In Uzbekistan, sharia-compliant banking currently accounts for a marginal share of the Uzbekistani financial sector. Recent estimates expect that Islamic financial assets in Uzbekistan could reach more soon.
Uzbekistan is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Uzbekistan's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.
Currently, Uzbekistan has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.
UZBEKISTAN ONLINE SHARIA BANK