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Islamic Finance Project

Abacus advised on the possibility of implementing the concept of "Sukuk" certificates as a source of financial injections within the current legislation of the Republic of Uzbekistan. Abacus's role was to find an opportunity in the legislation of Uzbekistan to implement a project to attract foreign and local investors based on the principles of Islamic finance, in particular, "Sukuk" on the basis of (through) the International Financial Center "Astana" in the Republic of Kazakhstan. Participation of the firm allowed the Client to understand the possibility of using the mechanisms of Islamic finance to attract money from investors while using the tax benefits, simplified visa and labor regime, simplified currency regime, and independent institutions for dispute resolution, provided by the AIFC.