TAIBA LEASING, Uzbekistan’s leading Islamic leasing company, has engaged the services of Shariyah Review Bureau (SRB), a global Sharia Advisory firm, to oversee and verify the Sharia-compliancy of its products, and to carry out regular Sharia audits in accordance with the standards set by AAOIFI.  

Bakhodir Kadirov, the CEO of TAIBA LEASING said, “We have been actively financing businesses from different industries of the country, including agriculture, mining, food production, and cutting-edge fields like pharmaceuticals and IT. The company focuses on providing leasing services for various commercial vehicles, farming and construction machinery, as well as production and other equipment.” “We have been at the financing forefront and at present we have funded over 300 projects worth 40 million USD” he added. 

Source: Shariyah Review Bureau 

FC “TAIBA LEASING” LLC received the award “The Best Islamic Leasing product in CIS”

On March 14, 2023, hosted the “3rd  Forum on Islamic Banking and Finance in the CIS”, organized by the AlHuda Center for Islamic Banking and Economics (CIBE), with the support 0f the Ass0ciation of  Banks of Uzbekistan (ABU) and the leasing Association of Uzbekistan (LAU). The company FC “TAIBA LEASING” LLC is one of the first in Uzbekistan, has been providing leasing services based on the principles of Islamic Finance for more than 12 years. AlHuda – The Center for Islamic Banking and Economics (CIBE) has recognized TAIBA LEASING as the best leasing product based on the principles of Islamic finance in the CIS countries.

The foreign company “TAIBA LEASING” Limited Liability Company (FC “TAIBA LEASING” LLC ) has been renamed into the Foreign company “TAIBA FINANCE” Limited Liability Company (FC “TAIBA FINANCE” LLC). This change came into force due to the adoption of a new version of the Company’s Charter and state registration dated May 15, 2023.

Bakhodir Kadirov, CEO of the FC TAIBA LEASING LLC, took part in the 47th Annual Meeting of the Board of Governors of the IsDB Group in Sharm el-Sheikh, Egypt.

On June 2-4, 2022, the Islamic Development Bank (IsDB) held the 47th Annual Meeting of the Board of Governors of the IsDB Group in Sharm el-Sheikh, Egypt. This year, the meeting was held under the slogan “Recovery and sustainability” and was devoted to the topic of post-crisis recovery of the member countries of the IsDB

The CEO of FC TAIBA LEASING LLC took part in the work of the IsDB’s Private Sector Forum, held business meetings and negotiations to attract investment in the company.

At the meeting with Ayman Amin Sejiny, General Director of the Islamic Corporation for Private Sector Development, it was emphasized that today, the Sole Proprietor FC TAIBA LEASING LLC is one of the most stable and stable leasing companies of the Islamic Corporation for Private Sector Development, operating in the financial market of Uzbekistan for more than 11 years.

Employees of the FC TAIBA LEASING LLC were trained under the program of specialized online training “Ijara and Murabaha”.

On June 11-12, 2021, the AlHuda Center for Islamic Banking and Economics (CIBE) conducted a specialized training. The training was conducted by representatives of AlHuda CIBE, the Islamic Development Bank (IDB) and the mutual insurance company “UZARO” in the following areas:

The teachings of Islam:

• Akiyda;
• Ibadat;
• Muamalat;
• Muasharat;
• Akhlaq.

Principles of the Islamic Economy. Financial transactions based on the rules of Sharia

• Murabaha;
• Ijara;
• Sukuk.

The 46th annual meeting of the Board of Governors of the Islamic Development Bank (IDB) was held in Tashkent from 1 to 4 September. The event was attended by more than 90 speakers from 57 member countries of the IDB group, as well as more than 2,000 participants of big business, experts and media representatives.

CEO of TAIBA LEASING Company Bakhodir Kadirov took part in the 46th Annual Meeting of the Board of Governors of the Islamic Development Bank (ISDB) and in the Forum “Private Sector Day” organized by ICD – Islamic Corporation for Private Sector Development (founder of IE TAIBA LEASING LLC) and other subsidiaries of the IDB.

