About AlHuda Center of Islamic Banking & Economics

Since 2005, AlHuda Center of Islamic Banking & Economics (CIBE) has been at the forefront of promoting Islamic Banking and Finance worldwide. Recognized for its exceptional services, including advisory, consultancy, research, education, Shariah advisory, and event organization, AlHuda CIBE offers comprehensive solutions for interest-free banking and finance. The center has earned global recognition, with strategic support from numerous international organizations and a growing alumni base spanning 104 countries.

AlHuda CIBE is dedicated to advancing the industry and has positioned itself as a global leader in capacity building, training, consultancy, and other services in Islamic finance. More information is available at www.alhudacibe.com

About Islamic Banking and Finance in CIS Countries

The CIS region presents immense untapped potential for Islamic banking and finance. With a large Muslim population and growing interest from Muslim business communities, the demand for Shariah-compliant financial products is rising. This demand opens up significant opportunities for regional development, economic integration, and enhanced trade relationships between the CIS, the Middle East, and beyond.

The 4th CIS - Islamic Banking and Finance Forum aims to tap into this potential by examining the latest trends, challenges, and opportunities within the region’s Islamic finance landscape. The forum will focus on the future of Islamic finance, Microfinance, Takaful, and fintech within the CIS region, addressing the immense growth potential, opportunities, and regulatory developments.

Global Growth of Islamic Finance

The Islamic finance industry is projected to reach $5 trillion by 2025, growing rapidly across banking, sukuk, Takaful, and fintech sectors. The rise in digital innovation and sustainable financial solutions, particularly in Islamic fintech, is expected to boost the market significantly. The CIS region, with a Muslim population exceeding 65 million, has seen a 15% annual growth in Islamic banking assets since 2018, indicating a strong market demand.

Countries such as Uzbekistan, Kazakhstan, and Azerbaijan are spearheading regulatory reforms and forming strategic partnerships with Middle Eastern financial institutions, accelerating the growth of Islamic finance in the region.