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Open Bank was the first in Uzbekistan to receive an Islamic bank license. On October 23, the Central Bank Council approved the issuance of a permit for Islamic financial activity. License 1-I allows to perform Islamic financial operations in accordance with Section 5-1 of the Law "On Banks and Banking Activities". Among them are financing and withdrawing deposits on the basis of profit sharing (Musharaka), selling goods in installments (Murabah) and renting property with the right to purchase (Yajrah).

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Open Bank was the first in Uzbekistan to receive an Islamic bank license. On October 23, the Central Bank Council approved the issuance of a permit for Islamic financial activity. License 1-I allows to perform Islamic financial operations in accordance with Section 5-1 of the Law "On Banks and Banking Activities". Among them are financing and withdrawing deposits on the basis of profit sharing (Musharaka), selling goods in installments (Murabah) and renting property with the right to purchase (Yajrah).

Open Bank was the first in Uzbekistan to receive an Islamic bank license. On October 23, the Central Bank Council approved the issuance of a permit for Islamic financial activity. License 1-I allows to perform Islamic financial operations in accordance with Section 5-1 of the Law "On Banks and Banking Activities". Among them are financing and withdrawing deposits on the basis of profit sharing (Musharaka), selling goods in installments (Murabah) and renting property with the right to purchase (Yajrah).

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