{"id":4387,"date":"2025-02-18T11:17:06","date_gmt":"2025-02-18T11:17:06","guid":{"rendered":"https:\/\/interfinance.tsue.uz\/?p=4387"},"modified":"2025-02-18T11:17:39","modified_gmt":"2025-02-18T11:17:39","slug":"comparative-analysis-of-traditional-and-islamic-microfinance-models","status":"publish","type":"post","link":"https:\/\/interfinance.tsue.uz\/?p=4387","title":{"rendered":"COMPARATIVE ANALYSIS OF TRADITIONAL AND ISLAMIC MICROFINANCE MODELS"},"content":{"rendered":"<p>Akhmedova Ugilshod Musurmonkul kizi<br \/>\nPhD student at the Research Center \u201cScientific Foundations and Problems of the Development of the Economy of Uzbekistan\u201d at the Tashkent State University of Economics<br \/>\nORCID: 0000-0002-2253-077X<br \/>\nE-mail: ugilshod.akhmedova@gmail.com<br \/>\nAbstract. This article discusses microfinance organizations and their models. Microfinance organizations are considered in two separate directions &#8211; traditional and Islamic microfinance models. Among the traditional microfinance models, Grameen bank model, rural banking model, credit union, self-help group model, rotating savings and credit association models were considered as the most common models. Islamic microfinance models are divided into two main forms: profit-based (commercial) and charitable (non-commercial). In the profit-based model, a microfinance organization raises initial funds based on musharaka, mudaraba, wadia, and sukuk instruments. In the charity-based model, it raises initial funds based on waqf, zakat, and sadaqa instruments. The study theoretically examines and comparatively analyzes the types, activities, services, and products provided by these models, as well as other specific features.<br \/>\nKeywords: microfinance models, Islamic finance instruments, Grameen bank model, rural banking model, credit union, self-help group model, rotating savings and credit association.<\/p>\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/interfinance.tsue.uz\/wp-content\/uploads\/2025\/02\/3Axmedova-O.M.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of 3+Axmedova O&apos;.M.\"><\/object><a id=\"wp-block-file--media-f96b5a24-f895-496b-88f4-c82e7a286334\" href=\"https:\/\/interfinance.tsue.uz\/wp-content\/uploads\/2025\/02\/3Axmedova-O.M.pdf\">3+Axmedova O&#8217;.M<\/a><a href=\"https:\/\/interfinance.tsue.uz\/wp-content\/uploads\/2025\/02\/3Axmedova-O.M.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-f96b5a24-f895-496b-88f4-c82e7a286334\">Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Akhmedova Ugilshod Musurmonkul kizi PhD student at the Research Center \u201cScientific Foundations and Problems of the Development of the Economy of Uzbekistan\u201d at the Tashkent State University of Economics ORCID: 0000-0002-2253-077X E-mail: ugilshod.akhmedova@gmail.com Abstract. This article discusses microfinance organizations and <a href=\"https:\/\/interfinance.tsue.uz\/?p=4387\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-4387","post","type-post","status-publish","format-standard","hentry","category-2025-1-issue-1-6"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>COMPARATIVE ANALYSIS OF TRADITIONAL AND ISLAMIC MICROFINANCE MODELS - Journal of International Finance and Accounting<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/interfinance.tsue.uz\/?p=4387\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COMPARATIVE ANALYSIS OF TRADITIONAL AND ISLAMIC MICROFINANCE MODELS - Journal of International Finance and Accounting\" \/>\n<meta property=\"og:description\" content=\"Akhmedova Ugilshod Musurmonkul kizi PhD student at the Research Center \u201cScientific Foundations and Problems of the Development of the Economy of Uzbekistan\u201d at the Tashkent State University of Economics ORCID: 0000-0002-2253-077X E-mail: ugilshod.akhmedova@gmail.com Abstract. 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