Central Asia pushes Islamic finance in preparation of post-Covid era

Islamic banking in Central Asia, namely in the Commonwealth of Independent States (CIS) is developing fast and is on the best way to become integrated into the global Islamic finance industry. One sign for this are the currently ongoing preparations for the CIS Islamic Banking and Finance Forum 2020 to be held from August 13 to 15 this year in Tashkent, Uzbekistan. The event will focus on a broad variety of Islamic banking themes, including financial inclusion and poverty alleviation, takaful, sukuk and Islamic microfinance, the introduction of Islamic finance and operations in the region and their potential, regulation, auditing and Islamic finance contracts, Islamic fintech, the role of Islamic Finance in reaching the United Nation's Sustainable Development Goals, as well as general investment opportunities in the CIS member states.