Uzbekistan Advances Potential $10 Million Sharia-Compliant SME Financing
On 2 November, Uzbekistan’s Open Bank and the Islamic Corporation for the Development of the Private Sector confirmed an expression of intent for a financing facility of up to $10 million to support eligible private-sector businesses, including SMEs. The facility remains a proposed financing arrangement rather than confirmed disbursement. This creates opportunities for growing businesses, financial advisers and startup-support organisations; HPC can help identify eligible companies, connect applicants with finance partners and prepare investment proposals.
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