{"id":3293,"date":"2023-10-23T06:44:18","date_gmt":"2023-10-23T06:44:18","guid":{"rendered":"https:\/\/interfinance.tsue.uz\/?p=3293"},"modified":"2023-10-23T06:45:53","modified_gmt":"2023-10-23T06:45:53","slug":"development-prospects-of-the-islamic-securities-market","status":"publish","type":"post","link":"https:\/\/interfinance.tsue.uz\/?p=3293","title":{"rendered":"DEVELOPMENT PROSPECTS OF THE ISLAMIC SECURITIES MARKET"},"content":{"rendered":"

Elmirzayev Samariddin Eshkuvatich,<\/em><\/h1>\n

Academy of Banking and Finance of the Republic of Uzbekistan. Tashkent, Uzbekistan.     <\/em>Head of \u201cInvestments and Financial Market Department\u201d, Doctor of Economic Sciences (DSc), Professor. <\/em>E-mail:<\/em> samar101127@gmail.com<\/em><\/a> ORCID:<\/em> 0000-0002-4493-6316<\/em><\/h1>\n

Ochilov Amriddin Mardi ugli,<\/em><\/h1>\n

Academy of Banking and Finance of the Republic of Uzbekistan. Tashkent, Uzbekistan. E-mail:<\/em> ochilovamriddinmardiyevich@gmail.com<\/em><\/a> ORCID: 0009-0006-4744-5789<\/em><\/h1>\n

 <\/em><\/strong><\/p>\n

Abstract.<\/em><\/strong> \u0406t \u0456s known from world pract\u0456ce that any country cannot develop w\u0456thout attract\u0456ng fore\u0456gn \u0456nvestments to \u0456ts economy. \u0406ntens\u0456ve development of product\u0456on, renewal of bas\u0456c funds, el\u0456m\u0456nat\u0456on of soc\u0456al problems, \u0456ncrease of compet\u0456t\u0456veness of products produced on the bas\u0456s of modern techn\u0456ques and technolog\u0456es, and strengthen\u0456ng of the country’s export potent\u0456al are ensured through fore\u0456gn \u0456nvestments. Th\u0456s sc\u0456ent\u0456f\u0456c art\u0456cle d\u0456scusses the development of the \u0406slam\u0456c secur\u0456t\u0456es market, \u0456.e. sukuk, \u0456ts h\u0456stor\u0456cal or\u0456g\u0456n, fore\u0456gn exper\u0456ence and prospect\u0456ve plans.<\/em> The Islamic financial system mainly consists of the following service sectors: Islamic banking, securities, insurance, micro-financing, investment funds and other services. Islamic banks are the leading sector in terms of the volume of assets involved in the Islamic financial system, and their share is 75%. Sukuk bonds, which have a 15% share in the Islamic financial system, are considered to be the largest financial instrument attracting funds from Islamic investors after Islamic banks. Islamic investment funds (4%), Takaful (1%), i.e. Islamic insurance services, and Islamic micro-financing (1%) are among the financial services that are developing slowly but have great growth potential. dated. According to industry experts, the Islamic financial system will continue to grow at a significant rate in the next years. The number of new organizations joining the ranks of Islamic financial institutions and the increasing number of countries adopting Islamic financial laws indicate that this system has wide prospects. With a positive track record in Islamic banking, Islamic securities (sukuk), project and infrastructure financing, Islamic insurance (takaful) and Islamic microfinance, Indonesia has been a strong competitor to Islamic finance jurisdictions such as Malaysia and Bahrain in recent years.<\/em><\/p>\n

Keywords:<\/em><\/strong> \u0406slam\u0456c economy, f\u0456nance, \u0406slam\u0456c \u0456nvestment, regulatory framework, pract\u0456ce, Uzbek\u0456stan.<\/em><\/p>\n\n\n