Islamic financial instrument- “sukuk” are of interest to many participants in the international financial markets

Tayanch so
‘
z va iboralar:
islom moliyasi, islom moliyaviy instrumentlari, obligatsiya, 
fond bozori, emitent, emissiya, investor, sukuk obligatsiyalari, “yashil” obligatsiyalar
Ya. Arifdjanova 
Tashkent Institute of Finance 
ISLAMIC FINANCIAL INSTRUMENT- “SUKUK” ARE OF INTEREST 
TO MANY PARTICIPANTS IN THE INTERNATIONAL FINANCIAL 
MARKETS 
In recent years, the interest of many countries in the Islamic financial instrument has been 
growing. Sukuk is one such instrument that combines stocks and bonds. Although this Islamic 
financial instrument has been described in foreign literature and publications as “sukuk bonds,” it 
does not reflect the nature of debt bonds. The article examines the current state of Islamic financial 
instrument sukuk securities. The characteristics of the sukuk financial instrument are highlighted 
and the similarities and differences with the bonds are highlighted. It also analyzes the sukuk 
market and their value, the dynamics of growth over the years, the share of countries. 
Keywords:
islamic finance, islamic financial instruments, bonds, stock market, issuer, issue, 
investor, sukuk bonds, "green" bonds 
Kirish
Bugungi kunda O‘zbekiston moliya bozorini xususan, qimmatli qog‘ozlar 
bozorini rivojlantirishga, shuningdek, xalqaro fond birjalarida o‘z pozitsiyasini 
egallashga harakat qilmoqda. 
2018-yil O'zbekiston tarixida birinchi marta “Hamkorbank” va Xalqaro Moliya 
Korporatsiyasi (IFC) London fond birjasida obligatsiya joylashtirishdi. Bu xalqaro 
bozorlarda amalga oshirilgan O‘zbekistondagi dastlabki bitim bo‘ldi [1]. 
2019-yilda O‘zbekiston ilk marotaba 1 milliard dollarlik qoplash muddati 
2024 va 2029 yillar etib belgilangan yevroobligatsiyalarni muvaffaqiyotli 
joylashtirdi [2].
 
2020-yil oktyabr oyida esa O‘zbekiston Respublikasi Tashqi iqtisodiy faoliyat 
milliy banki ham London fond birjasiga o‘z yevroobligatsiyalarini joylashtirdi. 
Ushbu yevrobondlar 5 yillik muddatga 300 million dollarga teng miqdorda 

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