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.
On May 10, 2018 German delegation headed by Andreas Auer was received by Ibrohim Inomov, Deputy Chairman and other employees of Muslim Board of Uzbekistan. In his opening speech he shared with the positive developments in religious sphere in Uzbekistan and talked how the government jointly with Muslim Board of Uzbekistan had been tackling the issue of radicalization of young people by means of preventive means which include intensive enlightenment works, meetings at educational establishments, online lessons and others.
In its turn Andreas Auer, the head of German delegation highly evaluated the positive development in Uzbekistan in all spheres including in religious one. He noted that it was pleasant to mention that German side was also bringing its more or less share into these positive improvements in Uzbekistan. He also noted that the organization was going to implement a number of projects in religious sphere jointly with German state university.
The meeting ended in friendship tone and guests expressed gratitude for warm reception.
Press Service,
Muslim Board of Uzbekistan