UZBEKISTAN: Backed by institutions like IsDB, ACWA Power, Vision Invest and the Saudi Fund for Development, Uzbekistan is preparing to launch its first Shariah compliant investment fund by the end of 2025 to support MSMEs. The US$100 million fund will use Islamic financial instruments like Mudarabah, Murabahah and Ijarah – prioritizing shared risk and profit equity – with a target to later scale up the fund to US$500 million.
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