The Republican Stock Exchange “Toshkent” held another meeting with representatives of Al Muamalat Consulting dedicated to the implementation of sukuk as a financial instrument.
Building on the issues discussed during previous meetings, this session focused in particular on the financial and organizational mechanisms for structuring and executing sukuk transactions.
In particular, the participants examined in detail the role of investment banking, the activities of a Special Purpose Vehicle (SPV), tax-related aspects, and the responsibilities of the parties involved in sukuk transactions. The stages of structuring and executing transactions under the main types of sukuk were also reviewed in detail.
The meeting also explored the experience of Malaysia, Bahrain, and Pakistan, as well as the potential for adapting the legal, institutional, and practical approaches developed in these markets to the conditions of Uzbekistan’s capital market.
As part of preparations for introducing sukuk instruments to the domestic market, expert-level discussions will continue at the next stages.