CHARACTERISTICS OF ISLAMIC BANKS AND THE SERVICES PROVIDED BY THEM
Keywords:
Islamic bank, shariah, riba, gharar, maisir, murabahah, salam, istisna, ijarah, muzaraba, musharakahAbstract
This article explains the concept and essence of Islamic banking, its differences from traditional banks and the specifics of the services they provide. Based on the results of the analysis, suggestions and recommendations were made to improve national legislation. At the same time, it is important to correct the misconceptions and perceptions of Islamic finance among citizens and businesses, in particular, about Islamic banks, to form a reliable fundamental knowledge in this area, as well as to develop a regulatory framework for Islamic banking and it was emphasized that this process should be done in parallel.
References
1. Ўзбекистон Республикасининг “Банклар ва банк фаолияти тўғрисида”ги Қонуни [Law of the Republic of Uzbekistan “On Banks and Banking”] // www.lex.uz
2. Hamad Farooq Al Shaikh “Frequently asked questions about Islamic banks” First Edition 1440 H-2019 AD, Bahrain Islamic Bank P. 74.www.bisb.com
3. Hamad Farooq Al Shaikh “Frequently asked questions about Islamic banks” First Edition 1440 H-2019 AD, Bahrain Islamic Bank P. 74.www.bisb.com
4. https://islommoliyasi.uz/uz/beozor-bank/
5. Беккин Р.И. Ислом иқтисодий модели ва замон, Тошкент, –T.: “O‘zbekiston” НМИУ, 2019. Б. 360. [Islamic Economic Model and Time] Bekkin R.I. Tashkent, –Press.: NMIU “Uzbekistan”, 2019. P. 360.
6. Available at: https://islommoliyasi.uz/uz/%d0%bc%d1%83%d1%80%d0%be%d0%b1%d0%b0%d2%b3%d0%b0-2-%d2%9b%d0%b8%d1%81%d0%bc/
7. Беккин Р.И. Ислом иқтисодий модели ва замон [Islamic Economic Model and Time]. Tashkent, Press.: NMIU “Uzbekistan”, 2019. P. 360.
8. Muhammad Taqi Usmani An Introduction to Islamic Finance, Karachi, 1998. P. 169.
9. https://islommoliyasi.uz/uz/istisna/
10. Muhammad Taqi Usmani An Introduction to Islamic Finance, Karachi, 1998. P. 169.
11. Muhammad Taqi Usmani An Introduction to Islamic Finance, Karachi, 1998. P. 169.
12. https://islommoliyasi.uz/uz/ijara-lizing/
13. https://islommoliyasi.uz/uz/islom-banklarida-muzoraba-bitimining-qollanilishi/
