The Islamic Banking System in Uzbekistan

Uzbekistan's "Agrobank" anonymous commercial bank met with representatives of the Islamic Corporation for Development of the Private Sector for bilateral cooperation.

During the meeting, Agrobank and the Islamic Corporation for Development of the Private Sector signed an agreement worth of $ 10 million.

These funds will be used to finance investment projects of business entities for 5 years based on Islamic Shariah rules.

The Parties have also signed a resolution to continue bilateral co-operation to establish additional financing lines.

Entrepreneurs should apply bank branches to take advantage of Islamic lending.