Publication Details
Abstract
This scientific article comprehensively analyzes the economic efficiency of financing business projects through Islamic finance instruments - murabaha, musharaka, and ijara mechanisms. The study examines the role of instruments based on Islamic principles in supporting small and medium-sized businesses, their impact on the investment climate, as well as their contribution to economic growth and financial stability. The effectiveness and risk levels of these instruments in practice are compared using examples from various projects. Islamic financial instruments such as murabaha, musharaka, and ijara serve as alternative and stable sources of financing for business projects. Due to their focus on the real business sector, equitable risk distribution, and adherence to ethical standards, they play a crucial role in ensuring sustainable economic development. The article concludes with recommendations aimed at broader implementation and enhancement of the effectiveness of Islamic finance mechanisms.