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17 November, 2025   |   26 Jumādá al-ūlá, 1447

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17 November, 2025, 26 Jumādá al-ūlá, 1447

The Central Bank of the Republic of Uzbekistan has become a member of the Islamic Financial Services Board (IFSB)

24.12.2024   232368   1 min.
The Central Bank of the Republic of Uzbekistan has become a member of the Islamic Financial Services Board (IFSB)

The Council's activities are aimed at developing international standards for the regulation and supervision of Islamic financial institutions, to implement effective corporate governance and risk management mechanisms, as well as to conduct research and capacity building of the staff in this field, and to assist member organisations in these matters.

Membership in this organization will enable the Central Bank to explore the experience of other countries and implement best international practices 
in the regulation and supervision of Islamic financial institutions. 

For reference: The Council was established in 2002 and is headquartered in Kuala Lumpur (Malaysia). Currently, the Council has 188 members, including 81 regulators and supervisors, 10 international intergovernmental organisations, 97 market participants. Also, the financial regulators of Kazakhstan, Kyrgyzstan and Tajikistan are members of the Council.
 

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Gandhi Praised Caliphs Abu Bakar and Umar as Role Models in His 1937 Newspaper

28.10.2025   13894   2 min.
Gandhi Praised Caliphs Abu Bakar and Umar as Role Models in His 1937 Newspaper

In the July 27, 1937 issue of his weekly journal Harijan, Mahatma Gandhi praised Islamic Caliphs Abu Bakar (RA) and Umar Farooq (RA) as examples of humble and responsible leadership.

In a rare reference to Islamic history, Mahatma Gandhi praised Caliphs Abu Bakar and Umar Farooq as examples of simple and honest leadership.

He made this statement in the July 27, 1937 issue of his weekly journal, Harijan, offering advice to Indian National Congress leaders as they began to hold public office.

In that issue of Harijan, Gandhi wrote:

“I cannot give you the reference of Ram Chandar or Krishna, because they were not considered as historical figures. I cannot help it but to present to you the names of (Hazrat) Abu Bakar (RA) and (Hazrat) Umar Farooq (RA). They were leaders of a vast Empire, yet they lived a life of austerity.” Harijan – Dated: 27.07.1937

This statement came during an important moment in India’s history. In 1937, the Indian National Congress formed governments in several provinces for the first time under British rule, following elections held under the Government of India Act, 1935.

Gandhi, always cautious about the moral health of leaders, urged Congress members not to be consumed by power or luxury. He used the examples of Caliphs Abu Bakar and Umar Farooq to remind them that true leaders live simply and serve the people.

Harijan was Gandhi’s weekly newspaper, launched in 1933 to support his social reform campaigns — especially against untouchability. The journal regularly featured Gandhi’s views on religion, politics, and ethics.

The journal was published in English, along with versions in Hindi (Harijan Sewak) and Gujarati (Harijanbandhu), and ran until 1955.

This was not the only time Gandhi showed appreciation for Islamic values. He often quoted the Quran, Prophet Muhammad (PBUH), and his companions in speeches and writings.

Gandhi Praised Caliphs Abu Bakar and Umar as Role Models in His 1937 Newspaper
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