On the International Day for Disaster Risk Reduction, observed annually on 13 October, the Organization of Islamic Cooperation (OIC) joins the international community in expressing solidarity with all victims of natural and human-made disasters around the world.
This year’s theme, “Fund Resilience, Not Disasters,” highlights the urgent need to invest in resilience-building and preventive measures rather than in post-disaster recovery.
The OIC underscores that disasters continue to impose heavy human and economic costs, severely affecting socio-economic development and posing existential threats to vulnerable communities across many of its Member States.
With several Member States frequently impacted by floods, epidemics, earthquakes, landslides, storms, and droughts, the OIC places high priority on disaster prevention and management, as emphasized in its Ten-Year Program of Action 2025.
Reaffirming its commitment, the OIC calls for stronger partnerships among Member States, international organizations, and local communities to develop effective strategies that enhance preparedness, reduce vulnerabilities, and improve recovery capacities.
“As disasters become more frequent and intense due to climate change and other global challenges, we must act collectively and decisively to build resilience and protect lives,” said H.E. Mr. Hissein Brahim Taha, Secretary-General of the OIC. “Investing in prevention today will save countless lives and resources tomorrow.”
The OIC also stresses the need to accelerate the implementation of the Sendai Framework for Disaster Risk Reduction, in line with national disaster management strategies and priorities.
Representatives of the banking and financial sector of Uzbekistan upgraded their qualifications by participating in the “Islamic Banking Window” training and practical program, organized by the Association of Shariah Advisors in Islamic Finance Malaysia (ASAS), reports Dunyo IA.
Ambassador of Uzbekistan Karomiddin Gadoev, noted that on the initiative of the Head of State, large-scale reforms to introduce Islamic finance have been launched in the country, and the adoption of the relevant law this year marked a turning point in the development of this sector. He highlighted three key advantages of the Malaysian experience: the parallel functioning of conventional and Islamic banking systems under a single regulator, centralized Shariah oversight through a single board under the Central Bank and the “Islamic window” model, which allows for the launch of Islamic financial services without establishing separate banks.
Dr. Muhd Ramadhan Fitri, Deputy Chief Executive Officer of “Maybank Islamic Berhad”, noted Uzbekistan's steps in this sector and expressed readiness to provide practical and technical support in establishing “Islamic windows” and financial infrastructure.
Head of ASAS, Makhtar Abdullah, remarked that the seminar participants had acquired advanced knowledge in the areas of Islamic finance instruments, Shariah governance and the organization of “Islamic windows” in commercial banks. Such programs, as noted in the publication, serve as a foundation for elevating Uzbek-Malaysian financial cooperation to a new stage.