Islamic Finance Development Discussed in Tashkent Forum

Tashkent, Uzbekistan (UzDaily.com) — Development of Islamic finance and capital markets was discussed in Tashkent at the IFN Uzbekistan Forum 2026, where representatives of the National Agency for Perspective Projects of Uzbekistan took part in the discussions.

The event brought together delegates from 15 countries and served as a key platform for dialogue between government bodies, financial institutions, and international experts.

The forum was organized at the initiative of the Islamic Development Bank Islamic Development Bank by RedMoney RedMoney in cooperation with the Association of Banks of Uzbekistan Association of Banks of Uzbekistan. Around 200 delegates participated, including representatives of commercial banks, investment organizations, international development institutions, and government bodies.

Within the business program, participants reviewed the formation of a sustainable Islamic finance system in Uzbekistan.

Discussions covered the development of the regulatory framework, strengthening the Islamic banking ecosystem, prospects for issuing and circulating sukuk in the national capital market, the country’s investment potential, as well as the introduction of digital technologies and fintech solutions.

Saibjan Khudayberdiyev, Head of the Capital Market Development Department at the National Agency for Perspective Projects of Uzbekistan National Agency for Perspective Projects of Uzbekistan, noted that the draft law “On the Capital Market” includes a separate chapter regulating the issuance of Islamic securities. He said this creates a legal basis for the inclusion of sukuk in the national capital market and provides legal certainty for issuers and investors.

Participants assessed that the forum confirmed growing interest in the development of Islamic finance in Uzbekistan and highlighted the need for further improvement of the regulatory framework, expansion of investment instruments, and deeper international cooperation in the financial sector.