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30 December, 2025   |   10 Rajab, 1447

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30 December, 2025, 10 Rajab, 1447

The role of the national culture is important in creating a new image of Uzbekistan

26.12.2017   9632   8 min.
The role of the national culture is important in creating a new image of Uzbekistan

On December 25, 2017, a meeting devoted to current issues of the sphere of culture and art was held under the chairmanship of the President of the Republic of Uzbekistan Shavkat Mirziyoyev. 

At present, particular attention is paid and large-scale activities are being held in the sphere of culture and art along with all spheres in our country. 

The meeting of the President of our country Shavkat Mirziyoyev with representatives of the creative intelligentsia, held on August 3 of this year, opened a new stage in development of the sphere. Relevant issues related to the development of national culture, literature and art, ways of solving problems, important tasks facing creative unions and state organizations were critically analyzed. 

In the Address to the Oliy Majlis, presented by the President of the Republic of Uzbekistan on December 22, attention was also paid to the development of this sphere, the tasks facing the cultural and art figures on the spiritual development of our people and society were specifically stated. 

At the meeting, reports of the heads of the Ministry of Culture of the Republic of Uzbekistan, the Academy of Arts and creative organizations on the execution of previously defined tasks, were heard. Their activities were critically evaluated, specific instructions were given on revitalizing and raising the level of activities carried out in the sphere. 

Culture and art are a source of pride for every nation. All efforts on development of our culture and art are aimed at strengthening the sense of pride of our people, said the President of our country. Thinking about the future of people of Uzbekistan, first of all we must establish strong cultural and spiritual foundations. 

Over the past year, consistent work has been carried out on development of the sphere. 8 decrees and resolutions on improving activities of the Ministry of Culture and institutions of its system were adopted. 

3 million 133 thousand spectators watched the performances staged in 37 theaters operating in our country, in 2017. During the year, the population was provided services related to the sphere of culture for 6 billion 72 million sums. 

Days of Culture of Uzbekistan and various art exhibitions were held in China, Russia, Germany, Turkmenistan, Kazakhstan, Kyrgyzstan, Tajikistan and other countries. 

The analysis shows that, despite the implemented activities, there are many things to be done in the sphere, and tasks waiting for implementation, said the Head of our state. 

At the meeting it was emphasized that the level of services in the sphere of culture rendered to people, including residents of remote areas, makhallas and villages, does not meet the present requirements. Specific instructions were given on strengthening their material and technical base for expanding opportunities of theaters. 

The need to develop a program on development of activities of theaters for 2018-2022, accelerating the adoption of relevant resolutions on development of circus and national dance art in the country was noted. 

225 recreation parks should have been built and reconstructed in our country in accordance with modern requirements in order to organize meaningful leisure activities, to ensure cultural rest of the population in 2011-2015. However, to date, repairing and equipping activities have been completed only in 140 parks, the planned works on 90 parks have not been provided due to a lack of funds that should have been allocated by sponsors and entrepreneurs. 

At the meeting, a number of important tasks of the Ministry of Culture for the next year were revised and specified, specific deadlines for their implementation were determined. In particular, it was entrusted to critically examine the state of retraining and advanced training of workers in the sphere of culture and art, the activities of pop, dance and orchestral groups, to resolve current issues related to strengthening their material and technical base, organization of training of modern specialists for the sphere. 

Intensive activity is being carried out on the execution of the resolution of the President of the Republic of Uzbekistan “On additional measures of developing and further improving activities of the Academy of Arts of Uzbekistan”. At the meeting, the existence of a number of shortcomings and problems in the activities of the Academy of Arts, subject to immediate elimination, were noted. Thus, reconstruction and repair of specialized boarding schools in Nukus, Bukhara and Shakhrisabz were not carried out in a timely manner. Activity on reconstruction of the Central Exhibition Hall of the Academy of Arts at the modern level is delayed, which limits the possibility of holding prestigious international exhibitions in our country. 

At the meeting, the activity planned for 2018 on further improving activities of the Academy of Arts was thoroughly considered. In particular, the need was noted on establishment of an exchange of experience with the leading foreign centers of fine and applied art, special attention to the organization of exhibitions of our famous artists abroad. 

