August 26, 2024 – Tashkent, Uzbekistan – In a landmark event for regional collaboration and financial innovation, Tashkent State Agrarian University has officially signed a Memorandum of Understanding (MoU) with CAG (M) Sdn Bhd, a leading Malaysian company, alongside MyLembu c/o Eagleconnect, and Uzlamb c/o “CAG-Consultant” LLC and “PROW CIS” LLC and Etech Digital Technology Sdn Bhd. The MoUs’ was signed on August 26, 2024, at the Tashkent State Agrarian University, marking a significant step towards enhancing food security and promoting ethical Halal Investment and Fintech opportunities in the region.
The newly established partnership will spearhead the development of an innovative Financial Agro-platform designed to improve regional food security through advanced digital financial solutions. This initiative aims to replicate the successful case study in Malaysia, which has been operational since 2022, expanding its benefits to Uzbekistan and potentially other Central Asian countries.
The collaboration involves several key players:
Tashkent State Agrarian University: A premier educational institution in Uzbekistan, playing a crucial role in agricultural research & development, breeding program and collaboration with other Malaysian universities. CAG (M) Sdn Bhd: a leading Consulting company known for its expertise in International Consulting and Connecting between Southeast Asia and Central Asian countries, MyLembu c/o Eagleconnect Sdn Bhd in agro-financial technologies and Halal investment solutions and Uzlamb c/o “CAG-Consultant” LLC, A local Uzbek company that will facilitate the integration of the platform within Uzbekistan with its local lamb operators in Uzbekistan.
The primary objective of this partnership is to introduce a digital financial agro-platform, leveraging Fintech innovations to offer Halal investment opportunities. This platform aims to enhance food security and drive sustainable agricultural development across the region.
The MoUs’ also emphasizes the ethical dimension of the project, focusing on Halal finance principles that align with both Malaysian and Uzbek values. This approach will provide investors with secure, compliant, and socially responsible investment options while supporting regional agricultural growth.
The event was attended by high-level officials and industry leaders from both countries, underscoring the commitment to strengthening bilateral ties and advancing financial technology. The signing ceremony was highlighted by speeches from prominent figures, including representatives from the Tashkent State Agrarian University, Aziz A. Abduvasikov, Vice-Rector International relations, Transformation and Strategic Development and CAG (M) Sdn Bhd, Tabarruk Nabijon who expressed their enthusiasm for the project’s potential impact witness by the Embassy of Malaysia to Uzbekistan, Ms. Aimi Huda Ismail, First Secretary / Head of Chancery of Malaysia to Kyrgyzstan, Tajikistan and Uzbekistan.
As the project progresses, the anticipated benefits include enhanced digital financial trading between Central Asia and Southeast Asia, starting with the partnership between Malaysia and Uzbekistan. This initiative is expected to set a precedent for future collaborations, demonstrating the power of innovative financial solutions in driving regional development and strengthening international relations.
In summary, the MoUs’ signing on August 26, 2024, represents a significant milestone in fostering bilateral cooperation, advancing Halal finance, and leveraging digital technologies to address critical food security issues. The success of this initiative will likely pave the way for similar projects across the region, reinforcing the shared goals of sustainable development and economic growth.