From April 27 to May 1 of this year, at the request of the Central Bank, a delegation led by Abdullah Haron, Assistant Secretary-General of the Islamic Financial Services Board (IFSB), visited Uzbekistan to support the development of the draft “Roadmap” for the development of the national Islamic finance industry in Uzbekistan for 2026–2030.
During the visit, a series of meetings were organized between representatives of the IFSB and the Central Bank, the Ministry of Economy and Finance, the Ministry of Higher Education, Science and Innovation, the Tax Committee, the National Agency of Perspective Projects, the Muslim Board of Uzbekistan, the Deposit Guarantee Agency, the Banking Association, stock exchanges, banks, consulting companies, microfinance institutions and insurance organizations.
The meetings focused on key issues such as the legislative framework established for Islamic finance in Uzbekistan, prospects for the development of Islamic banking, the Islamic capital market and Islamic insurance (takaful), as well as training and capacity building in the field of Islamic finance.
At the end of the visit, the parties agreed on joint tasks for the development of the draft “Roadmap”.
For information: The IFSB is an international organization based in Kuala Lumpur, Malaysia, that develops international standards for the regulation of Islamic banking, Islamic capital markets and Islamic insurance (takaful).
