Open AccessThe need for Islamic banking services in commercial banks of Uzbekistan and its positive impact on economic growth
Author(s) -
Tursunov Anvar Sultanovich
Publication year - 2020
Publication title -
middle european scientific bulletin
Language(s) - English
Resource type - Journals
ISSN - 2694-9970
DOI - 10.47494/mesb.2020.5.84
Subject(s) - islamic banking , islam , business , financial services , islamic finance , financial system , finance , geography , archaeology
This article presents the development of Islamic banking services, development trends in the World Bank financial system and the factors influencing the growth of the country’s economy. Today, two-thirds of Islamic finance is concentrated in Islamic banks. The urgency of establishing Islamic banking services in commercial banks is highlighted. There are practical suggestions and recommendations for the development of this area.