Tashkent ready to challenge Dubai and Riyadh for Islamic fintech crown
Issac John Uzbekistan has emerged from the three-day Silk Road Finance & Technology Forum with an audacious ambition: to establish Tashkent as Central Asia’s financial technology gateway and, increasingly, as a bridge between the region and the $6 trillion global Islamic finance industry. The question is whether this is achievable — or is it just another aspirational hub strategy in an…
Uzbekistan has set its sights on becoming Central Asia's financial technology gateway and a key bridge to the $6 trillion global Islamic finance industry, as revealed by the Silk Road Finance & Technology Forum. With a population of over 39 million, burgeoning digital adoption, and a government committed to reform, Tashkent boasts an expanding fintech sector and a strategic National Fintech Strategy.
The Uzbek government is actively developing the institutional framework necessary for Islamic finance, including new legislation, Shariah governance, and the launch of a sovereign sukuk program. While Tashkent lags far behind the Gulf states in terms of existing Islamic finance infrastructure, it can realistically become a leading Islamic-fintech gateway for Central Asia, serving as a new financial corridor stretching from the Gulf deep into Central Asia.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
