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// Workers AI · dad joke modeDoes Alif Bank charge a fee? Yes, it's a withdrawal from your account.

From Wikipedia, the free encyclopedia
Alif Bank OJSC
Native name
ҶСК «Алиф Бонк»
FormerlyMDO Alif Capital / Alif Sarmoya
TypeOpen joint-stock company
IndustryFinancial services
Founded2014; 12 years ago (2014)
Headquarters
Dushanbe
,
Tajikistan
Number of locations
3 branches and 14 service centers
Key people
Firdavs Mirzoev
(Chairman of the Supervisory Board, co-founder)
Gulanor Atobek
(Chairman)
Abdullo Kurbanov
(Co-founder)
Zuhursho Rahmatulloev
(Co-founder)
Products
Total equity257,300,000 somoni (31.12.2025)
Number of employees
1,000 (2026)
ParentAlif Capital Holdings Limited
Websitealif.tj

Alif Bank (full name Alif Bank Open Joint Stock Company,[1][2] Tajik: Ҷамъияти саҳомии кушодаи «Алиф Бонк»; former name MDO Alif Capital) is a commercial bank and fintech company[3][4] in Tajikistan. The bank is headquartered in Dushanbe and has three branches and 14 service centers in various cities of Tajikistan.[5]

History

[edit]

After several years of studying and working abroad, Abdullo Kurbanov, Zuhursho Rahmatulloev, and Firdavs Mirzoev founded Alif in Tajikistan in 2014.[6][7] According to the company's website, it initially started with three people, offering microloans to the public, and later expanded its workforce significantly.[8]

On 19 December 2019, MDO Alif Capital LLC was transformed into Alif Bank OJSC. Then, by decision of the Board of the National Bank of Tajikistan dated 3 January 2020, under No. 1, Alif Bank OJSC was granted a License to conduct banking operations in national and foreign currencies.[9][10]

Timeline

[edit]

2014

[edit]
  • April 29 — Alif Capital was founded by three co-founders[6][11] and signed a car loan agreement with its first client.[12]

2015

[edit]
  • October 7 — The first Customer Relationship Management (CRM) software was designed, which was later launched in 2016.[12]
  • During its nine months of operation, Alif tripled its loan portfolio and became the fifth-largest microcredit organization among members of AFOT (Association of Finance Organizations of Tajikistan).

2016

[edit]
  • March 14 — Alif Capital was granted a banking license, which enabled it to open savings accounts and carry out financial transactions both domestically and internationally.[9]
  • April 1 — The first savings account was opened.[12]

2017

[edit]
  • January 1 — Alif launched its core banking system, developed by its in-house programming team. Writing and launching its own core banking system allowed Alif to take an important step toward becoming a financial and technology company.[12]
  • March 17 — Joined the National Payment System Korti milli and began issuing its payment cards.[13]
  • June 3 — Alif Shop, one of the first marketplaces in Tajikistan offering purchases by installments, was launched.[12]
  • August 1 — Alif Academy was established, offering free programming courses to promote IT development in Tajikistan.[12]
  • October 16 — Alif Capital opened its first banking service center in Khujand.[12]
  • November 4 — Alif launched its first online acquiring platform, Alif Pay, enabling Korti milli cardholders to make online payments.[12]

2018

[edit]
  • January 6 — Alif Mobi, a mobile wallet, was launched.[13]
  • January 29 — Alif Capital joined the international money transfer system.[12]
  • March 15 — The company introduced an overdraft card with a 10-day installment feature for its clients.
  • August 20 — Alif launched the Salom installment card, which allows customers to purchase goods and services online and offline.[12]
  • October 26 — Alif Online's website was developed with a personal account feature for tracking operations and services used.[12]

2019

[edit]
  • November 13 — Khofiz Shakhidi acquired 25% of Alif Bank's shares and became the chairman of the supervisory board.[14][15]

2020

[edit]
  • January 3 — Alif Capital received a banking license under No. 0000114 from the National Bank of Tajikistan and became Alif Bank.[16][17]
  • June — The Italian rating agency MicroFinanza Rating confirmed Alif Bank's operational capacity and assigned it a BBB/Stable financial rating.[18]
  • July 7 — Alif Bank and Visa became strategic partners to develop the digital payment ecosystem in Tajikistan.[19]

2021

[edit]
  • August 13 — Alif Business Internet banking passed an information security test (pentest) from the Swiss company ImmuniWeb.[13]

2022

[edit]
  • November 2 — Gulanor Atobek was appointed as the new Chairman of Alif Bank.[20][21]

2023

[edit]
  • July–August — Following a comprehensive analysis and assessment, the international rating agency MicroFinanza Rating (Italy) assigned Alif an organizational rating of α- "Medium".[22]
  • Alif received three licenses for operations in the securities market, thereby broadening its range of services.[23]
  • Alif Bank established investment agreements with Mashreq Bank (UAE) and Aktif Bank (Türkiye).[24][25]

2024

[edit]
  • Alif Mobi passed cybersecurity tests by the international company Snapsec (UK), reaffirming Alif's commitment to digital security.[26]
  • Alif Bank and Mastercard signed an agreement to expand cashless payments in Tajikistan, launching Mastercard issuance.[27]
  • Alif Bank celebrated its 10th anniversary, reflecting on a decade of achievements and growth.[28]
  • Alif Bank and Visa introduced Google Pay services in Tajikistan for the first time, advancing digital payment options.[29][30]

2025

[edit]
  • In July 2025, Alif Bank launched Visa Direct to Account — commercial payments and transfers without commission.
  • In August 2025, the Alif app began offering transfers to China via Alipay and WeChat without commission or double conversion[31].
  • In September 2025, a new currency exchange service became available in the Alif app, allowing users to exchange U.S. dollars, euros, and Russian rubles without visiting a bank[32].