The relevant leaders were given instructions on preparing a draft resolution on construction of student houses with 400 seats for the Republican Art College named after P.Benkov and 200 seats for the Republican College of Design. 

The need for paying special attention to training qualified personnel for the sphere, creation of a new generation of textbooks and their wide introduction into the educational process, provision of educational institutions with modern pedagogical, information and communication tools, improving quality of education was also noted. 

At the meeting it was emphasized that consistent continuation of activities on the material and moral support of creative and technical workers who work hard in the sphere of culture and art, including improvement of their housing conditions, social and medical provision, increasing their fees, realizing the potential of young talents are among the extremely important tasks. 

We should never forget one thing: society will not progress without development of culture and art in our country, emphasized the Head of our state. The level of development of our people will be assessed, first of all, on the basis of the national culture. Therefore, culture is the image of our people, society. Since we started creating a new image of Uzbekistan, we must begin this activity with the development of the national culture. 

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The Central Bank forecasts the emergence of at least 10 Islamic banks by 2030

28.10.2025   20685   4 min.
The Central Bank forecasts the emergence of at least 10 Islamic banks by 2030

The Central Bank expects to establish at least 10 full-fledged Islamic banks by 2030. Also, “Islamic windows” — branches providing Sharia financial services — will appear in three state banks. The Central Bank considers Islamic finance as a tool for withdrawing funds from the shadow economy.

Why is this important

According to a UNDP survey, 68% of Uzbekistan’s population does not want to use traditional banking services due to religious beliefs. Launching Islamic banks will expand financial inclusion, increase bank assets, and reduce the share of the shadow economy. This is the largest transformation of the financial system since independence.

What happened

  • The Central Bank forecasts the emergence of at least 10 Islamic banks by 2030;
  • Three state banks (not yet defined) will create “Islamic windows”;
  • CB Deputy Chairman Abrorhuja Turdaliyev called Islamic finance a tool for bringing funds out of the shadows;
  • In September, the Legislative Chamber approved the law on Islamic banking activities in the first reading;
  • UNDP Survey: 68% of the population and 60% of businesses do not use traditional banks due to their religious beliefs.

Draft law

The document introduces the concepts of “Islamic banking activity”, “Islamic financial operations”, “investment deposit”, and others. A separate license is provided for Islamic banks. Classical banks will be able to organize “Islamic windows” if they have a license.

Islamic products: Murabaha (deferred trade financing), Mudaraba (investment partnership), Mushoraka (joint venture), Wakala (agency financing), Salam (prepayment of goods).

Features of regulation

  • Islamic banks will be able to conduct direct trade activities, establish legal entities, and acquire shares in the authorized capital without restrictions;
  • Islamic Finance Councils (Sharia Councils) will be established under the Central Bank and banks;
  • Notarial acts of Islamic banks are exempt from state duty;
  • A separate tax regime may be introduced, taking into account the specifics of Islamic finance.

Assessment of demand

The Deputy Chairman of the Central Bank clarified: when we talk about 50-60% of the population preferring Islamic finance, we are talking about those who prefer it. Those who categorically refuse traditional services are significantly fewer.

Context

Islamic finance prohibits the collection of interest (riba) and speculative operations. Instead, partnership models are used, where the bank and the client share profits and risks. Uzbekistan is a predominantly Muslim country (90%+ of the population), where a significant portion of citizens avoid traditional banks for religious reasons.

Creating 10 Islamic banks by 2030 is an ambitious task, given that there are currently around 35 commercial banks operating in the country. “Islamic windows” in state banks will allow large players (Uzpromstroybank, Halyk Bank, Asaka Bank) to enter a new segment of clients without creating separate structures.

The Central Bank sees Islamic finance as a tool for combating the shadow economy: religiously motivated citizens who do not trust traditional banks will be able to legalize funds through Sharia products.

A separate tax regime may include benefits for Murabaha-type operations, where the bank formally purchases goods and resells them to the client with a markup — to avoid double taxation.