The Islamic Development Bank Institute (IsDB) has recently concluded a specialized training program tailored for financial experts and bankers from Uzbekistan. This intensive three-day workshop was centered on the theme, “Creating Value and Realizing Business Opportunities in Islamic Finance” and took place at the IsDB’s headquarters in Jeddah, from February 11 to 13.
A group of 16 professionals participated in the program, which was composed of 10 sessions. The comprehensive curriculum included nine sessions dedicated to the technical aspects of Islamic banking and finance and culminated in a panel discussion focused on the incorporation of digital technologies in the Islamic financial landscape.
Throughout the training, there was a significant exchange of ideas regarding the creation of competitive Shari’ah-compliant financial products for Uzbekistan’s market. Among the topics covered were the structuring of Islamic banking products, leasing, and retail financing by non-banking entities such as leasing and finance companies. The course also delved into the integration of cutting-edge technologies like blockchain and digital assets into the sector, as well as the critical roles that different stakeholders play in developing Islamic finance solutions to tackle current economic issues.
The program was not only theoretical but also provided participants with practical knowledge. This empowered them to actively contribute to the progress and expansion of the Islamic finance sector within Uzbekistan.