Integration of Islamic banking systems and its impact on market share and bank profit (Case study of Central Asia)

In the modern world, Islamic banking has been able to introduce itself as a powerful financial system. At present, in many countries, both Muslim and non-Muslim, Islamic banking and finance not only operates parallel to the traditional banking system, but in some cases also takes the lead. In this article, we intend to introduce Islamic banking and examine its impact on the economic growth and development of Central Asian countries. This research first describes the main features of Islamic banking, the integration of Islamic banking systems and its impact on market share and bank profit (a case study of Central Asia) and introduces the benefits of having these features as well as the key tools of Islamic banking. Then we compare Islamic banks with conventional banks in areas such as market share and bank profit. The research results show that previous studies confirm the hypothesis that Islamic banking is the main channel of economic growth. First, the benefits of Islamic banking over conventional banking seem to promise greater economic growth. On the other hand, in general, it can be said that the Islamic economic environment, which uses cooperative contracts and exchanges to an appropriate extent instead of profit, can lead to more economic progress and development with fewer crises for various reasons. And the face is shorter. Of course, Islamic banking cannot be considered as a basis for development in all conditions. Probably, in the cases mentioned in the text of the article, adherence to Islamic banking can slow down development. One of the policy implications of this research is that Islamic banking contributes to macroeconomic stability in developed and developing countries.