National named after Mirzo Ulugbek Jizzakh branch of the university

National named after Mirzo Ulugbek

Jizzakh branch of the university

Student of group 40-21 Akhberdiyeva Ozada

Phone: [phone]

Email address: [e-mail]

ISLAM FINANCE

ANNOTATION
In this thesis, ``Islamic finance'' and Origin of the concept of "Islamic bank". exit history. Uzbekistan Republic for Islamic finance and islam of banks why need and why it is necessary, Islamic banks and traditional of banks one from one difference, islam in finance there is problem and solutions, islam of finance goals and to Sharia compliance illuminated.
Key words: Islamic finance, islam bank, islam the economy ribo, islam jurisprudence mudaraba murabaha, musharakah
Har how state or organization, him in order put standing laws there is has been in case activity walks Muslim of people life style in order put standing law - rules set this is is Sharia. Sharia this 1500 yearly spiritual, moral and legal and economic is also a system.Islamic finance that's it sharia law - to the rules based on economic system is considered First 622 - 661 years islam finance principles half of Arabia On the islands Arabs by applied. Even prophet Muhammad SAW too vision without falling first that's it who traded using principles. That's it times riba [i.e percent based on financial attitude] s is much more advanced was Then god ribbon dirty did and vision from falling after and Muhammad SA V the first in line who forbade this relationship. Later, Islamic finance is one how many from stages past until now arrived came. This laws 4 to the source has:

1. 
   holy Quran being , she is religious knowledge original immutable source is considered Quran prophet Muhammad Through S.A.V, Gabriel through the means of peace delivered God's visions own into received being whole to humanity addressed divine instruction .
   
2. 
   Hadith is considered Prophet Muhammad S. A. of V peoples or they are with depends representing realities narrative being Muhammad S. A. V of circumcisions basis constitutes
   
3. 
   Ijma is a consensus by reputable Islamic scholars on a specific issue or situation work developed solution. Islam in its traditions Quran and from circumcision independent conclusion to do to the right have man, "Mujtahid" is called
   
4. 
   The original meaning of the term comparison is to measure or two material in the middle comparison transfer from the words come get out Comparison complicated and
   

tower issues according to Quran and in hadiths stated to the basics according to mujtahids by working out new solutions and judgment is to issue.
Islam There are several deals in finance the main ones are: First deal – "expenditure". Consumption this parties in the middle material to value have has been of products, for example dinar (gold), dirham (silver) or multiples of these made, cast or another appearances, and now money in circulation units of (currencies). to each other exchange ie for sale) it is said.
The second deal is "murobaha". Murobaha is a seller or finance of the institution something one product (eg some equipment) at the cost of the customer who placed the order with agreed upon certain ustamani put known one lifetime inside to be being to pay condition with to this buyer is to sell . Third deal – "Mudaraba". Mudaraba partnership is a form of transaction in which investment the owner (rabb-ul-mol), the work host Entrepreneurship based on partnership with (modarib). activities conduct for investment divides Such in partnership entrepreneurship activity complete respectively editor by managed. Activity during the profits are shared in a pre-agreed ratio, and the losses are shared only by the owner of the investment undertakes. The fourth transaction is "salam". Hello, payment for the product is immediate done to be increased product while later to the buyer expected to be delivered holding is a deal (in which for sale the product is available at the time of the transaction to be there is may not be). Salam contract is more rural in the farm is used. The fifth deal - "exception". Istisna is still like salam work not issued the product sell is a contract. This contract, work issuer order given the product own raw production of materials in the eye holds This deal legal to power have to be, to be produced need has been of the product cost, quality and features parties in the middle sure agree taken need Sixth deal - ,, musharakah" two or from him more than parties between proprietary partnership being in this each one partner known in quantity money or property shaped investment bet on general business and of the profit parties built within this business according to the agreement and damage xar one of the partner common in investment per share proportionate respectively is distributed.
Islam of banks traditional from banks difference is that Islam in banks :

1. 
   Benefit or harm when investor and entrepreneur how much in between in shares division in the contract is displayed .
   
2. 
   Percent ( ribo ) is strictly prohibited. His instead of receives a share of the income, if entrepreneur benefit it's not harm if he sees contract to the conditions according to in shares bank and between the entrepreneur is divided.
   
3. 
   Entrepreneur credit return from the required period each past day additional for percentage ( penalty) does not pay .
   
