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Islamic Development Bank Institute Provides Training Program for Uzbekistan’s Bankers and Financial Sector Experts

The Islamic Development Bank Institute (IsDB Institute) (https://IsDBInstitute.org/) successfully conducted a customized three-day Islamic banking and finance capacity-building program for bankers and financial sector experts from the Republic of Uzbekistan.

Themed “Creating Value and Realising Business Opportunities in Islamic Finance”, the program took place in Jeddah, Saudi Arabia, from 11-13 February 2024, in partnership with Islamic Business and Finance LLC (Uzbekistan).

The IsDB Institute hosted 16 participants at the IsDB HQ and delivered 10 sessions, including nine technical training sessions on Islamic banking and finance and a panel discussion on the integration of digital technologies in Islamic finance.

During the discussions, participants and speakers focused on developing competitive Shari’ah-compliant products for the Uzbekistan financial sector.

The training covered topics such as structuring Islamic banking products, leasing, and retail financing products by non-banking institutions (e.g. leasing companies, finance companies), modern technology like blockchain and digital assets in the financial sector, and the role of different stakeholders in providing Islamic finance solutions for contemporary economic challenges.

The sessions featured a variety of speakers, with Dr. Sami Al-Suwailem, Acting Director General of the IsDB Institute, leading the discussions. Other speakers included Dr. Hilal Houssain, Dr. Abozer Mohamed, Mr. Syed Faiq Najeeb, and Mr. Mohamed Naamani from the IsDB Institute.

Two staff members from IsDB Group Entities, Mr. Muhammad Adnan bin Hasan (ICD) and Mr. Lotfi Zairi (ICIEC), as well as external expert trainers, Mr. Hamza Khalid Bawazir, Executive Vice President and Head of Shariah Division, Saudi National Bank (SNB), and Dr. Farrukh Habib, Co-Founder and CEO, Alif Technologies (UAE), also contributed to the program.

The program equipped participants with practical and theoretical knowledge to help develop the Islamic finance sector in Uzbekistan.

Media contact:
Habeeb Idris Pindiga
Associate Manager, Knowledge Horizons
hpindiga@isdb.org

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About the Islamic Development Bank Institute:
The Islamic Development Bank Institute (IsDBI) is the knowledge beacon of the Islamic Development Bank Group. Guided by the principles of Islamic economics and finance, the IsDB Institute leads the development of innovative knowledge-based solutions to support the sustainable economic advancement of IsDB Member Countries and various Muslim communities worldwide. The IsDB Institute enables economic development through pioneering research and original economic analysis, human capital development, and knowledge creation, dissemination, and management. The Institute leads initiatives to enable Islamic finance ecosystems, ultimately helping Member Countries achieve their development objectives. More information about the IsDB Institute is available on https://IsDBInstitute.org/

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