The Deputy Director of the National Agency for Prospective Projects, Davron Maksudov, reminded during his speech that on March 1 of this year, a decree was issued by the President of the Republic of Uzbekistan titled "On Comprehensive Measures for the Further Development of the Insurance Services Market."
According to the document, the National Agency for Prospective Projects has been tasked with developing proposals for the implementation of Takaful principles and products. To achieve this goal, the Agency is conducting joint research with partners, including the United Nations Development Programme, to establish a legal framework and regulatory mechanisms for Islamic insurance.
About 40 experts participated in the event, including representatives from the National Agency for Prospective Projects, the Islamic Development Bank, the International Islamic Academy of Uzbekistan, the Spiritual Administration of Muslims of Uzbekistan, the Committee for Religious Affairs, and other organizations.
A key element of the roundtable was the analytical report titled "On Building an Islamic Insurance System in the Republic of Uzbekistan," prepared by the national consultant of the United Nations Development Programme in collaboration with experts from the National Agency for Prospective Projects.
The report analyzes trends and prospects for the development of Takaful in the global market and assesses its potential as a new direction for Uzbekistan's insurance sector.