First Islamic Business and Investment Forum "IBIF"
The "IBIF" Forum is a meeting place for experts from different countries in the field of finance, economics and entrepreneurship. In addition, the event provides an opportunity to meet with leaders of individual business areas, representatives of government agencies and leading investors from the Middle East.
The "IBIF" Forum is a unique platform for networking, exchanging experience and presenting ideas, meeting potential partners or investors.
Mission "IBIF"
Strengthening ties, developing and maintaining contacts between the countries of Central Asia and the Middle East. Creation and development of a positive image of the Central Asian countries at the Islamic and Arab levels to attract and encourage investment in social, economic and charitable projects.
Goals of IBIF
Promoting Islamic principles in doing business and financing;
Strengthening the role of entrepreneurs and innovative development to achieve the goals
Designation and plan for solving modern problems associated with industrial and technical revolutions;
Establishment and strengthening of relations between entrepreneurs of the Central Asian countries with investors and businessmen of the Middle East region;
Organizers of the first "IBIF" Forum
"Islamic Business and Investment Forum"
Islamic Business and Investment Corporation (IBIC)
Supreme Council of the Kyrgyz Republic
Government of the Kyrgyz Republic
Chamber of Commerce and Industry of the Kyrgyz Republic
JTA International Holding (Qatar)
Foundation for Russian-Arab Research and Information
Partners of the first "IBIF" Forum
Association of Muslim Entrepreneurs of Central Asia "AMECA" (Kyrgyzstan)
Islamic Financial Cooperative ("IFC")
Investment company "JTA KG"
Charitable Islamic Foundation "Iman"
Marketing company "ADM-Group" (Kyrgyzstan)
International trading company "SMART" (Iran, Kyrgyzstan, Kazakhstan, Russian Federation)
Aljazeera International TV Company (Qatar)
Русскоязычный телеканал Алиф
Security and detective agency "ADMIRAL" (Kyrgyzstan)
On March 13 and 14, the first Islamic Business and Investment Forum IBIF-2023 was held in Central Asia
The opening of the forum began with a solemn greeting of the Deputy Chairmen of the Cabinet of the Kyrgyz Republic and the Jogorku Kenesh, the head of the Spiritual Board of Muslims of Kyrgyzstan and the President of the IBIC Corporation, Yusupov Rustam Abduvalievich.
This was followed by acquaintance with guests from the Kingdom of Saudi Arabia, the United Arab Emirates and entrepreneurs from Central Asia and the Middle East.
As part of the program, the forum participants presented their investment business projects, and an exhibition of halal products was opened, which included more than 20 large manufacturers of dried fruits, nuts, meat products, legumes, national drinks and waters, felt products.
At subsequent plenary sessions of the forum, opportunities and prospects for the development of Islamic business and investment were discussed. During the event, domestic tour operators told the guests about the tourism potential of Kyrgyzstan and other areas of interaction between Central Asia and the Middle East.
At the end of the forum, the President of the IBIC Corporation thanked all the participants and the guests present, and the foreign delegates were also presented with memorable gifts.
On March 13 and 14, the first Islamic Business and Investment Forum IBIF-2023 was held in Central Asia
The opening of the forum began with a solemn greeting of the Deputy Chairmen of the Cabinet of the Kyrgyz Republic and the Jogorku Kenesh, the head of the Spiritual Board of Muslims of Kyrgyzstan and the President of the IBIC Corporation, Yusupov Rustam Abduvalievich.
This was followed by acquaintance with guests from the Kingdom of Saudi Arabia, the United Arab Emirates and entrepreneurs from Central Asia and the Middle East.
As part of the program, the forum participants presented their investment business projects, and an exhibition of halal products was opened, which included more than 20 large manufacturers of dried fruits, nuts, meat products, legumes, national drinks and waters, felt products.
At subsequent plenary sessions of the forum, opportunities and prospects for the development of Islamic business and investment were discussed. During the event, domestic tour operators told the guests about the tourism potential of Kyrgyzstan and other areas of interaction between Central Asia and the Middle East.
At the end of the forum, the President of the IBIC Corporation thanked all the participants and the guests present, and the foreign delegates were also presented with memorable gifts.
Companies included in the IBIC Corporation took part in the IBIF-2023 forum held in Bishkek on March 13 and 14
Among the presented projects were initiatives aimed at improving the living conditions of the citizens of Kyrgyzstan, environmental development, tourism and logistics.
For example, the ESPAYE project was presented - the Central Asian Trade Exhibition and Logistics Center - a large-scale project that is planned to be built near Bishkek. The implementation of an idea of this magnitude will open up an opportunity for Kyrgyzstan to host and organize international-level events on its territory, attract investors, and develop innovative technologies in the country.
The Muslim SIP was also presented , aimed at helping citizens in purchasing affordable housing, cars and special equipment according to the principles of Islamic financing. With the help of SIP "Muslim", residents of Kyrgyzstan will be able to get decent housing and develop businesses for the benefit of their families and the state, making a contribution to the economy.
Other projects presented by IBIC resident companies:
Of the 15 submitted projects, 4 have already been selected for further funding and implementation.
Projects selected for funding:
B2B - meetings
At the end of the second day of the Islamic Business and Investment Forum IBIF-2023, the organizers organized a series of B2B meetings for business representatives and investors who wished to discuss potential opportunities for cooperation and investment.
The negotiations were successful, and as a result, memorandums were signed, signifying an agreement on future cooperation between various companies and organizations.
The memorandums also reflect the significance of the forum and its importance in developing business and investment in Kyrgyzstan and Central Asia, and also show that the event has led to real business connections and increased potential for future investment in the region.
As part of the IBIF-2023 forum, which was held in Bishkek on March 13 and 14, an exhibition of halal products produced in Kyrgyzstan was organized
Among the presented goods were meat and meat products, berries and products of processing of berries, vegetables and fruits (jams, preserves, compotes, canned vegetables, etc.), mineral waters from sources located in Kyrgyzstan, as well as national drinks and felt products.
Meat and other meat products received special attention from guests from the Middle East. The fact is that the Middle Eastern countries are not able to fully satisfy the need of the population of their countries for meat, for example, the supply of halal meat products to Qatar is currently carried out from New Zealand. Although from the point of view of economic profitability, it is more profitable to buy meat and meat products from Kyrgyzstan, due to the lower cost of raw materials and more convenient and profitable delivery routes.
However, it is noted that it is necessary to establish meat production in the republic on a more significant scale, since today the capacities are not enough. Now the main players are relatively small livestock farms that are unable to fully satisfy the needs of potential partners.
