Search results

Despite its potential as an emerging market for Islamic financial services, Uzbekistan has lagged in legislative support. This study aims to evaluate the feasibility of introducing an Islamic capital market (ICM) in Uzbekistan, preceding a broader industry establishment.

The authors begin by assessing Islamic finance literacy and the potential demand for ICMs in Uzbekistan. The authors then scrutinize Uzbekistan’s capital market legislation and its readiness. This analysis uses primary data, including surveys and interviews, and secondary data from literature and financial legislation.

This study highlights a significant demand for ICMs, despite low Islamic finance awareness in Uzbekistan. Presently, Uzbekistan’s capital market development is lacking, with regulations not yet suitable for ICMs. As a result, legal and operational enhancements are needed.

The authors provide essential policy recommendations for authorities and practitioners to facilitate the effective launch of ICMs and enhance Uzbekistan’s capital market stature.

To the best of the authors’ knowledge, this is the first study offering an in-depth analysis of the potential and feasibility of ICMs in Uzbekistan.

Uzbekistan, a former Soviet Union state whose population is 96% Muslim, is aiming to penetrate the global halal market. Since 2016, its government has been committed to establishing a halal economy, purportedly comprising halal product exports and inbound halal tourism services. Given that a conducive halal ecosystem is a critical condition for creating and sustaining a viable halal economy, the current condition of the halal industry in the country must be diagnosed. For this purpose, we developed a diagnostic framework based on the halal principles and the Viable System Model (VSM) to identify the existing players and stakeholders in the halal industry ecosystem in Uzbekistan and their respective roles and functions, as well as the information flows amongst them.

The study utilised the qualitative methodology with the data gathered mainly from in-depth interviews with industry experts and consumers in Uzbekistan.

The findings revealed that the country has considerable potential to develop its halal tourism market due to its beautiful landscape, rich history and cultural heritage, which is supported by a full-fledged development policy. Uzbekistan's industrial sector exhibits substantial readiness to serve the Muslim market; however, the country lacks a specific policy for the development of the halal manufacturing export industry.

Our findings generate emergent themes that are relevant to the operations and future viability of halal industry of a Muslim country in a transitioning economy. These emerging themes further strengthened existing conceptualisation of the Viable System Model in terms of the elements of the environment and the function of policymaking in contributing toward a system's viability. Implications of the findings and suggestions for future research are also provided.

The purpose of this study is to examine the association between international tourists' demographics with travel motives to Uzbekistan through the utilization of push and pull theory.

This study utilized a convenience sampling technique to collect data from 563 international tourists visiting Uzbekistan. Chi-square test of independence (χ²) was employed to test the association between visitors' demographics and travel motives.

The results illustrated that nationality and frequency of visitations of the international tourists to Uzbekistan were statistically associated with their travel motives. In terms of gender, age, marital status and religion, no significant association with travel motives was established.

The statistical test and instrument for data collection might limit the generalization of this study to represent the whole population of international tourists in Uzbekistan.

The findings of this study show that in order to develop tourism in Uzbekistan, businesses and practitioners should consider segmenting tourists based on their national background to serve their needs and preferences. As tourist's visitation frequency plays a role in their travel motives, the product and service quality of tour packages must be improved and monitored.

The findings of this study provide valuable insights for businesses, managers, practitioners and policymakers to understand international tourists' motives to Uzbekistan to formulate better policies and tour packages.

The purpose of this study is to explore the tourism policy commitment of the government of Uzbekistan to bring back the tourists and sustain the tourism and hospitality sector during the Covid-19 pandemic. The study employed qualitative documentary research methodology using the thematic analysis with the support of the Nvivo 12 to analyze Google news articles published in the English language. The results demonstrated that the government of Uzbekistan employed a variety of policies and measures geared towards tourists and businesses during the pandemic. Mainly, the government showed confidence and trust in its policies by providing financial compensation to tourists if they get the Covid-19 infection, improved sanitary conditions and travel restrictions to prevent the spread of the virus. In terms of businesses, the government was dedicated to restoring and mitigating the adverse outcomes of Covid-19 in the tourism and hospitality sector by providing subsidies and certification that the company is following the sanitary protocols. The findings of this study illustrate that the government of Uzbekistan should continue feeding the media with the information related to strategies implemented towards reviving the tourism and hospitality sector, which will build the confidence of the tourists and businesses during the pandemic period.

Proposes this research is seeking to combine the theory and practice of judicial independence based in Western notions of the “Rule of Law”, modern developments of this doctrine in the documents and laws of both Uzbekistan and Kazakhstan.

Advantage of its geologic location lying at the heart of Central Asia with a large internal market of 27 million people and easy access to CIS market of over 142 million people enables Uzbekistan to form the hub of the region. Its transport and communications networks are connected with the other Central Asian countries. FIEZ in Navoi would be the representative model in CIS and be built on the best practice of next generation model as special national economic zones. Considering that the most of modern business is made through the web connection basis even for the flight management, cargo trace and other controls and operations, the importance of web connection should be stable, reliable and affordable for tenants and business entities at the FIEZ in Navoi. In these regards, cooperation work of both countries to study more details mentioned in this paper as well as other applicable models from Korean Free Economic Zone cases for the full picture of execution and promotion of the FIEZ in Navoi, Uzbekistan is considered.

There is a connection between cotton production and the Aral Sea disaster in Uzbekistan. Large-scale cotton production utilizes the practices of conventional agriculture and has severe environmental consequences in arid regions. Some of these problems, such as salinization, currently exist in Uzbekistan as a result of cotton production and these conventional farming practices. This chapter is a review of cotton production, the environmental consequences of conventional agriculture, and its relationship to the Aral Sea Disaster. Storm water management with biofiltration, sustainable farming practices, efficient irrigation, ecological horticultural practices, and a water conservation program are remedies that can help to reduce the environmental degradation caused by cotton production and restore some of the water resources in Uzbekistan.

This chapter discusses population issues in Uzbekistan as regards current trends in urban social organization. The majority of the population is young and confronted with challenging problems both global and local in nature. Uzbekistan is also experiencing a demographic shift as changes in the national economy prompt people to move to urban areas from the countryside. This shifts the numbers and sizes of cities, but also places new demands on natural resources like water. Uzbekistan's geography has advantages and limitations for urban sprawl. Its culture offers a major advantage described in the author's original research: a form of spatial and social organization for civil society found in Uzbek cities. Problems of urbanization can be addressed through this feature in Uzbek society called the mahalla. Mahalla promote stability and continuity within a community and a means whereby common interests can be represented outside the community. This chapter investigates the contributing factors to that stability and mahalla's ability to handle the dynamics of rural to urban migration.