AlIF CAPITAL HOLDINGS

Fintech company based on technology and noble values.

Learn more

Portfolio

Our products

One of the fastest growing banks in Tajikistan.

Visit site
Alif Bank

Transfer money without commission, pay for services, get cashback 0.5%.

Visit site
Alif Mobi

Individual card for the purchase of goods and services in installments in a short time.

Visit site
Alif Salom

Biggest online marketplace in Tajikistan and Uzbekistan

Visit site.
Alif Shop
Alif bank

One of the fastest growing banks in Tajikistan

Alif bank
Visit site
Alif mobi

Transfer money without commission, pay for services, get cashback 0.5%

Alif mobi
Visit site
Alif salom

Individual card for the purchase of goods and services in installments in a short time.

Alif salom
Visit site
Alif shop

Biggest online marketplace in Tajikistan and Uzbekistan

Alif shop
Visit site

Roadmap

We explore beyond national borders

Roadmap
play video

More

We never stop

play video

About us

We always grow

ORIGINS

Our history

2021

Alif Business.

April

Launched services for corporate clients and private entrepreneurs.

World Islamic Fintech Awards.

April

Alif awarded for the Best Shariah Compliant Payment, Remittance and FX Platform.

New capability.

In 2021

Courses were modified to the open school.

2020

The license.

January

Alif Capital received a banking license under the number of 0000114 and was renamed Alif Bank.

Partnerships.

January

CBH Compagnie Bancaire Helvétique SA - a Swiss private bank acquired a stake in Alif and has since been instrumental in our growth. Additionally - we launched money transfer service through Russian cards and SberBank Online.

Restructuring.

February

During the restructuring of the entire group of companies, Alif Bank's Uzbek subsidiaries Alif Tech and Alif Moliya were registered under Alif Bank's parent company.

Ratings.

June

The Italian rating agency MicroFinanza Rating assigned Alif Bank a financial rating of BBB Stable.

Progressing.

July

Obtained a license as a Payment Institution in Uzbekistan.

Strategic Partnership.

September

Signing of strategic partnership agreement with Visa. Signing of corporate governance agreement with IFC.

Overcoming the pandemic.

in 2020

Alif Academy, launched its JS Open School, and within the successful result of the course, the next online course Golang started.

IT and 1st-grade pupil.

October

The academy signed a partnership agreement with the Empire of Knowledge School and launched programming lessons for the 1st-grade pupil, they learn to draw different heroes and animate them to write a small-sized game.

The EWC Global Finals.

October

Alif has been selected for Top 100 Global Finals of The Entrepreneurship World Cup Award.

Expanding significantly.

November

Gradually entered 14 regions of Uzbekistan.

Women in society

November

Academy launched an online course on basic programming for girls across the country.

2019

Alif expands its footprint by entering the Uzbekistan market.

March

Alif Tech was opened in Uzbekistan. This is Alif's first significant step towards geographical expansion. Alif Tech is a subsidiary of Alif, that is granted IT Park resident status in the Republic of Uzbekistan.

A new office.

September

Alif Moliya was established in Uzbekistan and servicing sales of goods by installments through alifshop.uz.

A free training Centre.

September

Alif trains students and selects the best to join Alif.

Fair execution of tax laws.

October

Alif Capital was granted a certificate of appreciation from the Tax Committee of the Republic of Tajikistan for fair execution of tax laws and significant contribution to the state budget revenue.

Expanding.

November

A new Banking Centre was launched in Dushanbe city.

Clear vision of the future.

November

Alif raised funding from Monaco-based Tajik entrepreneur Khofiz Shakhidi, who in turn became 25% shareholder in Alif and became a Chairman of the Board. The raised funds allowed Alif to apply for a full banking license in Tajikistan.

Brand of the year.

December

Alif was awarded as the "Brand of the Year 2019. Peak of Fame".

2018

Mobile wallet.

January

alif.mobi, fully written in-house, is now the largest, most widely used and highly rated mobile wallet in the country.

Remittances.

January

Alif joined the International Money Transfer Systems.

Nasia card.

March

Alif issued an overdraft card that allows free overdraft for 10 days – first such product in the country.

Salom.

August

Alif issued 'Salom' a club card, which allows customers to buy goods by installments online and offline with minimal effort. To support Salom cards, Alif has also developed special software that turns ordinary smartphones into POS terminals, which merchants use to process Salom transactions. Alif is currently the clear market leader in Tajikistan for point-of-sale financing.

Alif online.

October

We launched a website with a personal account where all transactions and services can be monitored by users.

2017

In-house Core Banking System.

January

Alif made a significant step towards becoming a fintech company by launching its fully in-house written Core Banking System (CBS), which allows Alif to be self-sufficient, fast and flexible.

Card Processing.

March

Alif joined the National Card Processing Centre and started issuing Korti Milli cards. (Korti Milli exceeds 1.4 million cards, which is more than 83% of all payment cards in Tajikistan).

Launch of the first online shop.

June

The alif.shop is the country's first online shop with an option to buy goods in installments. Later, alif shop became the largest online-B2C marketplace in Tajikistan.

