THE ROLE OF ISLAMIC FINANCING FOR INFRASTRUCTURE INVESTMENT PROJECTS IN TERMS OF DEVELOPMENT NEW UZBEKISTAN

Abstract

The Islamic financing industry has been impacted by the COVID-19 pandemic[1], but several institutions have adapted to the situation. To address the challenges posed by the pandemic, Islamic financing for infrastructure investment projects have implemented changes such as increased usage of digital platforms for transactions and customer communication, the introduction of new financing structures like social impact bonds and sukuk issuances to support healthcare infrastructure and medical research, and the receipt of government support through stimulus packages. The pandemic has also brought about new risks such as health risks and market volatility for investors and financiers. Nonetheless, the Islamic financing industry has demonstrated resilience and adaptability through measures taken to support customers and ensure uninterrupted operations.