Open Access
Islamic Banking Dispute Resolution in Uzbekistan
Juraev Khushnazar
1
,
,
4
Lecturer at the Department of Law and Technologies, Tashkent State University of Law, Uzbekistan
Abstract
As Uzbekistan moves to formalize Islamic banking through the landmark 2025 draft Law on Islamic Banking and Finance, the nation faces the critical challenge of resolving disputes within a secular civil-law framework. This article examines Uzbekistan’s emerging hybrid dispute resolution model, which seeks to balance Shariah principles with established judicial procedures. Utilizing a doctrinal analysis of the new legislation and comparative insights from jurisdictions like Malaysia and Singapore, the study details a multi-layered framework consisting of internal Shariah Boards, a Central Bank Islamic Finance Council, and a newly proposed Banking Ombudsman.
The findings reveal that Uzbekistan has opted for “integration without parallelism” - eschewing separate religious courts in favor of secular economic courts guided by expert Shariah oversight. Furthermore, the paper highlights the strategic adoption of international ADR standards, including the New York Convention and the Singapore Convention on Mediation, to bolster investor confidence. The study concludes that while the framework effectively addresses religious compliance and consumer protection, its ultimate success depends on secondary legislation, tax neutrality, and the rapid development of local Shariah-legal expertise.
Keywords
Islamic banking,
Dispute Resolution,
Shariah Governance
References
[1] [3] [6] Moody’s: Uzbekistan’s New Legal Framework for Islamic Banking to Boost Sector Growth — UzDaily.uz
[2] [4] [7] [25] Uzbekistan Advances Draft Law to Introduce Islamic Banking System - The Times Of Central Asia
[5] [8] Law on the Introduction of Islamic Banking in Uzbekistan Reviewed - INVEXI — Strategic & AI Governance Advisory | Investment Consulting | Uzbekistan & CIS
[9] [14] [16] Bank Ombudsman may appear in Uzbekistan — Frank.uz
[10] ifsb.org
[11] “Introduction of the Islamic Banking System: Towards a Sustainable Financial System” The 20th International Shariah Scholars Forum in Islamic Finance (ISSF 2025) - The Central Bank of the Republic of Uzbekistan
[12] [13] [15] [17] Parliament could get banking ombudsman - Tashkent Times
[18] Uzbek Authorities Visit OIC-AC - OIC-AC Organisation of Islamic Cooperation
[19] Uzbekistan - Jurisdictions - NYCG 1958
[20] Contracting States | New York Convention
[21] [26] Dispute Resolution in Malaysian Islamic Banking and Finance: Litigation or Arbitration? – International Journal of Research and Innovation in Social Science
[22] Singapore Ministry of Law and Uzbekistan Ministry of Justice Sign Cooperation Programme
[23] Singapore Convention Series: The "Sharia-Compliance" Requirement to Safeguard Enforcement Of Mediated Settlements In The MENA Region | Kluwer Mediation Blog
[24] Deputies approve bill on Islamic banking in first reading
How to Cite
Islamic Banking Dispute Resolution in Uzbekistan. (2026). Global Journal of Humanities and Social Sciences, 5(03), 65-71. https://doi.org/10.55640/gjhss/Volume05Issue03-04
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