Open Bank received the first license for Islamic banking in Uzbekistan For the first time, the Central Bank of Uzbekistan issued a permit to conduct Islamic banking operations. Open Bank received a license, the regulator's press service reported. The document allows the bank to offer financing in the form of profit sharing, to attract deposits for investment, to sell goods in installments and to provide pre-financing for the supply of goods. Co-investment projects and Islamic rental of property with the option of subsequent purchase are also permitted. The central bank recommends that before submitting an application for banking services, customers check the official website for a license that permits the relevant operations.

Open Bank received the first license for Islamic banking in Uzbekistan For the first time, the Central Bank of Uzbekistan issued a permit to conduct Islamic banking operations. Open Bank received a license, the regulator's press service reported. The document allows the bank to offer financing in the form of profit sharing, to attract deposits for investment, to sell goods in installments and to provide pre-financing for the supply of goods. Co-investment projects and Islamic rental of property with the option of subsequent purchase are also permitted. The central bank recommends that before submitting an application for banking services, customers check the official website for a license that permits the relevant operations.