A COMPREHENSIVE EXAMINATION OF ISLAMIC FINANCE OPPORTUNITIES IN UZBEKISTAN'S TRANSPORTATION INDUSTRY

Abstract

Islamic banking, which adheres to Sharia principles, is a growing field of interest in Uzbekistan. In Central Asia, only Turkmenistan and Uzbekistan are yet to establish comprehensive Islamic banking services (Tursunov A., 2021). While the country lacks full-fledged Islamic banks, positive developments are suggesting a potential future for Islamic finance instruments. The current article examines the current landscape and emerging trends in Islamic finance and its future in Uzbekistan article provides an overview of Islamic banking and finance in Uzbekistan, along with suggestions for employing specific types of Islamic finance tailored to the needs of different customer segments.