Islamic Development Bank signs $265,000 deal to help Uzbekistan launch Islamic financial solutions
Published 04 Sep,2021 via Arab News - Economy - TASHKENT - The Islamic Development Bank on Saturday signed a grant agreement worth $265,000 to provide technical assistance to Uzbekistan for the establishment of a legal framework for Islamic banking and finance.
The deal also envisages the development of the requisite regulatory, supervisory, and Shariah guidelines, creating awareness and building capacity for Islamic banking in the country.
IsDB Group President Dr. Muhammad Al-Jasser told Arab News that his organization has all the necessary expertise to help Uzbekistan establish a Shariah-compliant banking sector.
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