Saturday, January 28, 2023
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

ICD, SQB Securities seal deal on Islamic finance, markets

Ehime Alex by Ehime Alex
January 27, 2021
in BUSINESS & ECONOMY
0
MUFG seals $520m COVID-19 response facility with Afreximbank
0
SHARES
30
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

The Islamic Corporation for the Development of the Private Sector, a private sector arm of the Islamic Development Bank, and SQB Securities LLC have signed a memorandum of understanding for the development of Islamic finance and capital markets in Uzbekistan.

The MoU was endorsed by the Chief Executive Officer of ICD, Ayman Sejiny, and CEO of SQB Securities LLC, Amur Djalilov, according to a statement by ICD on Tuesday.

READ ALSO

Afrinvest highlights investment outlook, opportunity for 2023

Lowering life’s risks through insurance

It said the document would cover among other areas of cooperation conduct selective training courses on Islamic finance and its products and services for local banks and financial institutions in Uzbekistan, introduce Islamic finance instruments such as Sukuk and other instruments, and attract potential international financial institutions to Uzbekistan market.

Read Also:

  • Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands
    Afrinvest, Interswitch, Obiano, UBA lead top 10 performing…
  • Absence of sacrifice hurting our polity, elections – Enechionyia
    Absence of sacrifice hurting our polity, elections –…
  • Scholarly opportunities in W’Africa and youth development
    Scholarly opportunities in W’Africa and youth development

“Providing assistance to the development of the Islamic finance industry has always been among our top priorities. We look forward to pursuing and intensifying this effort to better tackle Uzbekistan’s needs to develop innovative, robust, and competitive financial systems at both domestic and regional levels,” Sejiny said.

He added, “We will further strengthen our cooperation in promoting sustainable growth and attracting financing for the projects in Uzbekistan.”

On his part, Djalilov commented, “The Islamic finance and Shari’ah-compliant instruments have a huge potential in the market today and we believe that our capital markets will benefit from them which will be [an] alternative opportunity to conventional financial instruments and to attract new investments.”

Tags: Capital marketsICDIslamic financeSQB Securities

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Related Posts

Afrinvest West Africa
BUSINESS & ECONOMY

Afrinvest highlights investment outlook, opportunity for 2023

December 8, 2022
Nigeria Insurance
Front Page

Lowering life’s risks through insurance

December 5, 2022
business technology
BUSINESS & ECONOMY

IT and going concerns

November 30, 2022
Afrinvest soars
BUSINESS & ECONOMY

Tech-driven, growth-oriented Afrinvest soars in wealth management

November 21, 2022
BUSINESS & ECONOMY

Changing face of Nigeria’s financial industry with Optimus

November 14, 2022
as CBN redesigns N200
BUSINESS & ECONOMY

As CBN redesigns N200, N500, N1,000 bills…

November 7, 2022
Next Post
SME Growth

IFC invests $15m to boost SMEs in Central America


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Zelenskyy

Zelenskyy names Ezekwesili, others ‘Grain from Ukraine’ envoys

January 27, 2023
Absence of sacrifice hurting our polity, elections – Enechionyia

Absence of sacrifice hurting our polity, elections – Enechionyia

January 26, 2023
Brands in Nigeria

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

January 25, 2023
Rhodes Scholarships

Scholarly opportunities in W’Africa and youth development

January 24, 2023
Christmas and New Year holidays

Frustration of bank customers during public holidays

January 17, 2023

OAA agency celebrates as founder joins tourism experts

January 14, 2023
Ehizua Hub

Ehizua Hub, Igbinedion launch IUO Okada Hub

January 14, 2023

TRENDING

  • Brands in Nigeria

    Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

    0 shares
    Share 0 Tweet 0
  • Scholarly opportunities in W’Africa and youth development

    0 shares
    Share 0 Tweet 0
  • Ehizua Hub, Igbinedion launch IUO Okada Hub

    0 shares
    Share 0 Tweet 0
  • Absence of sacrifice hurting our polity, elections – Enechionyia

    0 shares
    Share 0 Tweet 0
  • The world of hire purchase transporters in Lagos

    2 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS