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Central Bank of Uzbekistan and Investment and Finance Office of the Presidency of Türkiye Discuss Cooperation in Islamic Finance

Update date: 30 Oct 2026, 15:12
30 Oct 2026

On the sidelines of the Samarkand Islamic Finance Forum 2026, Deputy Governor of the Central Bank of the Republic of Uzbekistan Sanjar Nosirov held a meeting with Dr. Tarik Akın, Head of the Department of Finance at the Investment and Finance Office of the Presidency of the Republic of Türkiye.

The meeting addressed potential areas of cooperation in Islamic finance. Dr. Akın shared Türkiye’s experience in establishing the legal framework for participation finance, as well as in applying savings-based financing models for housing and vehicle purchases.

The parties also exchanged views on fintech and digital financial services and considered possible formats for regular expert engagement.

The sides underscored the value of continued experience-sharing.

During the meeting, promising areas of cooperation in the field of Islamic finance were discussed, including the formation of a legal framework for participatory financing and the experience of applying fund-based financing models for the purchase of housing and cars. Special attention was also paid to the development of fintech and digital financial services, the creation of a bilateral working group in Islamic finance and fintech, the regulation of BNPL services, and the exchange of experience in the development of crowdfunding models.

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