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.
As part of the “Week of Tolerance”, which encompasses various events aimed at strengthening interethnic and interfaith friendship, harmony, and solidarity across our country, a photo exhibition entitled “Uzbekistan – The Land of Tolerance” was held at the Tashkent House of Photography.
The event was attended by representatives and staff of the Committee on Interethnic Relations and Friendly Ties with Foreign Countries, the Committee on Religious Affairs of the Republic of Uzbekistan, activists of national cultural centers and friendship societies, representatives of religious confessions, and members of the media.
The exhibition featured more than 100 photographs reflecting events organized in cooperation with national cultural centers and friendship societies, as well as the lifestyle, culture, and traditions of various ethnic and religious communities living in Uzbekistan.
It should be noted that today, over 130 nationalities and ethnic groups, along with representatives of 16 religious confessions, live in Uzbekistan in an atmosphere of tolerance, friendship, and unity. Events held within the framework of the Week of Tolerance are among the noble initiatives that call the peoples of the world to peace and solidarity.
Muslim Board of Uzbekistan – Press Service