On May 12, 2018 Chinese delegation headed by Hasan Yang Fa Ming, Chairman of Islamic Union of China visited Muslim Board of Uzbekistan. The guests were received by Sheikh Abdulaziz Mansur, Deputy Chairman of Muslim Board of Uzbekistan who opened the meeting with introductory speech about positive development in the religious sphere in our country.
In its turn Mr. Hasan Yang Fa Ming noted that there were more than 50 different nationalities living in China, among 30 million Muslims in China there were Uzbek, Uyghur, Huey, Kazak, Tatar, Tajik, Dunsyan, Salar, Boan and other nationalities. Almost half of Chinese live in Sinzhan-Uygur autonomous region. There are 30 thousand mosques and 10 Islamic educational establishments. Chinese government pays equal attention to all religious representations and their activity is coordinated by the Committee for religious affairs. Islamic religious organizations are run by Chinese Islamic Association. This organization has more than 70 employees. Fetwas (religious relics) are based on Hanafi mazkhab with Moturidi creed. 99% of Chinese Muslims follow Hanafi mazkhab. Mr. Hasan Yang also mentioned that Chinese Muslims were pleased to see Uzbek delegation in the International Islamic Symposium held in Urumchi in 2016. The Chairman of Islamic Union of China expressed his gratitude for the warm reception, showed his readiness for partnership and cordially invited Muslim Board of Uzbekistan to visit China.
Nuriymon Abulhasan, Deputy Chairman of the Committee for the Religious Affairs and Firdavs Halilov, Deputy Director of the Center for Islamic Civilization also made informative speeches about the scope of activities carried out in the religious sphere.
The sides exchanged with gifts.
Press Service,
Muslim Board of Uzbekistan.
Representatives of the banking and financial sector of Uzbekistan upgraded their qualifications by participating in the “Islamic Banking Window” training and practical program, organized by the Association of Shariah Advisors in Islamic Finance Malaysia (ASAS), reports Dunyo IA.
Ambassador of Uzbekistan Karomiddin Gadoev, noted that on the initiative of the Head of State, large-scale reforms to introduce Islamic finance have been launched in the country, and the adoption of the relevant law this year marked a turning point in the development of this sector. He highlighted three key advantages of the Malaysian experience: the parallel functioning of conventional and Islamic banking systems under a single regulator, centralized Shariah oversight through a single board under the Central Bank and the “Islamic window” model, which allows for the launch of Islamic financial services without establishing separate banks.
Dr. Muhd Ramadhan Fitri, Deputy Chief Executive Officer of “Maybank Islamic Berhad”, noted Uzbekistan's steps in this sector and expressed readiness to provide practical and technical support in establishing “Islamic windows” and financial infrastructure.
Head of ASAS, Makhtar Abdullah, remarked that the seminar participants had acquired advanced knowledge in the areas of Islamic finance instruments, Shariah governance and the organization of “Islamic windows” in commercial banks. Such programs, as noted in the publication, serve as a foundation for elevating Uzbek-Malaysian financial cooperation to a new stage.