| 1. Attract additional funds from the IsDB group to finance the economy of Uzbekistan;2. Targeted loan fundsand efficient use;3. Sustainable development of Islamic banks in the world practice and avoidance of financial and economic crisis;4. 95% of the population of Uzbekistan is Muslim;5. It is possible to attract a large amount of funds (due to the large number of Muslim entrepreneurs) and thus increase the deposit base of banks through retail and corporate banking products;6. The quality of services is not inferior to traditional banking services. This increases competition for banks (based on interest rates) set in the same market. |
1. Stimulation of real production in Uzbekistan;2. Attracting investment funds from Arab and Asian countries and directing them to the local economy;3. With the growth of the Islamic market, i.e. Islamic mortgage, Islamic insurance, new investment projects, new markets will emerge;4. The principles of Islamic finance help to reduce social inequality, establish social justice;5. Due to the emergence of alternative banking services, the population's access to banking services will expand;6. The opening of Islamic windows in commercial banks will increase competition and create more opportunities for Muslims;It offers a wide range of opportunities for Muslim entrepreneurs who do not use bank loans to avoid usury. |
| Weaknesses1. Lack of a legal framework for the establishment of Islamic banking services by commercial banks;2. Lack of specialists in Islamic banking services;3. Insufficient knowledge of the population and entrepreneurs about Islamic financing services;4. Insecurity of the population to new financial services;5. Problems with the tax base in Islamic banking services;6. Lack of capital of Islamic banks and non-allocation of large loans;7. Insufficient knowledge of the country's muftis, clerics and scientists on the banking system. |
Threats1. Religious superstition can hinder the growth of Islamic banking in the country;2. Islamophobia. Existence of various misconceptions about the connection of Islamic banking services with terrorism and extremism;3. Strong competition with traditional banks;4. Deviation of some of the Islamic principles in practice and the emergence of mistrust of the whole system;5. The system is not supported by large multinational firms, investment banks and the world's major economic powers. |
