*Chief Accountant, "RandeusImpeks" LLC, Uzbekistan. Email id: habibullo.a@yandex.ru
**PhD candidate, Tashkent Financial Institute, Uzbekistan. Email id: elyorsaidov@yahoo.com
Online published on 10 August, 2020.
The purpose of this article is to identify the current development, principles, norms and tools of Islamic finance. The second is Islamic financing opportunities. The third is the Challenges of Islamic finance. This article reveals the many reasons that lead to the development and growth of Islamic finance and the challenges facing this system. Despite the fact that a number of measures have been taken to introduce this system, it still faces many challenges. However, the differences between theory and practice, as well as the diversity of opinions of practitioners and financial professionals, pose great challenges.
Islamic Finance, Islamic Finance Development, The prohibition of usury, Sharing risks, Money as *potential+ capital, Prohibition of speculative behavior, Murabaha, Leasing, Modaraba, Musharaka, Sales contracts, Opportunities, Challenges
