BAKU, Azerbaijan, June 23. InfinBANK has signed
a strategic financing agreement worth more than $60 million with
the International Islamic Trade Finance Corporation (ITFC).
This was reflected in the statement published by InfinBANK,
following the 2026 Islamic Development Bank (IsDB) Annual Meetings
held in Baku.
The agreement, structured in line with Islamic finance
principles, is aimed at expanding access to trade finance for the
bank’s clients and supporting export and import operations,
according to officials.
As part of the forum, InfinBANK’s leadership also held
discussions with the Islamic Corporation for the Development of the
Private Sector (ICD) on expanding support for Islamic business and
introducing new Sharia-compliant financial products. Additional
talks were held with the Islamic Corporation for the Insurance of
Investment and Export Credit (ICIEC) on insurance coverage for
investment and export financing.
For InfinBANK, the agreement marks a continuation of its
cooperation with international Islamic financial institutions and a
step toward expanding its presence in the Islamic finance
segment.
“This agreement is a logical continuation of our consistent
cooperation and a new practical stage in the development of Islamic
finance,” said InfinBANK Chairman Bakhtiyorjon Dzhuraev. “We are
working to make these financial solutions more understandable,
convenient, and accessible for entrepreneurs in Uzbekistan.”
The deal reflects growing engagement between Uzbek financial
institutions and global Islamic finance organizations, as the
country continues to diversify funding sources and expand access to
trade finance instruments for businesses.
