Collaboration with the leading consulting firm — Shariyah Review Bureau.

To enhance trust in Sharia, TAIBA LEASING has begun collaboration with the leading consulting firm — Shariyah Review Bureau.

TAIBA LEASING, the leading Islamic leasing company in Uzbekistan, has utilized the services of Shariyah Review Bureau (SRB), a global Sharia consulting firm, to oversee and verify the Sharia compliance of its products, as well as to conduct regular Sharia audits in accordance with the standards set by AAOIFI.

Bakhodir Kadirov, the CEO of TAIBA LEASING, stated: “We actively finance enterprises from various sectors of the country's industry, including agriculture, mining, food production, and advanced fields such as pharmaceuticals and information technology. The company specializes in providing leasing services for various commercial vehicles, agricultural and construction machinery, as well as manufacturing and other equipment.” “We have been at the forefront of financing, and we have currently financed over 300 projects totaling 40 million dollars,” he added.

Bakhodir Kadirov announced the appointment of Shariyah Review Bureau, saying: “To support our growth, we have decided to strengthen our Sharia compliance infrastructure by hiring SRB. We look forward to leveraging their expertise in Sharia consulting and auditing capabilities at TAIBA LEASING, which they will manage. Their experience will assist us in product development and regular checks in accordance with Sharia norms, ensuring satisfaction for both stakeholders and our clients.”

To support our growth, we have decided to strengthen our Sharia compliance infrastructure by hiring SRB

Bakhodir Kadirov

Shariyah Review Bureau provides financial companies with advanced Sharia solutions, enhancing their ability to manage Sharia compliance more effectively and at lower costs. This leads to reduced overall expenses for managing the Sharia board, decreased monetary losses from one-time consultations, and improved Sharia auditing and reporting. As a result, not only financial companies but also banks, cooperative insurance companies, and asset management firms can focus on their core operations and save money.

“Utilizing Sharia consulting services is becoming an increasingly important tool for financial institutions in the rapidly changing Islamic finance market,” said Yasser S. Dahlawi, CEO of SRB. “It is a cost-effective way to enhance or maintain Sharia compliance functions.” He added: “We are pleased to collaborate with TAIBA LEASING in Uzbekistan and to manage their Sharia compliance process effectively and transparently.”