Uzbekistan Proposes Introducing Islamic Finance 'Murabaha' Standard

Uzbekistan's Central Bank has proposed introducing the Islamic finance 'Murabaha' standard. This would allow banks to sell goods to customers on credit, clearly stating the purchase price and markup. The standard prohibits additional markups for delayed payments.

Read the full article at Daryo.uz (Toshkent) →

Headline and summary written by daryo. The full report belongs to Daryo.uz (Toshkent).