The Islamic Corporation for the Development of the private sector (ICD) (www.ICD-ps.org), a member of the Islamic Development Bank Group (IsDBG), has signed Line of Financing agreements with four banks in Uzbekistan, granting a total of $40 million.

FC “TAIBA LEASING” LLC received a certificate in the nomination “Best ijara product”

On May 2-5, 2019, the CIS – Islamic Banking and Finance Forum and a seminar on Islamic banking, takaful and microfinance in the CIS countries were held in Tashkent. It was organized by the Center for Islamic Banking and Economics AlHuda Center of Islamic Banking & Economics (UAE), International Investment Company (UAE) Sheikh Ahmed Bin Obeid Al Maktoum (SABOAM) and the branch of the Islamic Development Bank ICD. It should be noted that for the CIS countries, Islamic banking and finance is recognized as a sustainable financial solution compared to the traditional banking and financial system. TAIBA LEASING won the “The Best Product IJARA” award in the Uzbek market.

Seminar “Investment resources and investment activity of the corporation: Leasing as a form of investment”

A representative of the company participated in a training seminar under the auspices of the project “Research and Professional Exchange” organized by the Association of Lessors of Uzbekistan and the Central Bohemian University of Prague (CENTRAL BOHEMIA UNIVERSITY).

The topic of the training seminar is “Investment resources and investment activity of the corporation: Leasing as a form of investment”. The seminar participants had the opportunity to visit, get acquainted with the work and exchange experience with leading Czech leasing companies.

Islamic Research and Training Institute at the Islamic Development Bank

Training of all employees of the company on the program “Islamic Banking and Finance”

Islamic Research and Training INSTITUTE Islamic Development Bank Group

Participation in the 120th Anniversary China Export-Import Exhibition “CANTON-FAIR 120”

“SANY”, “LONG KING”

Meeting with the largest manufacturers of specialized construction equipment and machinery (photo)

Participation in the international trade exhibition of construction machinery, machinery for building materials, mining machinery, construction machinery and construction equipment, BAUMA – 2016. (photo)

Received another $ 5 million line of funding from ICD.

In connection with the celebration of 40 years of activity of the Islamic Development Bank Group, the company’s participation in the filming of videos about successful ICD projects around the world prepared by National Geographic (video)

Participation in a specialized exhibition «BANKEXPO — 2015»

Moscow (Russia). Russian School of Management

Personnel trainings on the topics Financial analyst, “Development of a personnel assessment system based on KPI”, Controlling and risk management, Chief accountant of an international company, Financial manager: corporate finance, financial modeling, assessment of investment projects and business value. (Photo)

Moscow (Russia). Moscow Business School

Staff training on the topic: Financial manager: corporate finance, financial modeling, assessment of investment projects and business value.

Central Bohemian University Czech-Uzbek Friendship Society

Participation in the seminar – training “Leasing as a tool for the implementation of the company’s investment policy.”

Introduced to the market a new product of the company – Express Leasing, a service for expedited consideration and financing of liquid leasing items, such as vehicles, specialized construction equipment, etc.

Participation in the VII Tashkent International Investment and Financial Forum, also participation in the VII Tashkent International Leasing Forum

Received a USD 5 Million Funding Line from ICD.

Plant JV LLC «JV MAN Auto-Uzbekistan».

Participation in a seminar dedicated to familiarizing potential lessors and lessees with the production of MAN overweight vehicles. The seminar took place on the territory of the “JV MAN Auto-Uzbekistan” JV LLC plant in Zhambay, Samarkand region.

Association of Lessors of Uzbekistan.

Participation in the seminar “Innovative ways to reduce financial risks in leasing transactions in the Republic of Uzbekistan” organized by the World Bank group.

Appointment of Kadirov Bakhodir as General Director

Office expansion and relocation to the International Business Center (IBC)

Expansion of the company’s staff and an increase in the volume and number of leasing agreements.

Appointment of Khaidarov Nodir as General Director

FC LLC “TAIBA LEASING” began its activity in the market of Uzbekistan in 2011 with the presentation of the company by the Islamic Corporation for the Development of the Private Sector in the 3rd Tashkent International Leasing Forum.