The 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.

Mr. Ayman Amin Sejini, President of the Private Sector Development Corporation, noted that the entire financial world needs to learn how to work with digital technologies, “Because banking is changing very dynamically and quickly. And in 5-10 years everything will not be the same as it was before. Therefore, financial technologies and the ability to work with them are the future! We see the efforts made by Uzbekistan and their results. I am very happy to be here.”

ICD aims to play a complementary role to the activities of IsDB and the national financing institutions in the member countries by focusing on private sector institutions in their various activities and operations in full compliance with the principles of Shari’ah law. In addition to extending financing and financial services, ICD provides advisory and consultancy services to governments and private sector institutions in order to adopt policies for establishing, expanding and modernizing private sector companies, adopting better management practices, and strengthening the role of the market economy.

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.