The Islamic Financial Services Board and the Eurasian Development Bank signed a memorandum of understanding to support the development, regulatory alignment and financial stability of Islamic finance across Central Asia and the broader Eurasian region. Cooperation will cover capacity building for regulators, central banks and market practitioners, technical guidance to align national regulatory frameworks with international benchmarks, joint research and market intelligence, and regional policy dialogues. The first joint workshop will take place in Almaty, Kazakhstan, on Oct. 22-23, bringing together more than 70 representatives from authorities and financial institutions in Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan. Further regional activities are expected to begin in the first quarter of 2027.
Islamic Financial Services Board and Eurasian Development Bank sign partnership to advance Islamic finance in Central Asia
The Islamic Financial Services Board and the Eurasian Development Bank agreed to cooperate on regulatory alignment, capacity building and research to support Islamic finance in Central Asia. Their first joint workshop will convene more than 70 public and private sector representatives in Kazakhstan on Oct. 22-23, with further regional activities expected from the first quarter of 2027.