INTEGRATING AN ALTERNATIVE FINANCIAL SYSTEM INTO THE TRADITIONAL FINANCIAL SYSTEM (in case of Islamic finance)
Sirojiddin Abrorov Abrorov
Paper Contents
Abstract
This paper explores the integration of alternative financial systems, particularly Islamic finance, into traditional financial structures. The process involves aligning regulations, capacity building, product innovation, infrastructure enhancement, risk management, stakeholder engagement, market awareness, international collaboration, gradual transition, and continuous adaptation. This integration marks a significant shift in the global financial landscape, impacting policymakers, institutions, and stakeholders. The paper offers insights and guidance for those navigating this transformative journey toward a more inclusive and ethical financial ecosystem.
Copyright
Copyright © 2024 Sirojiddin Abrorov. This is an open access article distributed under the Creative Commons Attribution License.