The Importance of Basic Financial Instruments Used in Islamic Banking

Authors

  • Aliqoriev O.F PhD, Associate Professor, Department of Business Administration (MBA), Graduate School of Business & Entrepreneurship

Keywords:

Islamic banks, islamic financial instruments, transactional contracts, intermediary contracts

Abstract

The article focuses mainly on the importance of basic financial instruments used in Islamic banking, the classification of Islamic financial instruments, and the definition of the instruments of mudoraba, murobaha, mushoraka.

References

Baidaulet E.A. Fundamentals of Ethical (Islamic) Finance: Textbook – Pavlodar, 2014.

Bekkin R.I. Islamic economic model and modernity. Publishing house of Marjani, Moscow 2009, 93-p.

Grace W. and Iqbal Z. Regulating Islamic Financial Institutions: The Nature of the Regulated. World Bank Policy Research Working Paper 3227, 2004.

Hasanov H., Fundamentals of Islamic finance, «Uzbekistan» NMIU 2019.

Imamnazarov J. Analytical report on the results of a study on the implementation and use of Islamic financial products in Uzbekistan. United Nations Development Program project «Financing sustainable development in Uzbekistan». 2020.

M. Kabir Hassan, Rasem N. Kayed and Omar A. Oseni. Introduction to Islamic Banking & Finance: Principles and Practice. Pearson Education Limited, 2013.

Saeed Al-Muharrami. Islamic Banking: Basic Guidelines for Researchers. European Journal of Social Sciences, Vol. 45 No. 3 December, 2014.

Aliqoriev O.F. Conceptual foundations of Islamic banking. International Journal of Economic Perspectives, 16 (12), December 2022. 20-31 Retrieved from https://ijeponline.org/index.php/journal/article/view/449.

Aliqoriev O.F. Prospects for the Introduction of Islamic Finance in Uzbekistan. American Journal of Business Management, Economics and Banking. 2023 Mar. 6 [cited 2023 Apr. 8];10:23-7. Available from: https://americanjournal.org/index.php/ajbmeb/article/view/472.

Aliqoriev O.F. Conceptual & Legal Framework of Islamic Finance. Web of Scientists and Scholars: Journal of Multidisciplinary Research. Volume 01, Issue 01, April 2023. IFSIJ JIF 7.995. https://webofjournals.com.

Aliqoriev O.F. Role of Islamic Development Bank Group in the Development of Islamic Banking in Uzbekistan. Volume 4, Issue 4 of ResearchJet Journal of Analysis and Inventions (RJAI) April, 2023. https://reserchjet.academiascience.org.

Aliqoriev O.F. Experience of Introducing Islamic Banking of Foreign Countries. American Journal of Interdisciplinary Research and Development. Volume 19, August, 2023. www.ajird.journalspark.org.

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Published

2023-08-30

How to Cite

Aliqoriev O.F. (2023). The Importance of Basic Financial Instruments Used in Islamic Banking. Texas Journal of Multidisciplinary Studies, 23, 75–82. Retrieved from https://zienjournals.com/index.php/tjm/article/view/4351

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