PROSPECTS FOR EFFECTIVE INTRODUCTION OF SUKUK CIRCULATION IN DEVELOPING COUNTRIES

Authors

  • Navruzbek Shavkatov Ph.D, Department of Corporate Finance and Securities, Tashkent Institute of Finance, Tashkent, Uzbekistan
  • Abduqaxxorov Ibrohimbek Student of the “Capital market and stock market” at the Academy of Banking and Finance of the Republic of Uzbekistan

Keywords:

Sukuk, Islamic finance, developing countries, economic growth, financial inclusion, Shariah-compliant.

Abstract

The article analyzes the potential and prospects for effective introduction of Sukuk, an Islamic financial instrument, in developing countries. With the growing significance of Islamic finance, Sukuk offers both financial and economic benefits that can be tailored to the needs of developing nations. This paper examines the current literature on the subject and provides an analysis of potential outcomes, alongside recommendations for a successful implementation strategy.

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Published

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Issue

Vol. 10 No. 9 (2023): EPRA International Journal of Economics, Business and Management Studies (EBMS)

Section

Articles