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Uzbekistan issues its first Islamic banking license — Open Bank receives it

The Central Bank of Uzbekistan has issued the country's first license for Islamic banking activity. License No. 1-I was granted to JSC Open Bank by a decision of the regulator's board dated October 23, 2026. The license covers six types of Islamic financial operations provided for by Article 5¹ of the law The Central Bank of Uzbekistan has issued the country's first license for Islamic banking activities. License No. 1-I was granted to Open Bank JSC by a decision of the regulator's board dated October 23, 2026. The license covers six types of Islamic financial operations provided for in Article 5¹ of the law 'On Banks and Banking Activity.' The Central Bank recommended that citizens verify the existence of a license before using banking services.

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