TASHKENT — On behalf of the Acting CEO and General Manager of the Islamic Corporation for the Development of the Private Sector (ICD), Najmul Hassan and the First Deputy Chairman of the Board of the Joint-Stock Commercial Bank ASAKA Rustam Kasimov, signed a Memorandum of Understanding for up to $7.5 million of Shariah-compliant Line of Financing facility during the Islamic Development Bank Group’s Day event in Tashkent.
The $7.5 million Shariah-compliant Line of Financing facility will be utilized by Bank ASAKA to provide financial support to private sector, including small and medium enterprises (SMEs) in Uzbekistan through Islamic modes of financing. The financing will enable the bank to offer Shariah-compliant products along with other banking services.
Asia Alliance Bank: ICD and the First Deputy Chairman of the Board of the Joint-Stock Commercial Bank “Asia Alliance Bank” Umitjon Khakimov signed a Memorandum of Understanding on exploring the possibility of financing the private sector enterprises in Uzbekistan under a proposed Shariah-compliant Line of Financing Facility during the Islamic Development Bank Group’s Day event here. The Shariah-compliant Line of Financing facility will be utilized by Asia Alliance Bank to provide financial support to private sector, including small and medium enterprises (SME) in Uzbekistan through Islamic modes of financing.
Hamkorbank: On behalf of the Acting CEO and General Manager of ICD Najmul Hassan and the First Deputy Chairman of the Management Board of the Joint-Stock Commercial Bank Hamkorbank Alisher Mirzaev signed a Memorandum of Understanding on exploring the possibility of financing the private sector enterprises in Uzbekistan under a proposed Shariah-compliant Line of Financing Facility during the Islamic Development Bank Group’s Day event. The Shariah-compliant Line of Financing facility will be used by Hamkorbank to provide financial support to private sector, including small and medium enterprises (SME) in Uzbekistan through Islamic modes of financing.
Kapitalbank: The ICD and Chairman of the Management Board of the Joint-Stock Commercial Bank Kapitalbank Karimbayev Sherzod signed a Memorandum of Understanding on exploring the possibility of financing the private sector enterprises in Uzbekistan under a proposed Shariah-compliant Line of Financing Facility during the Islamic Development Bank Groups day event.
Turonbank: ICD and the Chairman of the Management Board of the Joint-Stock Commercial Bank Turonbank Mirzaev Chori signed a Memorandum of Understanding on exploring the possibility of financing the private sector enterprises in Uzbekistan under a proposed Shariah-compliant Line of Financing Facility during the Islamic Development Bank Groups day event. The Shariah-compliant Line of Financing facility will be used by Turonbank to provide financial support to private sector, including small and medium enterprises (SME) in Uzbekistan through Islamic modes of financing.
UzICB: ICD and the Chairman of the Management Board of the Joint-Stock Commercial Bank Uzbek Industrial and Construction Bank (UzICB) Sakhi Annaklichev signed a Memorandum of Understanding on exploring the possibility of financing the private sector enterprises in Uzbekistan under a proposed Shariah-compliant Line of Financing Facility during the Islamic Development Bank Groups Day event. The Shariah-compliant Line of Financing facility will be utilized by UzICB to provide financial support to private sector, including small and medium enterprises (SME) in Uzbekistan through Islamic modes of financing.
