Events
The Islamic Finance Development Report 2025, jointly issued by the Islamic Corporation for the Development of the Private Sector (ICD) and the London Stock Exchange Group (LSEG), marks 50 years since the foundation of modern Islamic finance. The report presents data from 140 countries and provides a comprehensive analysis of the industry’s performance, governance, sustainability, knowledge, and awareness indicators.
By the end of 2024, global Islamic finance assets reached US$5.98 trillion, reflecting a 21% annual growth. The industry is projected to grow to US$9.7 trillion by 2029. Islamic banking continues to dominate with 72% of total assets, followed by sukuk (US$1 trillion), Islamic funds, and Takaful. The top-performing countries in the Islamic Finance Development Indicator (IFDI) are Malaysia, Saudi Arabia, UAE, Indonesia, and Pakistan.
The report highlights Malaysia’s leading role in sustainable Islamic finance, digital innovation, and financial inclusion. Governance remains the strongest performing pillar globally, while sustainability is the fastest-growing focus area, especially in ESG sukuk and green finance initiatives.
Key emerging trends include:
- Expansion of Islamic finance in non-OIC countries, now active in 84 markets.
- Rapid growth in Islamic FinTech and digital banking.
- Rising integration of Shariah and sustainability principles.
- Continued development of Takaful and Islamic funds.
Overall, the 2025 report emphasizes that Islamic finance has transformed from a niche concept into a global ethical financial system, playing an increasingly vital role in sustainable and inclusive economic growth worldwide.
Events
IFN Uzbekistan Forum 2025: Welcome to the New Era of Islamic Finance
Introduction: A Moment of Development
Uzbekistan is rapidly accelerating its progress in Islamic finance within the Central Asian region. With approximately 95% of its 36 million population being Muslim, the demand for Islamic financial products is high. The Uzbek government is demonstrating a firm political will to develop the legislative basis for introducing Islamic banking and establishing the Sukuk market. The ongoing efforts led by the Central Bank and the Ministry of Investment, supported by the IsDB Group, are laying a solid foundation for the sector.
About the Event
It is during this crucial period that we are delighted to announce the inaugural IFN Uzbekistan Forum 2025.
Date: 28th October 2025
Venue: Uzbekistan Banking Association
Format: The specially designed forum will feature panel discussions, dialogues with leading experts, and high-level targeted networking sessions.
Why You Should Attend
This Forum will bring together some of the brightest minds in the local and international financial world. By attending, you will gain:
Exploration of Opportunities: Directly study the latest opportunities emerging in Uzbekistan’s investment market through Islamic finance tools (including leasing and Sukuk).
Understanding the Legislation: Be among the first to learn about the newly adopted or drafted regulatory documents and their impact on activities within the country.
Expansion of Connections: Establish valuable connections with regional experts, government officials, bank executives, and international investors.
Participation and Partnership
Seats for the Forum are limited and exclusive. You can register via the site to Attend Physically or explore the opportunities to Become a Partner to showcase your company on an international stage.
Following the event, all discussions will be recorded and made available online within one week.
Be a part of these significant changes in the financial world! Continue to follow our page for more details.
Events
IsDB Field Representative in Uzbekistan
Joins Seminar-training with the participation of International Financial Institutions and Foreign Governmental Financial Organizations, held in the Republic of Karakalpakstan
Nukus, 28 August 2025 – Khusan Khasanov, Field Representative of the Islamic Development Bank (IsDB) in Uzbekistan, took part in a seminar-training session held in Nukus, Republic of Karakalpakstan. The event brought together representatives from international financial institutions (IFIs) and foreign governmental financial organizations (IFGOs) to discuss investment opportunities and strengthen collaboration in the Aral Sea disaster region.
The seminar was organized by the Ministry of Investment, Industry and Trade of Uzbekistan and chaired by Mr. Vladimir Zhollybekov, Deputy Chairman of the Council of Ministers of Karakalpakstan and Minister of Investment, Industry and Trade. Mr. Alisher Mursaliyev, Director of the Ministry’s Department, also co-chaired the event. Delegates from the Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), Agence Française de Développement (AFD), and the Export-Import Bank of China delivered presentations on their respective initiatives.
Mr. Khasanov presented an overview of the IsDB Group’s operations in Uzbekistan, highlighting the current portfolio and outlining mechanisms for financing private sector development. He emphasized the availability of funding through lines of finance provided by the Islamic Corporation for the Development of the Private Sector (ICD) and the International Islamic Trade Finance Corporation (ITFC), which are accessible via joint-stock banks.
The seminar attracted over 120 participants, including representatives from local ministries, government agencies, stakeholders, and small and medium-sized enterprises (SMEs), reflecting strong interest in regional development and international cooperation.
Events
On September 17, 2025, IsDB together with the GoU is organizing panel session on “The Role of Islamic Finance in Poverty Reduction: New Opportunities and Solutions.” The session will be organized within 3rd International Poverty Reduction Forum with participation of Islamic Development Bank President, Dr. Muhammad Al Jasser. This session, scheduled for 11:45–12:45 in Room 2, will explore how Islamic finance instruments—including zakat, waqf, and interest-free financing models—can be leveraged to support poverty reduction efforts. The discussion will focus on practical strategies and successful case studies, highlighting how ethical and solidarity-based finance can contribute to sustainable economic empowerment for vulnerable populations.
The session will feature a distinguished lineup of speakers, including:
- Dr. Muhammad Al Jasser, Chairman of the Islamic Development Bank (IsDB) group, who will deliver a keynote address.
- Dr. Muhammad Amjad Saqib, a renowned development practitioner and founder of Akhuwat, known for his expertise in poverty alleviation initiatives and social development.
- Mr. Timur Ishmetov, chairman from the Central Bank of Uzbekistan.
- Mr.Anas Qarman, Deputy Resident Representative of UNDP Uzbekistan.
- Mr. Arsen Mustafin, Deputy Chairman of the Management Board at DAMU Entrepreneurship Development Fund JSC, Kazakhstan.
- International experts in Islamic Finance and Poverty Reduction.
This session underscores the growing recognition of Islamic finance as a powerful tool for inclusive economic growth and social development.
Events
Our organization regularly conducts seminars, training programs, roundtable discussions, and other events. This section provides comprehensive information about such events. These gatherings serve as platforms for knowledge sharing, expanding professional networks, and discussing key issues in Islamic finance.
Here, you can find announcements, photo reports, video recordings, and participation details of past and upcoming events.
UNDP Program in Uzbekistan held a session on the potential of Takaful insurance
UN DEVELOPMENT PROGRAM IN UZBEKISTAN
Speaker: Ervin Noekman
