Jeddah, February 19, 2024, The Islamic Development Bank Institute (IsDB) has concluded a three-day customized capacity-building program on Islamic banking and finance tailored for bankers and financial sector experts hailing from the Republic of Uzbekistan.
Themed "Creating Value and Realizing Business Opportunities in Islamic Finance," the program took place at the IsDB headquarters in Jeddah from February 11 to 13.
Sixteen participants were hosted by the IsDB Institute, benefitting from a comprehensive curriculum comprising ten sessions. These sessions encompassed nine technical training modules on various aspects of Islamic banking and finance, supplemented by a panel discussion delving into the integration of digital technologies within Islamic finance frameworks.
Throughout the program, participants engaged in robust discussions with speakers, exploring avenues for developing competitive Shari’ah-compliant products tailored for introduction into Uzbekistan's financial landscape. The training sessions delved into pivotal areas such as the structuring of Islamic banking products, leasing, and retail financing products offered by non-banking entities like leasing and finance companies. Furthermore, contemporary technologies including blockchain and digital assets were examined for their potential applications within the financial sector. The program also shed light on the roles of different stakeholders in unlocking Islamic finance solutions to address contemporary economic challenges.
Equipped with both theoretical insights and practical knowledge, participants emerged prepared to contribute meaningfully to the advancement of the Islamic finance sector within Uzbekistan.