4. 
   To deposit placed money known in term percentage with to receive does not guarantee.
   

This bank to income depends. In traditional banks :

1. 
   Investor to the bank put money how much percentage to return with in advance to see possible
   
2. 
   Lending money and interest on it with back get commerce of the bank main from the activity one is considered Entrepreneur's business successful does he walk or bankruptcy with interest on the loan to the bank complete to return a must
   
3. 
   Entrepreneur loan. each past the due date day additional for percentage (fine) pays .
   
4. 
   Deposited money known in term percentage with to receive guarantees.
   

First islam to the bank 1963 – in in Egypt basis put . Reuters to the information of the agency according to today's in the day 300 more than Islamic banks and More than 200 Islamic branches operate in 67 countries of the world. Islam general of banks capital 2 trillion exceeded US dollars. Islamic banks Saudi Arabia arabistan, iraq, kuwait malaysia, United Arab Emirates pakistan, in bangladesh, turkey much developed.
In addition, Germany, USA, Canada, Great Britain, France, Italy, It operates in Ireland, Lexenburg and other countries. of the world 130 from more than in universities islam bank and finance according to personnel is being prepared. including of the world the following the most famous in universities too special courses organize done . Them bachelor, master's, doctorate stage students study is taking Medium asia from the states the first being in Kazakhstan 2010 is the year in March the first Islamic bank "al-hilal" bank practice pass for permit took 2017 - "Zamanbank" on August 17 Islamic services show according to license took and own activities started 2009- year in April in Kyrgyzstan " bank and bank activity about ” gi Kyrgyzstan republic to the law addition and changes input and others acceptance done. This is it corrections Islamic and "Islamic has a window which is traditional in banks of financing Islamic methods apply for opportunities created
Islam in finance the most big one of the prohibitions this it is riba. That is ,, ribo "- the most in Islamic finance from the main prohibitions one, in Islamic jurisprudence while the most big sin among the elders enters. "Ribo an-nasiya" debt relational exchange in the process
Delayed lifetime for addition by getting the value overestimated a is to make a profit. Traditional of banks percentage lending practices based on riba an- the nation is the same being himself in this debtor credit money (interest) according to the contract will pay What is the wisdom of the prohibition of riba? In Encyclopedia of Kuwaiti Fiqh to this question answer as the following Considerations brought Scholars and commentators of ribo dirty in being done one how much sharia reasons brought by: Firstly
"Riba" is a person another one You don't eat a person's property requires taking. Because someone one soum two to soum if it sells (in exchange) be it cash or nation nothing you are homeless excess one soum to the hand entering will be
A Muslim's property depends on his extiojs and his mol untouchable is counted. Prophet Muhammad (pbuh) is a Muslim The honor of his wealth is the honor of his blood is like'' ( ie assault on blood dirty as his trespass to property to do too dirty ) said in a sense hadiths there is Benefit which brings xar how debt it is riba. Debt when giving to people help to give their life relief the will will be done . Our Sharia debt benefit bringer source from doing returned. that is why the lender only to receive the exact copy of the loan he gave will have the right. If debt from giving whether a benefit is conditioned or not adding something if it is customary to give, or it is the custom of someone to take a loan and give it with a profit by doing received if profit received dirty will be
Firstly , bank credit in the system serious disadvantages there is For example , credit orders seeing exit complex mechanisms of quick loans get opportunities bordering on microloans separation of opportunity there is that it is not microloans get level increase does not provide microcredit organizations and of pawnbrokers services high on percentage rates mostly cases of consumers financial status deterioration take is coming If Islamic windows commerce banks next to organize if done credit to get alternative option appear will be Secondly, our country of the population main part of Islam to religion faith that he did therefore if islam bank or islam bank services organize if done to the bank deposit puters the number sharp increases. And this in turn cash of money bank through rotation provides and inflation level reduces Thirdly, islam banks through financing funds increases. For example, only one islam through the development bank in 2019-2021 total value 2 billion 42 million from the dollar more in quantity 17 ta investment project done increase
intended. Fourthly, addition vacancies will be created. Most importantly today's in the day in the world intensity with growing up the system learn and practice it app by doing from him our country will be able to benefit from the prospect. Islam finance and bank system to practice app to do for the following works done increase necessary .

1. 
   Qualified personnel preparation In universities foreign el universities with joint faculties organize to do ;
   
2. 
   Commerce banks next to Islamic services window organize reach ;
   
3. 
   There is personnel islam in banks practice to pass to send ;
   
4. 
   Islam civilization in the center Sharia Council organize to do
   

In Islamic economics benefit rate-percentage from the rate different resources of distribution more efficient and reasonable mechanism modern of the economy many negative trends ( monopolization , the rich and the poor between sharp the difference financial crises etc.). against standing system that it was for too serious worth learning. Islamic finance field in front standing another series problems count too transition can why "Complexity and problems" each specific to what system. Understanding the problems reach and recognition is effective on the way to finding solutions initial is a point. This while heals the system itself and all its "components". If industry representatives of the problems mentioned above never solve part if not if they do both it's- system development and on the rise huge step will be was