Islamic Finance is taking shape in Uzbekistan, with the market expected to reach up to UZS 15 Trillion by 2030

Uzbekistan’s Islamic finance sector is still in its early stages, but it is emerging as one of the country’s fastest-growing segments within the financial industry. According to data from the Central Bank of Uzbekistan 2025 became the first year in which Islamic finance could be considered a distinct market, marking an important milestone for the country’s financial ecosystem.

By the end of 2025, the total volume of Islamic finance products reached UZS 21.1 billion, establishing the first meaningful benchmark for measuring the sector’s future growth. Although the market remains relatively small, its expansion has been remarkably rapid.

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