September 12, 2025Open Access

Islamic Principles of Finance: Features and Prospects of Their Use in Central Asia

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Wider adoption of islamic finance in Central Asia is constrained by underdeveloped legislation and infrastructure.
Statistical data indicates increasing interest in islamic financial instruments between 2015 and 2024.
Comparative analysis of best practices highlights successful reforms implemented in regions like Malaysia and Gulf countries.
Prioritized reforms can enhance sustainable economic development through improved financial literacy and professional training.

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Systematic review reveals potential for Islamic finance growth in Central Asia, suggesting key reforms.

Moldakmatov et al. (2025) studied this question.

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