TASHKENT, Uzbekistan, May 14. Uzbekistan and
Indonesia have evaluated prospects for collaboration in the domains
of Islamic finance and pilgrimage tourism, Trend reports via the Uzbek
Ministry of Investment, Industry and Trade.
The discussions took place during a meeting between Ilzat
Kasimov, Deputy Minister of Investment, Industry, and Trade of
Uzbekistan, and Indra Gunawan, Chief Investment Officer of the
Indonesian Hajj Financial Management Agency.
During the negotiations, the parties examined opportunities to
enhance trade and investment relations, with particular emphasis on
the adoption of Islamic financing mechanisms in Uzbekistan. The
discussion included the development of Sharia-compliant financial
instruments, such as sukuk, murabaha, and ijara.
A key topic of the dialogue was the advancement of the "halal"
ecosystem and pilgrimage tourism. In this context, the parties
considered potential projects for the construction of hotel
infrastructure in Samarkand, Bukhara, and Tashkent, as well as the
initiation of joint ventures targeting Southeast Asian markets.
The Indonesian Hajj Financial Management Agency is a state
institution responsible for managing pilgrim funds in accordance
with Sharia principles, specializing in the Hajj ecosystem through
real estate and Sharia-compliant assets.
Following the meeting, the Indonesian delegation was invited to
participate in the forthcoming 5th Tashkent International
Investment Forum to further deliberate on these strategic
initiatives.
