Leveraging Research and Technology for a Halal Ecosystem

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IBF Net (L) Ltd has signed a Memorandum of Understanding with the Tashkent State University of Economics, Uzbekistan. The signing was led by Mohammed Alim, CEO of IBF Net and Prof. Kongiratboy Sharipov, Rector of TSUE.

This partnership will open doors of dialogue, exchange of ideas, and spearhead the rise of Islamic finance in Central Asia. IBF Net will bring in its cutting-edge certifications curated under the guidance of its industry experts through its think tank, the International Institute of Islamic Business and Finance (IIIBF) to open the doors to learning Islamic commercial as well as social finance. In partnership with TSUE, a leading university in Uzbekistan, IBF Net looks forward to the application of several of its Islamic fintech solutions for the halal ecosystem in Central Asia under its Digital-IBF-Lab initiative.

According to Prof Odiljon Komolov, Professor of Finance, TSUE, Uzbekistan looks forward to becoming a major hub of Islamic finance in the region and the partnership between the two institutions can make a major contribution in this regard by expanding the horizons of knowledge through research and capacity building. Prof Xaurulla Kurbanov who heads the Department of Finance at TSUE shares the optimism and will be coordinating all the partnership-related initiatives.

IBF Net has developed a unique Triple-IBF suite of qualifications for humanitarian and development professionals that include accredited certifications in Zakat Management, Waqf Management, Islamic Microfinance and Islamic Business and Financial Technologies. The team looks forward to launching two new exciting certifications that include, “Blockchains for Islamic Development” and “Artificial Intelligence for Islamic Finance” in the near future – says Mohammed Alim, CEO of IBF Net.


IBF Net is a leading education provider that was founded in 1999 as the maiden online community in the field. It was awarded the Global Excellence Award by International Islamic Finance Forum (IIFF) in 2007 for its pioneering initiative in developing the first ever suite of certification programs in Islamic banking, insurance and investments. Currently, it operates as a Labuan International Company with its corporate office in Kuala Lumpur.

Established in 1931, The Tashkent State University of Economics is one of the largest economic universities in Central Asia. Located in Tashkent, the capital of Uzbekistan, the university is a major attraction for aspiring economists and researchers from the region. It houses one of the largest university libraries in Central Asia and is a strong economic research hub.

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