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.
An analytical article dedicated to the rich historical and cultural heritage of Uzbekistan, as well as the state policy aimed at its preservation and transmission to future generations, has been published in the popular Sri Lankan newspaper “Uthaym”, reports Dunyo IA.
Publication highlights the reforms underway in New Uzbekistan to revive national values, protect cultural heritage sites and advance science and education.
As noted in the article, in recent years, one of the priority areas of Uzbekistan's state policy has become the comprehensive improvement of the spiritual and educational sphere, the deep study of the centuries-old scientific and cultural heritage of the people, and its wide popularization in the global community. It is emphasized that systemic work is being carried out in the country to restore historical monuments, modernize the activities of museums and archives, preserve and digitalize manuscript funds, as well as promote national cultural heritage on the international arena.
Particular attention in the article is paid to the initiative of the President of Uzbekistan Shavkat Mirziyoyev to implement the idea of the Third Renaissance, which is viewed as one of the key strategic directions of the country's development. According to the author, this concept is designed not only to ensure the preservation of historical heritage but also to facilitate the strengthening of the intellectual and spiritual potential of the state through the harmonious development of science, education, culture and innovation.
“In this sense, the concept of the Third Renaissance is viewed as a nationwide program aimed at reviving the great scientific traditions of Uzbekistan, raising an educated and patriotic young generation, as well as further strengthening the country's international prestige”, publication states.
Furthermore, the publication highlights Uzbekistan's cooperation with UNESCO and other international organizations in the field of cultural heritage protection, alongside the country's efforts to preserve historical monuments and harmoniously develop international tourism and scientific research.
As the “Uthaym” newspaper notes, enlightening development model of New Uzbekistan arouses growing interest and attracts increasingly close attention from the international community.