THE ROLE OF ISLAMIC CREDIT PRODUCTS IN THE MODERN FINANCIAL SYSTEM AND THEIR ECONOMIC IMPACT

Authors

  • Sindarov Shuxrat Author
  • Zubaydulloyeva Damira Author
  • Suyunov Azizjon Author

Keywords:

Islamic finance, Islamic credit products, economic efficiency, financial stability, banking system, Sharia principles.

Abstract

This article assesses the role of Islamic credit products in the modern financial system and their economic impact. The study examines the impact of Islamic finance principles on financial stability, the real economy, and socio-economic development, comparing them with traditional financial systems. The article analyzes the theoretical foundations of Islamic finance products, including Sharia principles, as well as their practical application and international experience. It also examines the role of Islamic finance in the context of global trends, regulatory challenges, and innovations.

References

1. Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). (n.d.). Shari’a standards & other publications. AAOIFI.

2. Islamic Financial Services Board (IFSB). (2019). Islamic Financial Services Industry Stability Report 2019. IFSB.

3. El-Gamal, M. A. (2006). Islamic Finance: Law, Economics, and Practice. Cambridge University Press.

4. Achieving Financial Efficiency through Funding, from a Banker’s Perspective: A Comparative Study of Islamic Banks’ Murabaha Funds versus Conventional Banks’ Credit Amounts. Imam Uddin, Muhammad Shujat Saleem. European Journal of Business and Management. (2015).

5. “Risk-sharing finance and financial stability” ISRA International Journal of Islamic Finance, Zulkhibri, M., & Abdul Manap, T. A. (2019).

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Published

2026-01-10