Risk, profit, and partnership: How Islamic banking differs from the traditional interest – based model.

With the Senate’s recent approval of legislation permitting Islamic banking operations, Uzbekistan is entering a new era of financial diversity. As the concept remains relatively new to many citizens, Kun.uz spoke with Jahongir Imomnazarov, an expert with over 30 years of experience in finance and a specialist in Islamic banking since 2011, to clarify how these two systems compare..

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