ICD and Uzbekistan’s Xalq Bank Sign Advisory Services Agreement to Support Launch of Islamic Window

Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB), and Uzbekistan’s Xalq Bank have signed an Advisory Services Agreement in relation to launching of an Islamic Window at Xalq Bank, according to media reports.

The agreement, which was signed by Ayman Amin Sejiny, Chief Executive Officer of ICD and Farkhod Islomovich Salamov, Chairman of the Management Board of Xalq Bank, will support the launch of an Islamic Window at Xalq Bank, which will allow the bank to offer Islamic products and services in Uzbekistan.

According to media reports, Xalq Bank has been a partner of ICD since 2013, and has utilised...