Finance
Finance
Central Bank Approves Licensing Rules for Islamic Banking
The Central Bank of Uzbekistan has approved licensing rules for Islamic banks and Islamic windows operated by existing commercial banks.
Uzbekistan Updates Regulations for Islamic Banking Framework
Uzbekistan's Central Bank has amended eight regulations to strengthen the legal framework for Islamic banking, covering licensing, governance and prudential …
IFC Launches First Catalytic First Loss Guarantee in Uzbekistan
IFC has launched its first Catalytic First Loss Guarantee investment in Uzbekistan with Ipak Yuli Bank to expand financing for …
ITFC, Hamkorbank Sign US$100 Million Islamic Finance Deal
ITFC and Hamkorbank have signed a US$100 million syndicated Islamic trade finance facility, the largest standalone transaction of its kind …
Uzbekistan Proposes Comprehensive Pension System Reform
Uzbekistan's Economy Ministry has proposed pension reforms for 2027–2029 aimed at strengthening the Pension Fund, expanding contributions and reducing reliance …
Property tax privileges to be moved online
The Cabinet of Ministers of Uzbekistan has approved a regulation enabling citizens to apply for land and property tax privileges …
Uzbekistan simplifies Tax Free rules for foreigners
The Cabinet of Ministers of Uzbekistan has approved amendments to the Tax Free system, lowering the minimum purchase threshold and …
Uzbek Banking Supervision Committee Fines 21 Banks in June
Uzbekistan's Banking Supervision Committee fined 21 banks in June after reviewing compliance, licensing and prudential requirements during seven meetings.
Uzbek Central Bank Replaces 7-Day Bonds With Repo Auctions
Uzbekistan's Central Bank has replaced seven-day bond auctions with seven-day repo auctions as its main liquidity absorption tool to strengthen …
Hamkorbank and HBCAPITAL Join Uzbekistan's Regulatory Sandbox
Uzbekistan's National Agency of Perspective Projects has admitted Hamkorbank and HBCAPITAL to its regulatory sandbox to test a foreign currency …