Kuala Lumpur, Malaysia, 7 August 2025 – A high-level delegation from the Republic of Uzbekistan concluded a five-day technical study visit to Kuala Lumpur, Malaysia, aimed at exploring the principles and practices of Islamic finance. Organized by the Islamic Development Bank (IsDB) Center of Excellence in Kuala Lumpur (KLCoE) in collaboration with the Asian Development Bank (ADB) Country Office in Uzbekistan, the visit took place from 14-18 July 2025.

The delegation, led by H.E. Abrorkhuja TURDALIEV, Deputy Chairman of the Central Bank of Uzbekistan, included senior officials from key government bodies, including the Ministry of Finance and Economy, Ministry of Justice, National Tax Committee, and the Uzbekistan Mortgage Refinance Company.

The training program, co-developed by KLCoE in consultation with the Uzbekistan Central Bank and ADB, provided a comprehensive overview of Malaysia's robust Islamic finance ecosystem. The delegates participated in a series of training sessions covering a wide range of topics essential to the field. These sessions delved into crucial areas such as:

• Risk Management in Islamic Banking
• Shari'ah-compliant contracts in banking transactions
• The legal and regulatory framework governing Islamic banking
• Islamic Deposit Insurance Systems
• Accounting and Financial Reporting of Islamic banks
• The Shari'ah governance framework

The training was complemented by a series of industrial visits to leading institutions in Malaysia's financial sector. Key institutions visited included Central Bank of Malaysia (Bank Negara Malaysia), Malaysia Deposit Insurance Corporation, Islamic Financial Services Board (IFSB), Inland Revenue Board of Malaysia and Maybank Islamic as one of the largest Islamic banks in Southeast Asia.

The visit provided a unique opportunity for the Uzbek officials to learn from Malaysia's established experience in developing and regulating Islamic finance. The insights gained are expected to be instrumental as Uzbekistan continues to develop its financial infrastructure and explore new avenues for economic growth, supported by IsDB’s technical assistance programs.