The global Islamic finance community will join in Uzbekistan this June for the 4th CIS Islamic Banking and Finance Forum, organized by AlHuda Center of Islamic Banking and Economics (CIBE).
AlHuda Center notes that scheduled for June 16-18, 2025 at the Hyatt Regency Tashkent, this landmark event comes at a pivotal moment as the industry approaches its projected US$5 trillion valuation by 2025.
The forum reportedly takes place against the backdrop of remarkable growth in CIS markets, where Islamic banking assets have expanded by 15% annually since 2018. Uzbekistan emergence as Central Asia’s Islamic finance hub reportedly makes it the ideal host, with the country implementing progressive reforms and forging strategic partnerships with institutions like the Islamic Development Bank.
According to AlHuda Center, the three-day program will tackle the most pressing opportunities and challenges facing Islamic finance in the region. The opening day will feature high-level discussions on regulatory harmonization across CIS markets, digital transformation through Islamic fintech solutions, and the development of Sukuk markets for infrastructure financing. Experts will also explore innovative approaches to financial inclusion through Shariah-compliant microfinance products tailored to the region’s needs.
Tajikistan is expected to be represented at the conference by Mr. Khurshed Mirakilov, Shariah Board Member, OJSC Tawhidbonk.
Following the main conference, banking professionals can deepen their expertise through an intensive two-day workshop on Risk and Deposit Management. Participants will gain practical insights into profit distribution models for Mudarabah deposits, liquidity management tools specifically designed for Islamic banks, and Shariah-compliant frameworks for asset-liability management.
The forum will host the prestigious CIS Islamic Banking and Finance Awards, celebrating innovation and best practices across 20+ categories. These awards honor institutions and individuals making exceptional contributions in areas ranging from Islamic fintech to Shariah-compliant investment banking, with past recipients including leading organizations from across the Muslim world.
The forum offers unparalleled networking opportunities and access to Uzbekistan’s rapidly developing Islamic finance ecosystem.
The forum reportedly enjoys strong backing from key industry players, including Uzbekistan’s leasing associations, Azerbaijan’s Microfinance Association, Azerbaijan Banking Association, Uzbek Leasing International A.O. and Bahrain Association of Banks, Azerbaijan Fintech Association, Uzbek Association for Microfinance Institutions and Association of Microfinance Institutions (AMFI), Kyrgyzstan– demonstrating the global interconnectedness of Islamic finance.
