Abstract:
Islamic finance has successfully overcome the global financial crisis, has proved its resilience to systemic risks, is viable and flexible in the secular legal environment, and contributes significantly to overall economic growth. At the same time, it offers opportunities for those who apply for Islamic finance based on their religious beliefs, and for those who wish to better meet their financial needs through the system. This article analyzes establishment of Islamic window in commercial banking system, its development and its role in the world. There are recommendations on the relevance and practical application of this system in Uzbekistan.
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