Alif secured funding for the development of the Nasiya service
Author - Mansur Ismagulov
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Alif raised $3 million under an agreement between ITFC and the "Ipak Yuli" Bank to support trade financing for the private sector in Uzbekistan. The funds are directed toward the development of the Nasiya installment service, based on Islamic finance principles. The financial advisors were TMT Global Advisers and Ansher Capital.
Alif successfully raised $3 million. The deal was concluded under an agreement between ITFC, part of the Islamic Development Bank Group, and Ipak Yuli Bank to support trade financing for the private sector in Uzbekistan.
The funding will be directed toward further development of the Nasiya installment service, which offers consumers installment payments in accordance with Islamic finance principles.
Alif’s financial advisors for this transaction were international investment banks TMT Global Advisers and Ansher Capital.
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