Tashkent, Uzbekistan (UzDaily.com) - 2nd CIS Islamic Banking and Finance Forum will convene in Tashkent – Uzbekistan on October 21, 2021 to explore and discuss innovative financial inclusion strategies that can create clear pathways to financial and economic Solutions. AlHuda CIBE organizing the 2nd CIS Forum with the collaboration of Multilateral Partner Islamic Corporation for the Development of the Private Sector- ICD. ICD is one of the premier Islamic multilateral financial institutions for the development of the private sector. This event is going to happen with the support of Uzbekistan Banking Association and Leasing Association of Uzbekistan. The Technology Sponsor for this event is Codebase Technologies. Apex Insurance LLC & Islamic Finance and Takaful Association are the Silver Sponsor. The Exhibition Sponsors are Caiz Holding, Uzcard and FinExtra.

More than 20 countries will be participating in this prestigious event including the Middle East, Kazakhstan, Tajikistan, Azerbaijan and Uzbekistan etc. Kazakhstan and Kyrgyzstan are well developed in this concept whereas Uzbekistan and Tajikistan are developing in the same way slowly but steadily. The theme of the forum is to explore the untapped potential of Islamic Finance market of CIS countries and to adopt the latest trends, address the challenges and discover the new opportunities in Islamic financial industry of Central Asia. Islamic Banking and Finance is the more befitting solution to financial sector demands and needs. The forum will cover a variety of topics including Islamic Finance, Financial Inclusion, Takaful, and Sukuk (the Islamic Bonds) Investment opportunities in Central Asia and Uzbekistan. After global crises the second outbreak to the world economy is Covid-19 pandemic and its post effects. Along with overall economic downfall, Islamic financial system is not far away from its adverse effects. The challenges and effects will also be discussed in this event by Islamic finance industry leaders.

The CIS region has significant potential for Islamic banking and finance industry but untapped. The main objectives of the forum include recognizing significant developments in Islamic Financial Infrastructure of Central Asia and linkages of Commonwealth of Independent States (CIS) Islamic Finance industry with international financial market. The event is open to the public with a very nominal entrance fee. It is highly recommended that more and more organizations, companies and banks should join the summit in order to gain the maximum benefit from this international event in Uzbekistan.

Muhammad Zubair Mughal, Chief Executive Officer, AlHuda CIBE - UAE echoed his thoughts and said that Islamic finance is fastest growing area in CIS countries, Islamic finance is not only developing its roots in Muslim countries but many non-Muslim countries are getting benefit from it. AlHuda Centre of Islamic Banking and Economics (CIBE) is committed to providing specialized Training, Advisory and Research globally with commitment, dedication, and aspiration in Central Asia. Industry well known speakers will be addressing the event.