Islamic Development Bank Trains Uzbek Bankers
Training programs for four conventional banks on Islamic banking and finance have been conducted in Uzbekistan.
The programs were developed by the Islamic Development Bank Institute and the Islamic Corporation for the Development of the Private Sector.
The five-day training for each bank included the following subjects: principles of Islamic finance, Islamic financial contracts, and introduction to shari’ah standards.
It also delved into Islamic banking products, Islamic modes of finance, and liquidity and risk management in Islamic financial Institutions.
According to the UK-based business financing platform Qardus, Islamic banking accounts for over 6% of the global banking market.
Islamic Banking makes up over 68 percent of the total market of the global Islamic Financial Services industry.
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