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Open Bank receives Uzbekistan's first Islamic banking licence

For the first time in Uzbekistan, a licence for Islamic banking activity has been granted — to Open Bank. Spot.uz explains what this changes for customers, which banks are preparing to launch, and what risks market experts name. For the first time in Uzbekistan, Open Bank has received a license for Islamic banking. Spot.uz explains what this changes for customers, which banks are preparing to launch, and what risks market experts point out.

4 min read