Finance
Finance
Alif issues first sukuk of US$5 million as part of US$50 million program
Alif has successfully issued a sukuk worth US$5 million. This was announced by the company’s CEO, Nuriddin Lafizov, on his LinkedIn page.
The Central Bank of Uzbekistan registers four more microfinance organizations
The Central Bank of Uzbekistan has added four more companies to the registry of microfinance organizations. This decision was made …
EBRD provides loan to UzCarlsberg for working capital
The European Bank for Reconstruction and Development (EBRD) has provided UzCarlsberg, a subsidiary of Carlsberg Group, with a loan of …
Rapid growth of Uzbekistan’s insurance sector driven by high-risk business areas
According to Fitch Ratings, the rapid growth of Uzbekistan’s insurance sector is driven by high-underwriting-risk areas, which could lead to …
Uzbekistan to establish a unified and transparent public sector pay system
Uzbekistan plans to reform the remuneration system for public servants by eliminating supplementary payments and bonuses from off-budget sources, ensuring …
Central Bank of Uzbekistan plans to create a universal payment QR code
In 2025, the Central Bank of Uzbekistan plans to introduce unified standards for payment QR codes, simplifying the cashless payment …
Central Bank of Uzbekistan plans to connect citizens to instant payment system
The Central Bank of Uzbekistan is considering connecting individuals to the Instant Payment System, as reported by Mirosiz Mirkhayotov, Deputy …
WeChat and Alipay could be integrated with Uzbekistan’s national payment systems
Chinese payment systems WeChat and Alipay may be integrated with Uzbekistan’s payment systems, according to Miraziz Mirkhayotov, Deputy Director of …
Uzbekistan allocates 4.4 trillion soums for mortgage loans in first three months of 2025
In the first three months of 2025, a total of 4.4 trillion soums was allocated for mortgage loans in Uzbekistan, …
Transaction volume via Uzbekistan’s interbank payment system reaches 7.279 quadrillion soums in 2024
In 2024, the total volume of transactions conducted through Uzbekistan’s interbank payment system reached 7.279 quadrillion soums, marking a one-third …