Tursunov Anvar Sultonovich,
DSc, Associate Professor, Vice-Rector for Academic Affairs
Banking and Finance Academy of the Republic of Uzbekistan
Email: office@bfa.uz, ORCID: 0000-0001-9556-4332
Tashkent, Uzbekistan
Khalilova Nilufar Akhmatovna,
Master’s Student at the Banking and Finance Academy of the Republic of Uzbekistan
Tashkent, Uzbekistan
Abstract: Islamic banks operate on the principles of profit and loss sharing, avoiding interest (riba). This article analyzes the key principles, social significance, and operational mechanisms of Islamic banks, distinguishing them from conventional banks. It examines the ethical investment guidelines of Islamic banks, methods of financial resource allocation, and their impact on socio-economic justice. The study explores various Islamic financial products such as mudarabah, musharakah, murabaha, and ijarah, and analyzes their practices in different regions. By analyzing these aspects, the article demonstrates how Islamic banks contribute to economic stability, social justice, and the development of an inclusive financial environment.
Keywords: Islamic bank, conventional bank, mudarabah, musharakah