Malaysia Explores Investment in Uzbekistan’s Islamic Finance Sector
Malaysia and Uzbekistan Explore Collaboration in Islamic Banking Sector
Malaysia is poised to make a significant mark in Uzbekistan’s Islamic banking sector, following productive discussions between officials from Uzbekistan’s embassy and Nurbayu Binti Kasim Chang, the President and CEO of the Export-Import Bank of Malaysia (EXIM Bank).
The meeting centered around the potential for EXIM Bank to offer financial resources to Uzbekistan’s commercial banks and establish mutually beneficial partnerships. The focus was on collaborating with financially stable state and private banks in Uzbekistan that adhere to international ratings and standards.
Leveraging Malaysia’s extensive experience in Islamic banking, Uzbekistan extended an invitation to EXIM Bank to be among the first to enter the country’s Islamic banking and takaful (Islamic insurance) markets.
In response, EXIM Bank’s president expressed eagerness to engage in separate meetings with Malaysian companies seeking to invest in Uzbekistan. These discussions will involve a thorough evaluation of each company’s projects and the provision of favorable financial resources.
Should this collaboration come to fruition, Malaysia could pave the way for other countries looking to enter Uzbekistan’s burgeoning Islamic banking sector. Stay tuned for further developments in this exciting partnership between Malaysia and Uzbekistan.
