Elmirzaev Samariddin Eshkuvatovich
DSc., Prof. Academy of Banking and Finance of the Republic of Uzbekistan, Head of the Department “Investments and Capital Market”. Tashkent, Uzbekistan. E-mail:[email protected]
ORCID: 0000-0002-4493-6316
Аминова Нилуфар Умарбой қизи
PhD. Senior teacher, Tashkent State University of Economics, Department of “Valuation and investments”, Tashkent, Uzbekistan. E-mail:[email protected]
ORCID: 0000-0003-2618-7523
JEL Classification: E22, G21
Abstract. This article examines the importance of the Islamic financial system abroad in recent years, the development trends and the positive and negative factors affecting it, the possibility of using Islamic finance as an alternative option for financing investment projects, as well as the directions for the development of financing investment projects based on Islamic finance. The use of sukuk, which is considered one of the Islamic financial instruments widely used in financing investment projects in foreign countries, its advantages and disadvantages, the effective use of free funds in the hands of the population through the introduction of sukuk, as well as the possibilities of implementing projects stopped due to financial problems are mentioned. The possibilities of financing investment projects using modern financial technologies (fintech) within the framework of Islamic finance. Using crowdfunding on the financial network as an innovative way to channel funds directly from investors to borrowers without the intervention of official financial institutions such as banks. Opportunities for financing investment projects through takaful based on the Islamic financing model.
Key words: waqf, investment, microfinance, climate finance, financial technology, crowdfunding, musharaka, murobaha, sukuk, takoful.