FEATURES OF HOUSING FINANCE CONTRACTS CONSIDERING THE REQUIREMENTS OF ISLAMIC FINANCE
DOI:
https://doi.org/10.47390/SPR1342V4SI4Y2024N39Keywords:
Islamic finance, housing financing, alternative finance, mortgage credit, business partnerships, limited partnership, Mudaraba, Murabaha, Ameen housing cooperative, guarantee.Abstract
This article discusses the legal aspects of the introduction of Islamic finance in Uzbekistan, the importance of Islamic finance housing financing products, and types of contracts. Also, the types of existing traditional home financing contracts are mentioned. In the absence of Islamic banks, the legal bases of business entities operating on the basis of Islamic finance requirements and some of the Islamic finance home financing contracts used by them are analyzed. Suggestions and recommendations on the importance of studying the topic and protection of consumer rights are given.
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