Islamic banking

Islamic finance goes global as Uzbekistan opens the door

18:27

View from Uzbekistan

Islamic finance goes global as Uzbekistan opens the door

Once associated mainly with Muslim-majority countries, Islamic finance has become a global industry. Its assets reached around $5.98 trillion in 2024, according to ICD-LSEG, as more countries explore Shariah-compliant finance.

Uzbekistan moves toward Islamic banking as Senate backs new law

14:00

South Caucasus

Uzbekistan moves toward Islamic banking as Senate backs new law

Uzbekistan is preparing to introduce Islamic banking after the Senate approved legislation creating a legal framework for Sharia-compliant financial services, a move authorities say could broaden financial access and attract new investment into the country’s economy.

Uzbekistan moves towards Islamic banking with law expected soon

15:37

Financial sector reform

Uzbekistan moves towards Islamic banking with law expected soon

Uzbekistan is moving closer to introducing Islamic banking, with a dedicated law expected to be adopted soon as regulators complete the legal and institutional framework for the sector.

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