Tashkent, Uzbekistan (UzDaily.com) — Alif has successfully issued a sukuk worth US$5 million. This was announced by the company’s CEO, Nuriddin Lafizov, on his LinkedIn page.

“We have completed the first private sukuk issuance for Alif, issuing securities worth US$5 million as part of a larger program totaling US$50 million,” he wrote.

According to the provided information, the instrument is structured as a Sukuk al-Mudarabah, offering investors the opportunity to participate in the further development of Alif in Uzbekistan in full compliance with Islamic financing principles.

“This deal marks an important milestone in recognizing Central Asia as a transparent and reliable player in the global Islamic finance market,” emphasized Lafizov.

He also expressed gratitude to the project partners—Amber Investments Ltd, CBH Compagnie Bancaire Helvétique SA, Morgan, Lewis & Bockius LLP, and Alhamd Shariah—for their support and assistance in structuring the deal.