Finance

Uzbekistan and Türkiye Discuss Islamic Finance Cooperation

Uzbekistan and Türkiye Discuss Islamic Finance Cooperation
Uzbekistan and Türkiye Discuss Islamic Finance Cooperation / Photo: Central Bank of Uzbekistan.

Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan and Türkiye have discussed prospects for expanding cooperation in Islamic finance, fintech and digital financial services.

The issues were discussed by Central Bank of Uzbekistan Deputy Chairman Sanjar Nosirov and Dr. Tarik Akin, Head of the Finance Department at the Office of Investment and Finance under the Presidency of Türkiye, on the sidelines of the Samarkand Islamic Finance Forum 2026, the Central Bank’s press service reported.

During the meeting, the Turkish side presented its experience in developing the regulatory framework for participation finance. Akin also outlined the use of savings-based financing models for purchasing housing and cars.

The talks also focused on the development of financial technologies and digital services. The two sides discussed the possibility of establishing bilateral working groups on Islamic finance and fintech, as well as approaches to regulating buy now, pay later (BNPL) services.

The participants also considered prospects for developing crowdfunding models and exchanging experience in this area.

Following the talks, the sides emphasised the importance of continued expert engagement and discussed possible formats for regular dialogue.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.