News

AlHuda CIBE Signs Strategic Cooperation Agreement With Uzbek Industrial and Construction Bank in Dubai, UAE

AlHuda Centre of Islamic Banking and Economics (CIBE) has entered into a landmark Cooperation Agreement with JSCB “Uzbek Industrial and Construction Bank” (Sanoatqurilishbank, SQB) during a prestigious signing ceremony held in Dubai, UAE. This momentous occasion marked a significant step towards fostering collaboration in Islamic banking and finance between the two entities. The agreement was signed by Mr. Muhammad Zubair, Managing Director of AlHuda CIBE, and Mr. Shukhrat Yakubov, Deputy Chairman of the Board of SQB. The ceremony was part of the high-level delegation visit led by the President of Uzbekistan to the UAE, emphasizing the importance of international cooperation and strategic partnerships.

The cooperation between AlHuda CIBE and SQB include initiatives to provide advisory services for structuring and issuing Sukuk, facilitate Shariah advisory and certification services, foster knowledge exchange and professional development through collaborative programs, and engage with international financial institutions to support innovative Shariah-compliant projects.