First steps to IT literacy for all.

August

Alif Academy, under the mentorship of Alif employees opened the first IT course for the talented people of Tajikistan.

Expanding.

October

A new Banking Centre was launched in Khujand city.

The first online acquiring.

November

Alif launched the first online acquiring platform for the Korti Milli, which allowed Korti Milli cardholders to pay online. By ushering a period of the rapid growth of fintech, Alif's system was later widely adopted by other banks in the country.

2016

The valuable license.

March

Alif received the license as an MDO – Microcredit Deposit Organisation. Since then, Alif has been authorised to open deposits, conduct exchange transactions within the country and abroad, and permission has also been obtained to provide broader financial services.

Deposit.

April

The first deposit account opened.

2015

Software.

October

We launched the first proprietary software “Customer Relationship Management” (CRM).

Valuable progress.

In 2015

Within nine months of operation, Alif tripled its loan portfolio and became the 5th largest Microcredit organisation among the Association of Microcredit Organisations of Tajikistan (AMFOT).

2014

Establishment.

April

Alif Capital was founded on and licensed as a Microcredit organisation.

The first offer.

April

The first car loan offered.

The first raise.

June

The first loan funding raised.

Directors

Board of Directors

Khofiz Shakhidi

Khofiz Shakhidi

Chairman of the board

Khofiz Shakhidi is a specialist in the field of investment business and has extensive experience in investment in rapidly developing sectors of the economy. He started his banking career in the City of London at Credit Agricole Indosuez and continued in the structural divisions of one of the oldest banks in Switzerland, BSI Bank in the UK, and Monaco. Currently, he is the owner of companies in finance, trading/logistics of commodities and real estate development.

Abdullo Kurbanov

Director and Co-founder

Abdullo Kurbanov is CEO and Co-founder of Alif. He is also a co-founder of Somon.tj (a classifieds website) - currently the second most popular website in Tajikistan (after Google). Previously, he served as Deputy Chairman of the Board of Orienbank, one of the largest commercial banks in Tajikistan. Prior to that, Abdullo was Vice-President for Mining Investments at Origo Partners PLC, a British private equity company with investments primarily in Mongolia and China. Earlier, Abdullo was based in London working as an analyst in the Metals & Mining team of UBS Investment Bank, a Swiss global investment bank. He also worked for Oliver Wyman (Financial Consulting) out of London and Moscow. Abdullo holds an MS in Finance with Distinction from the London School of Economics, UK (2009) and a BA in Management with High Honors from Bogazici University in Istanbul, Turkey (2008).

Abdullo Kurbanov
Zuhursho Rahmatulloev

Zuhursho Rahmatulloev

Director and Co-founder

Zuhursho Rahmatulloev is Co-Founder of Alif in Tajikistan and CEO of Alif Moliya in Uzbekistan. Prior to founding Alif, from 2011-12, Zuhursho served as Business Development Manager at BDO Tajikistan, one of the leading audit firms in the country. Previously he also co-founded and failed a number of start-ups in real estate and tourism. In addition, he co-founded a Public Organization, “Peshraft,” which supports young leaders through various stipend programs. Zuhursho holds an MA in International Political Economy with merit from the University of Warwick, UK (2010) and a BA in Business Administration with merit from London South Bank University (2009). He also holds a Chartered Islamic Finance Professional degree from the International Centre for Education in Islamic Finance (INCEIF) in Kuala Lumpur, Malaysia (2013).

Firdavs Mirzoev

Director and Co-founder

Firdavs Mirzoev is Co-founder of Alif. Prior to moving full time to Alif Bank he was the managing partner of one of the leading law firms in Tajikistan – Nazrisho & Mirzoev law firm, advising mainly international financial institutions and foreign investors on different matters of Tajik law. Firdavs holds an LL.M degree from the Saint Louis University School of Law (2011) and a diploma in law with honors from the Tajik State National University Faculty of Law (2007). He is also an Honorary Legal Adviser to the British Ambassador to Tajikistan and a CEDR accredited Mediator.

Firdavs Mirzoev
Rajabbek Sulaymonbekov

Rajabbek Sulaymonbekov

Director

Rajabbek Sulaymonbekov is a Senior Executive with expertise in Financial Services, Corporate Finance, Project Finance, Strategic Planning, Risk Management, Leadership Development, Trade and Business Consulting with more than 20 years of experience. Currently he is working as a Deputy Chairman of the Board at OJSC Orienbank and as a CEO of Orien-Leasing LLC, a subsidiary of OJSC Orienbank. Rajabbek is a Board of Directors member at Somon Air LLC, a local airline company and a Board Member at American Chamber of Commerce (AmCham) in Tajikistan. He is a Co-founder of Alif Bank and several trading companies engaged with Import-Export operations such as Dionis LLC, Libos LLC, 1001 May LLC and etc. Rajabbek also has an experience working USAID funded projects in Central Asia.

Shariah compliance

Ethical fintech

We are committed to Shariah-compliance across our products and processes. We do not market our values, we simply make them clear to investors and other stakeholders.

illustration

CONTACTS

Grow with us