The Central Bank of Uzbekistan and the INCEIF university from Malaysia have agreed to further expand their joint work in the field of Islamic finance.
At the Samarkand Forum on Islamic Finance, deputies of the Central Bank Chairman, Sanjar Nosirov and Nodirbek Achilov, discussed prospects for cooperation with INCEIF Chairman Tan Sri Azman Mokhtar. According to the press service of the Central Bank of Uzbekistan, participants reviewed the progress made under the memorandum of understanding signed between the two institutions on September 17, 2025, and also identified priority areas for further joint activities.
Joint work will cover research in the field of Islamic finance. The parties also discussed the preparation of analytical materials and feasibility studies, as well as the possibility of providing consulting services on the development and improvement of prudential requirements and liquidity standards for Islamic banks.
Educational initiatives were another topic of the meeting. An agreement was reached to continue professional development programs for Central Bank employees, including the Executive Master in Islamic Finance (eMIF) program. Furthermore, the parties discussed accelerating the process of translating four books on Islamic finance.
Following the negotiations, both sides emphasized the importance of effectively utilizing existing cooperation mechanisms, regular experience exchange, and consistent implementation of joint projects. The planned work is intended to strengthen Uzbekistan's institutional potential in the field of Islamic finance.
