Historical Trajectories and Modern Dynamics of Islamic Financial Law in Central Asia
Bibliographic Data
| ID | 4981606 |
|---|---|
| Authors | Abdumukhtor Rakhmanov, Абдумухтор Рахманов (Tashkent State University of Law, corresponding author), Abhishek Thommandru (0000-0002-2120-4622, Alliance University), Shokhrukhbek Tillaboev (Tashkent State University of Law) |
| Year | 2024 |
| Volume | 52 |
| Issue | 1 |
| Pages | 74-87 |
| Publication date | 2024-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Journal of Legal Information (JOURNAL) |
| Journal identifiers | ISSN: 0731-1265 • E-ISSN: 2331-4117 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/jli.2024.15 |
| OpenAlex | W4403078828 |
| Language | EN |
| Citations received | 1 |
| References cited | 13 |
This paper examines the historical development and contemporary landscape of Islamic financial law in Central Asia. Rooted in Sharia principles such as avoiding riba (usury), gharar (uncertainty), and maysir (gambling), Islamic finance has evolved into a sophisticated framework that promotes equity, transparency, and social welfare. In Central Asia, a predominantly Muslim region shaped by diverse cultural influences, Islamic financial jurisprudence reflects a unique blend of traditional practices and modern regulations. The growth of Islamic finance in this region is driven by increasing awareness, regulatory support, and integration with global markets. Key principles like the prohibition of interest, risk-sharing, and asset-backed financing underpin the operations of Islamic financial institutions.Case studies from Kazakhstan, Uzbekistan, and Tajikistan illustrate successful implementation strategies. The paper concludes by emphasizing the potential for Islamic finance to drive sustainable economic development in Central Asia and the need for ongoing research, collaboration, and policy support to navigate the complex dynamics of this evolving field
Archaeology · Central asia · Economics · Geography · International trade · Islam · Political science · Sharia · Sociology · Islamic Finance and Banking Studies · Law
| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2026 - 2026 (1) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 1 |