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.
This report evaluates the strengths, weaknesses, opportunities, and threats (SWOT) surrounding Russia’s newly launched Islamic banking pilot programme. Started in September 2023, the programme seeks to assess the feasibility of Islamic financial services across Tatarstan, Bashkortostan, Chechnya, and Dagestan.
This report covers the 34th conference on Islamic banking held at the Central Bank of Iran (CBI) in Tehran. The event gathered key financial leaders and government officials to discuss reforms in banking laws, the role of banks in supporting domestic production, and related economic issues.
The Embassy of the United Arab Emirates in the Russian Federation organised an event in the city of Makhachkala to promote the national culture and create a link with Dagestan, a strategic North Caucasian republic located on the Caspian Sea.