With its population of approximately 36 million and traditional Islamic roots, Uzbekistan is probably one of the most promising markets for Islamic financing in Central Asia

Status
Active
Date of registration	07.10.2022
Registering authority	Public service center
Taxpayer Identification Number	309927254
Classifier of organizational and legal forms	152 - Limited liability or additional liability company
All-state classifier of types of economic activities	64910- Financial leasing
Charter fund	10 000 000 000.00 UZS
Contact information	Address
	Tashkent city, Shaikhontohur district, Navai street, 7-house
	Phone number
	903289050
	E-mail
	[e-mail]
Founders	"TRUSTBANK" PJSC
	100,0%

Trustbank, one of the leading banks and the first private bank to be providing Islamic banking services in Uzbekistan, has selected ICS BANKS Islamic Banking software solutions from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.
Trustbank is one of the leading banks of the Republic of Uzbekistan, which provides its clients with the full range of banking products and services. The history of the bank reflects the dynamics of intensive development of the country's banking sector during the years of independence. Trustbank will leverage ICS BANKS Islamic’s agile software solutions of which Islamic Core banking, Murabaha, Ijarah, Mudaraba, Musharaka, Salam, Qard Hassan, Islamic Treasury and Investment, Trade Finance, Credit Facilities & Risk Groups, Istina’a and Parallel Istisna’a, Profit Distribution, and Time Deposit.
ICSFS invests in its software suites by utilising modern technology in launching new products, constructing a secured and agile integration, and keeping pace with new standards and regulations worldwide. ICS BANKS software suite future-proof banking activities by providing a broad range of features and capabilities with more agility and flexibility, to enrich customers' journey experience, hence improving the trust and confidentiality between the customer and the bank. ICS BANKS has always been a pioneer in utilising the latest technology to serve financial institutions. In addition to its embedded Service-Oriented-Architecture (SOA), the system can be deployed on-premises or on the cloud.

LLC “TAIBA LEASING” began its activity in the market of Uzbekistan in 2011 with the presentation of the company by the Islamic Corporation for the Development of the Private Sector in the 3rd Tashkent International Leasing Forum. The company “TAIBA LEASING” is a 100% subsidiary of the Islamic Corporation for the Development of the Private Sector (ICD), which is part of the Islamic Development Bank Group.

TAIBA LEASING was created in order to provide a wide range of leasing services in the territory of the Republic of Uzbekistan. The priority of TAIBA LEASING is to promote the development of the economy of Uzbekistan through the introduction of new financial instruments, financing of small and medium-sized enterprises, especially those producing competitive export-oriented products and having a high level of production localization.
For 10 years now, TAIBA LEASING has been offering competitive leasing terms for Uzbek leasing holder-enterprises that are profitable and promising. The financing of clients in all regions of Uzbekistan is successfully carried out in close cooperation with the parent company.
Today the company is the only leasing company in Uzbekistan operating in accordance with the principles of Sharia. More than 250 projects are funded for a total amount equivalent to 33 million USD³.
TAIBA LEASING is one of the first and largest foreign leasing companies in Uzbekistan. We actively finance companies in all key sectors of the country’s economy, from the livestock sector and the mining industry to high-tech areas such as pharmaceuticals or IT. The priority directions of our activity are leasing of various types of commercial vehicles, agricultural and special construction equipment, as well as various production and other equipment.
For over 10 years now, TAIBA Leasing has been offering competitive leasing terms for Uzbek lessees – enterprises with a profitable and promising business. To date, in close cooperation with the parent company (ICD), financing of clients is successfully carried out in all regions of the Republic of Uzbekistan.

1^ https://imaninvest.com/report

2^ https://vaqf.uz

3^ https://taibaleasing.com