Alif raised $20 million in investments from Accial Capital

Alif raised $20 million in investment from Accial Capital, a U.S.-based private credit fund manager. The deal was executed with advisory support from Nairang Capital and TMT Global Advisors.

The funds will be used to expand the capabilities of the Nasiya service, strengthen its market position, and promote financial accessibility in Uzbekistan.

Through the Nasiya service, Alif provides retail financing for goods and services to consumers in Uzbekistan, compliant with Shariah principles, for terms up to 24 months. All raised funds are structured in accordance with Islamic finance principles, underscoring Alif’s commitment to Shariah compliance and ethical financial practices.

With the latest investment, the total amount of funds raised by Alif in Uzbekistan from international investors in 2024 has reached approximately $50 million. Since entering the Uzbek market, Alif has raised over $150 million in equity and debt investments for Uzbekistan, reflecting the company’s consistent growth and investor confidence in its key role in developing the financial infrastructure of Central Asia.