Work

Improving the Methodology for Assessing the Development of Islamic Finance in Developing Countries

Year: 2026

Type: article

Abstract: The article analyses existing approaches to measuring the level of Islamic finance development in developing countries and identifies their main shortcomings: excessive focus on size, neglect of social outcomes, subjectivity in weighting, and data limitations. To address these problems, a five-block Integrated Islamic Finance Development Index (IMRI) methodology is proposed. The methodology includes the stages of normalisation, hybrid weighting, non-compensatory aggregation, robustness testing, and macroeconomic validation.

Source: American journal of social and humanitarian research.

DOI: 10.31150/m9n9cz39

Author: Sherzod Ziyo Azamat o’g’li

Institution: Tashkent International University

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: bronze

OpenAlex ID: W7225453358

FWCI:

Cites: 20

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Related to: 10