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Meeting with the Secretary General of the Islamic Financial Services Board
On July 2, 2025, in the framework of the 23rd Annual Meeting of the Islamic Financial Services Board (IFSB), the First Deputy Chairman of National Bank of Tajikistan Firuz Sharifzoda had a meeting with the Secretary General of the Board Mr. Giyos Shabsig. During the meeting, the parties have exchanged views on strengthening cooperation, promoting Islamic finance, implementing international IFSB standards, as well as developing a regulatory framework for issuing sukuk (Islamic securities), access to technical and financial resources, training highly qualified personnel in the field of Islamic finance and banking.
The First Deputy Chairman of NBT Firuz Sharifzoda has noted that the development of Islamic finance in the country as a priority strategic direction is of great importance for financial inclusion, diversification of the financial sector and provision of services in accordance with the principles of Islamic finance, and Tajikistan has done some work in this direction, including the development of regulatory legal acts, training of staff and the introduction of Islamic products. In turn, the IFSB Secretary General Mr. Giyos Shabsig has expressed the Council's willingness to develop standards, conduct joint training courses, provide technical support and strengthen regional cooperation.
During the talks, it was also emphasized that the National Bank of Tajikistan is not only the regulatory body of the banking system, but also the regulatory body of the country's insurance sector, including Islamic insurance (takaful). In this regard, the parties have agreed that the Republic of Tajikistan will be assisted in studying the experience of developed countries in the areas of takaful, sukuk, Islamic monetary instruments and Islamic financial technologies. It should be noted that the National Bank of Tajikistan has been a member of the IFSB since 2010, and its representatives actively participate in the organization's working groups. The cooperation of the NBT with the IFSB contributes to strengthening the regulatory framework and regulation and supervision of Islamic finance in the country.
Press Division
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04.07.2025