Uzbek Infinbank Secures $5 Mln Islamic Financing Facility To Support Smes
This was reflected in the statement by the InFinBank.
"The financing facility is being provided for a three-year term in full compliance with Shariah principles through a Murabaha agreement and is funded by the Economic Empowerment Fund for Uzbekistan (EEFU)," InFinBank said in a statement.
The funds will be directed entirely toward financing SMEs, expanding access to alternative financial instruments for Uzbek entrepreneurs and supporting business development across various sectors of the economy.
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