The article analyzes the general requirements for housing finance contracts under Islamic finance and the national legislation of the Republic of Uzbekistan, as well as their specific differences. In the Islamic finance system, contracts are concluded in accordance with the norms of Sharia and do not contain prohibited elements such as usury (riba), gambling (maysir), or uncertainty (gharar). In addition, the subject matter of the contract must be based exclusively on permissible (halal) activities, profit and risk must be fairly distributed between the parties, and the transaction must comply with the principle of realism. National legislation, in particular the Civil Code of the Republic of Uzbekistan, guarantees the freedom to conclude contracts and the freedom to define terms that do not contradict the law. The study explains the reasons for the prohibition of riba, as well as the principle that housing finance contracts in Islamic finance must be based on real assets. In this regard, it is shown that in the practice of traditional mortgage lending, the bank acts only as a lender, receiving income in the form of interest, whereas in Islamic finance, the financial institution is the owner of the asset and shares the risk and profit with the client. The article also provides a scholarly analysis of the common features of Islamic finance principles and national legal norms, as well as their converging and differing aspects. The freedom to conclude contracts in accordance with the principles of Islamic finance, within the framework of the existing principle of freedom of contract, is considered as a legal mechanism that grants individuals and legal entities the opportunity to define their rights and obligations based on Sharia requirements and to freely include terms that do not contradict the law.

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