THE ROLE OF THE ISLAMIC FINANCIAL SYSTEM IN FINANCING INFRASTRUCTURE PROJECTS
DOI:
https://doi.org/10.5281/zenodo.17443655Keywords:
Sukuk, Sharia-compliant, infrastructure fnancing, risk-sharing, Islamic banking.Abstract
This article explores the role of the Islamic fnancial system in fnancing infrastructure projects, with a particular
focus on Uzbekistan. As the country transitions to a market economy and pursues sustainable development, traditional
fnancing methods alone are insufcient to meet its expanding infrastructure needs. Islamic fnance through instruments
such as Sukuk, Ijara, and Musharakah provides ethical, asset-backed, and risk-sharing alternatives that align with
Uzbekistan’s national development objectives. The study highlights global best practices and examines how Islamic
fnance can be effectively integrated into the country’s infrastructure strategy, particularly in key sectors such as renewable
energy, transportation, and healthcare.
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