Advisory services agreementAdvisory Services Agreement • August 25th, 2021
Contract Type FiledAugust 25th, 2021Accordingly, Orient Finans Bank aimed to implement Islamic banking in its operation. The intended Islamic Window will create an opportunity for Orient Finans Bank to be one of the foremost wholly profit-sharing Islamic Windows, offering Islamic products and services in Uzbekistan. As a result, the Bank will diversify its products, funding sources and increase its profits. The Advisory services provided by ICD is a turn-key solution, aiming to support the banking and Islamic finance industries in Uzbekistan. Through this initiative, ICD will assist Orient Finans Bank in launching its first dedicated Islamic Window by providing them with a comprehensive solution covering the development of the Shariah compliant products, assistance in accounting, Islamic Window IT solution selection, human resources, and legal aspects of the operations; combined with on-site extensive theoretical training, to be supported by on-the-job training within one of the partner Islamic banks of ICD. Orient Finan