THE CONCEPT OF ISLAMIC BANKING AND ITS ROLE IN THE WORLD BANKING AND FINANCIAL SYSTEM

Abstract

In this article, despite the fact that the share of Islamic finance in the world financial market is small, it is considered a very fast-growing sector, the
services of Islamic banks are used not only by Muslims, but also by representatives of other religions, and the issues of resistance of this system
to financial crises are discussed. It also analyzes the baselessness of various doubts and misconceptions about Islamic finance, that it is not a religious organization or a charitable organization, but a purely commercial organization that aims to make a profit.