Alif Moliya Uzbekistan Won CIS Islamic Finance Award for Innovative Products

  • Islamic Finance
  • 27.03.2023 05:40 am

“CIS Islamic Banking and Finance Awards – 2023” distribution ceremony was held in Uzbekistan on 14th March, 2023 at the occasion of 3rd CIS Islamic Banking and Finance Forum organized by Al-Huda CIBE at Hyatt Regency, Tashkent, Uzbekistan. Delegates from various countries participated in the forum. Many applicants have applied for the different categories. After scrutiny and evaluation by the designated award committee, Alif Moliya Uzbekistan Won CIS Islamic Banking and Finance Awards for Best Innovative Products. 

Mr. Nuriddin Lafizov, CEO Alif Moliya Uzbekistan further added that AlHuda CIBE initiative to distribute awards to the contributory organizations and individuals for Islamic banking and finance industry is really an amazing step to encourage the financial industry of CIS countries. This will not only recognize the winners rather it will create an atmosphere for positive competition for constructive development of the Islamic finance industry. Moreover, Alif Moliya is an Islamic FinTech company, operating in Uzbekistan since 2019. Alif Moliya offers shariah-compliant financing using Murabaha and Musawamah structures, as well as a halal marketplace and mobile wallet that helps manage finances and make payments and remittances.

Muhammad Zubair, Chief Executive Officer AlHuda CIBE, said CIS Islamic Banking and Finance Awards 2023 truly showcase those organizations and individuals that are driving innovations in the rapidly emerging Islamic Finance industry. He congratulates Alif Moliya on winning the Best Innovative Product award. He also said that "our congratulations are to all the winners and nominees of the CIS Islamic Banking and Finance Awards, 2023 at CIS 3rd CIS Islamic Banking and Finance Forum”.

Alif is an international fintech whose products work on the principles of Islamic finance. The company was founded in 2014 in Tajikistan - now it is one of the leading banks and the No. 1 mobile application for finance: purchases, payment for services and money transfers. Alif's banking products run on their own software, consistently receive foreign investment and grow in the Tajik market share. The company employs more than 700 people, it is known for its corporate culture and the greatest transparency in work. Since 2019, Alif has been represented in Uzbekistan by two companies: Alif Tech develops payment solutions and is a resident of IT Park in Tashkent. In July 2020, the company received a payment organization license from the Central Bank of the Republic of Uzbekistan. In April 2022, Alif released the alif mobi mobile application for Uzbekistan. Alif Molia provides an instalment service - the goods can be purchased immediately, and paid in equal instalments over a certain period of time. For 2 years, the company has become the leader in the buy-now-pay-later segment in Uzbekistan.

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