President Shavkat Mirziyoyev’s approval of a dedicated Islamic finance law on 27 March 2026 marks a decisive inflection point in Uzbekistan’s financial evolution.
This report examines the divergent state strategies regarding Islam in Russia and Central Asia, specifically the “instrumentalisation” of religious identity for geopolitical expansion and the systematic “limitation” of faith to ensure domestic autocratic stability.
Yousuf Ibnul Hasan’s book Islamic Banking and Applied Finance is an extensive journey through the world of Islamic economic thought and its practical applications in modern finance.
SpecialEurasia engaged in a discussion with Mairbek Vatchagaev, a historian and political analyst specialising in the North Caucasus, to acquire deeper insight into the region’s dynamics, the Kremlin’s local strategy, the developing situation, and future risks.
The analysis of the role of Islam in Abkhazia thanks to the meeting with Nar Taniya in Sukhum allows the understanding of the country’s modern society and culture and, in addition, relations between Sukhum and the Arab-Muslim world.
In the ongoing contest between Russia and Ukraine for endorsement from the Islamic world, the North Caucasus emerges as a critical asset in the Kremlin’s strategic arsenal. It serves as a linchpin for Moscow’s domestic political efforts in managing a diverse, multireligious, and multiethnic society, while also underpinning Russia’s foreign policy activities directed towards the Arab-Muslim world.
Qatar’s recent diplomatic foray into Central Asia by the Emir Sheikh Tamim bin Hamad Al Thani marked a significant step in the nation’s regional foreign policy.
The KazanForum 2023 and Zelensky’s visit to Jeddah during the Arab League summit underlined how strategic is the Muslim world for Russia and Ukraine.
SpecialEurasia Managing Director, Silvia Boltuc, met in Astana the Chairman of the Spiritual Administration of Muslims of Kazakhstan, Supreme Mufti Nauryzbai kazhy Taganuly, to discuss the role of Islam in the country and the relations between the Kazakh Muslim umma (community) and other Muslim countries.
Since several Muslim soldiers are fighting in Ukraine among the ranks of the Russian troops, there is considerable debate and propaganda if they can be considered ‘mujahideen’ who fight in ‘the path of Allah’ or ‘disbelievers’.
Since the Ukraine conflict has attracted foreign fighters and the Russian Armed Forces have among their soldiers Muslim believers, the leaders of the Russian Muslim organisations released a statement supporting the Kremlin.
Giuliano Bifolchi, Research Manager di SpecialEurasia, analizza il processo storico, culturale e religioso della regione nord caucasica nel suo libro “Storia del Caucaso del Nord tra presenza russa, Islam e terrorismo” pubblicato da Anteo Edizioni.
Even though Islam is one of the main national confessions in Russia, the Kremlin has faced internal problems such as Islamophobia related to the terrorist attacks and jihadist propaganda disseminated on Russian soil.

Online Course Geopolitical Intelligence Analysis
Saturday, 11 April 2026
Are you interested in understanding geopolitics and learning how to assess geopolitical risk by using intelligence analysis and OSINT tools? Do not miss SpecialEurasia Online Course in Geopolitical Intelligence Analysis organised on Saturday, 11 April 2026!