Alif has secured a $20 million investment from Accial Capital, a U.S.-based company managing private credit funds. The transaction was facilitated with advisory support from Nairang Capital and TMT Global Advisors.
The funds will be utilized to expand the capabilities of the Nasiya service, strengthen its market position, and promote financial accessibility in Uzbekistan.
Through its Nasiya service, Alif offers Sharia-compliant retail financing for goods and services in Uzbekistan, with repayment terms of up to 24 months. All funds raised are structured in accordance with Islamic financing principles, emphasizing Alif’s commitment to Sharia compliance and ethical financial practices.
Including this latest investment, the total amount raised by Alif in Uzbekistan from international investors in 2024 has reached approximately $50 million. Since entering the Uzbek market, Alif has attracted over $150 million in equity and debt investments for Uzbekistan, reflecting the company’s steady growth and the trust of investors in its pivotal role in developing the financial infrastructure of Central Asia.
