Towards the pursuance of our goal to promote Islamic Banking and Finance all over the globe, AlHuda Centre of Islamic Banking and Economics is working diligently since 2005. AlHuda CIBE has been acknowledged as a distinguished service provider due to our notable services, team of dedicated professionals and one stop solutions of Islamic Banking and Finance. Our aim is to provide state-of-the-art services of Islamic banking and finance. We are proud to be prominent for our Advisory and consultancy, research and development, education and capacity building, Shariah advisory, publication and events all over the world. AlHuda CIBE is supported by many national and international organizations and institutions as Strategic Partners support and our Alumni have spread over 100 countries. We are proud to stand among world's largest presences for capacity building, trainings, consultancy and other services. More details are available at www.alhudacibe.com

About Islamic Banking & Finance

Islamic Banking and Finance has been a hope for the purified financial system around the globe and is being considered as the best option to address the damages of interest based system in baking and financial industry. The growth indicators for Islamic Banking and Finance ensure its strength and global acceptance. Importantly the recent global finance crises have proved the rationality behind Islamic Banking and Finance when no substantial damage to the Islamic Banking and Finance industry was evidenced in consequences of such global finance crises. Beside the appreciable growth indicators in Islamic Banking and Finance the lack of human capital and skilled personnel have been the critical areas which require immediate attention.

About Kyrgyzstan

A Central Asian country of incredible natural beauty and proud nomadic traditions, most of the territory of present-day Kyrgyzstan was formally annexed by the Russian Empire in 1876. The Kyrgyz staged a major revolt against the Tsarist Empire in 1916 in which almost one-sixth of the Kyrgyz population was killed. Kyrgyzstan became a Soviet republic in 1926 and achieved independence in 1991 when the USSR dissolved. Nationwide demonstrations in 2005 and 2010 resulted in the ouster of the country’s first two presidents, Askar AKAEV and Kurmanbek BAKIEV. Interim President Roza OTUNBAEVA led a transitional government and following a nation-wide election, President Almazbek ATAMBAEV was sworn in as president in 2011. In 2017, ATAMBAEV became the first Kyrgyzstani president to step down after serving one full six-year term as required at the time in the country’s constitution. Former prime minister and ruling Social-Democratic Party of Kyrgyzstan member, Sooronbay JEENBEKOV, replaced him after winning the 2017 presidential election, which was the most competitive in the country’s history, although international and local election observers noted cases of vote buying and abuse of public resources. In October 2020, protests against parliamentary election results spread across Kyrgyzstan, leading to JEENBEKOV’s resignation from the presidency, and catapulting previously imprisoned Sadyr JAPAROV to acting president. In January 2021, Kyrgyzstanis formally elected JAPAROV as president and approved a referendum to move Kyrgyzstan from a parliamentary to a presidential system. In April 2021, Kyrgyzstanis voted in favor of draft constitutional changes that consolidated power in the presidency. Pro-government parties won a majority in the Jogorku Kenesh (Kyrgyzstan’s legislature) in November 2021 elections. Continuing concerns for Kyrgyzstan include the trajectory of democratization, endemic corruption, tense regional relations, vulnerabilities due to climate change, border security vulnerabilities, and potential terrorist threats.