Tashkent, Uzbekistan (UzDaily.uz) — The Central Bank of Uzbekistan and Malaysia’s INCEIF university have agreed to continue expanding cooperation in Islamic finance.
Prospects for collaboration were discussed by Central Bank Deputy Chairmen Sanjar Nosirov and Nodirbek Achilov with INCEIF Chairman Tan Sri Azman Mokhtar on the sidelines of the Samarkand Islamic Finance Forum, according to the press service of the Central Bank of Uzbekistan.
The participants reviewed progress under a memorandum of understanding signed by the two institutions on 17 September 2025 and identified priority areas for further joint work.
Cooperation will include research in Islamic finance. The sides also discussed preparing analytical materials and feasibility studies, as well as the possibility of providing advisory services on developing and improving prudential requirements and liquidity standards for Islamic banks.
Educational initiatives were another focus of the meeting. The parties agreed to continue professional development programmes for Central Bank employees, including the Executive Master in Islamic Finance (eMIF) programme.
They also discussed accelerating work on translating four books on Islamic finance.
Following the talks, both sides stressed the importance of making effective use of existing cooperation mechanisms, regularly exchanging expertise and consistently implementing joint initiatives.
The planned work is expected to help strengthen Uzbekistan’s institutional capacity in Islamic finance.
