O‘ZBEKISTON BANK TIZIMIGA ISLOM MOLIYASI INSTRUMENTLARINI JORIY ETISH ISTIQBOLLARI

Abstract

This article analyzes the economic significance, international experience, and prospects for introducing Islamic finance instruments into the banking system of Uzbekistan. The study examines the theoretical foundations of Islamic finance, its main financial instruments, and their role in the banking sector. In addition, the reforms, legal framework, and existing opportunities for the development of Islamic finance in Uzbekistan are analyzed. Particular attention is paid to the significance of Law No. ORQ-1126 adopted in 2026 in the development of Islamic banking. The research findings prove that the introduction of Islamic finance instruments can increase investment attractiveness, attract foreign capital, and expand financial inclusion. At the end of the article, scientific and practical recommendations for the effective implementation of Islamic finance in Uzbekistan’s banking system are proposed.