Open Bank: News

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.

Aziz Karimov

28 Oct 2026 · 14:084 min read

Uzbekistan

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.

Aziz Karimov

26 Oct 2026 · 11:453 min read