Year: 2026
Type: article
Abstract: This article provides an in-depth scientific investigation into implementing a three-stage monitoring mechanism for investment projects by integrating Islamic finance principles (Maqasid al-Shariah) and ESG (Environmental, Social, Governance) criteria. The paper highlights the methodological limitations of traditional financial metrics in capturing non-financial risks across the project lifecycle. The author formulates a three-stage Phase-Gate monitoring architecture encompassing environmental screening, social audit, and governance control, alongside a novel "Maslahah-centric" assessment framework.Empirical analysis utilizing datasets from IsDB, World Bank, and AAOIFI demonstrates that this integrated approach reduces default probability by 18.4% and mitigates overall project risks by 15–20%. The findings provide actionable policy recommendations for green investment integration under the "Uzbekistan — 2030" strategy.
Source: Iqtisodiy taraqqiyot va tahlil
Authors: Diyora Ochilova, Nuriddin Raxmonov
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W7208790010