Uzbekistan may have taken a back seat in Islamic finance compared to its Central Asian peers such as Kazakhstan, Kyrgyzstan and Tajikistan, but it is certainly catching up.

Fuelled by its Muslim-majority population, the Uzbek government has been ramping up its efforts to make Islamic financial products more readily available in the country of about 36 million, out of which approximately 95% identify as Muslims.

This commitment has been reflected in various government resolutions and the country’s National Development Strategies. The National Agency of Perspective Projects recently drafted a capital market legal framework, which included a dedicated chapter to Sukuk. At the same time, the Ministry of Investment, Industry, and Trade, in cooperation with the Central Bank of Uzbekistan and with support from the IsDB, has been working on developing a legislative framework for the introduction of Islamic banking. On the ground, we see local banks being more active in the space with the IsDB Group being involved; the market even welcomed its first private Sukuk offering by a fintech company this year.

Such promising developments set the stage for the inaugural IFN Uzbekistan Forum which will gather local and regional experts and leaders to explore available opportunities and address existing challenges.

In 2025 we continue to uphold our commitment to organize and deliver bespoke IFN Forums globally in targeted key markets that require interaction and discussion among the industry’s leaders.

Our IFN Forums are diverse events which combine panel discussions, dialogues, private and targeted networking sessions. Our priority is to ensure that we deliver quality events while achieving the highest desired outcome in Islamic finance excellence.

IFN Forums allow you to engage with these markets by ensuring a captive audience and reaching out to local and global audiences.

All IFN Forums will be recorded and posted online within a week of the event.