10.1111/j.1540-6261.2005.00775.x

Fratzscher, M., Lo Duca, M., Straub, R., (2018). On the international spillovers of US quantitative easing. Econ. J. 128 (608), 330–377.

Beirne, J., Fratzscher, M., (2013). The pricing of sovereign risk and contagion during the European sovereign debt crisis. J. Int. Money Financ. 34, 60–82.

Park, C., Mercado, J., (2014). Determinants of financial stress in emerging market economies. J. Bank. Financ. 45, 199–224.

Hong, H., Kacperczyk, M., (2009). The price of sin: the effects of social norms on markets. J. Financ. Econ. 93 (1), 15–36.

Shleifer, A., Vishny, R., (1997). The limits of arbitrage. J. Financ. 52 (1), 35–55.

Kuran, T., (1995). Private Truths, Public Lies: The Social Consequences of Preference Falsification. Harvard University Press.

Loewenstein, G., Weber, E.U., Hsee, C.K., Welch, N., (2001). Risk as feelings. Psychol. Bull. 127 (2), 267–286.

Wang, K., Nguyen Thi, T., (2013). Did China avoid the ‘Asian flu’? The contagion effect test with dynamic correlation coefficients. Quant. Financ. 13 (3), 471–481. Weiß, G., 2013.

Alam, N., Hassan, M., Haque, M., (2013). Are Islamic bonds different from conventional bonds? International evidence from capital market tests. Borsa Istanbul Rev. 13 (3), 22–29.

Peillex, J., Erragragui, E., Bitar, M., Benlemlih, M., (2018). The contribution of market movements, asset allocation and active management to Islamic equity funds' performance. Q. Rev. Econ. Financ. https://doi.org/10.1016/j.qref.2018.03.013.

Ledhem A. (2020) “Does Sukuk financing boost economic growth? Empirical evidence from Southeast Asia”, PSU Research Review, 6, pp.141-157.

Qonun (2022) Oʻzbekiston Respublikasi “Nobank kredit tashkilotlari va mikromoliyalashtirish faoliyati toʻg‘risida”gi Qonuni 2022-yil 17-mart

United Nations development program. (2020) “Landscaping analysis of islamic finance instruments in Uzbekistan”. Tashkent: UNDP