Activities

[edit]

Alif Bank's service centers are located in a number of cities and districts of Tajikistan: Istaravshan, Buston, Jabbor Rasulov, Bobojon Ghafurov, Kanibadam, Isfara, Panjakent, Spitamen, Bokhtar, Kulob, Danghara, Yovon, Vose, Jaloliddini Balkhi, Hisor, Vahdat, Tursunzoda, and Rudaki.

Holding structure

[edit]

Alif Capital Holdings Limited is the holding company and principal shareholder of Alif Bank, with its head office located in the United Kingdom.

As of 31 December 2025, the paid-up authorized capital of Alif Bank OJSC amounted to 257,300,000 somoni.

Management

[edit]
  • The Chairman of Alif Bank is Gulanor Atobek.[33]
  • Deputy Chairmen — Akbardzhon Mamadzhonov, Khushvaktmurod Sharifov.

Shareholders

[edit]

The sole shareholder of Alif Bank OJSC is Alif Capital Holdings Limited, a legal entity established under the laws of the United Kingdom.[34] As of 31 December 2025, the paid-up authorized capital of Alif Bank OJSC amounted to 257,300,000 somoni.

Owners

[edit]

According to the Alif Capital Holdings Limited website, the company's co-founders and supervisors are Abdullo Kurbanov, Zuhursho Rahmatulloev, and Firdavs Mirzoev; Khofiz Shakhidi, Firdavs Shakhidi, Rajabbek Sulaymonbekov, and Nasim Alibhai are registered as supervisors.

Banking products

[edit]

As a growing financial company, Alif offers various projects to the public in the areas of finance, technology, and education:

  • Alif Shop — an online store for purchasing by installment or cash. One of the first marketplaces in the Republic of Tajikistan, uniting stores in the capital and regional districts.
  • Alif Business — an Internet bank where corporate clients can carry out banking operations directly from their phone or computer. Alif Business also supports international commercial payments via Visa Direct to Wallet and Visa Direct to Account.
  • Salom card — Alif Bank's installment card, enabling purchases in installments throughout Tajikistan.
  • Alif app (formerly Alif Mobi) — a mobile wallet used in Tajikistan and Uzbekistan. With this app, customers can pay for utilities and other services, transfer money, make purchases via QR code, and manage their funds online.
  • Alif Pay — an online payment system using Korti milli cards from all banks in Tajikistan.

Issues

[edit]

On 20 June 2020, the National Bank of Tajikistan imposed a fine of 500,000 somoni on Alif Bank due to shortcomings in its personnel policy.[35] Abdullo Kurbanov emphasized the bank's "transparency in operations" and its "responsibility to society".[36]

In 2021, the Tax Committee under the Government of the Republic of Tajikistan demanded additional tax payments from Alif Bank amounting to approximately 1.6 million somoni (including fines) for the year 2019.[37] As a result of legal proceedings, the bank was required to pay the specified amount.

Awards and Recognitions

[edit]

2019

[edit]
  • Certificate of Honor from the Tax Committee under the Government of the Republic of Tajikistan for the honest fulfillment of tax legislation and a significant contribution to the revenue side of the state budget.
  • Gold prize "Brand of the Year — 2019" in the nomination "Peak of Glory".

2020

[edit]
  • Winner in the categories Fastest Growing Retail Bank in Tajikistan 2020 and Best Digital Wallet 2020 by Global Banking & Finance.[38]

2021

[edit]
  • Alif Bank received the ICD's Global Finnovation Award 2020 for its Alif Mobi app and Salom installment card at the annual meeting of the Islamic Development Bank Group.[39]

2022

[edit]
  • Award from the international payment system Visa — "Promotion of Visa Infinite and Platinum in the Republic of Tajikistan".
  • Received the GENStarters Award 2022 at the annual Global Entrepreneurship Network award event in Riyadh, Saudi Arabia.[40]

2023

[edit]
  • Alif Shop became the only marketplace from the CIS to be included in the top 100 of EWC 2022 out of 30,000 startups.[41]
  • The Golden Award "Brand of the Year — 2022" in the nomination Banking Financial Organizations;[42] a silver award for the Alif Shop online store and a bronze award for Alif Academy.
  • First place in the competition "Best Financial Credit Organization for Serving Women Entrepreneurs 2022" in the nomination "Opening and Maintaining a Bank Account".

2024

[edit]
  • Winner of Global Islamic Finance Awards 2024 in the category Islamic Debit Card Of The Year by The Digital Banker.[43][44]
  • Alif Bank received the Tajikistan National Digital Commerce Award in the categories Best Fintech Project and Best Marketplace.[45]

2025

[edit]
  • Alif Bank took first place in the competition "Best Financial and Credit Organization for Serving Women Entrepreneurs" in the nomination "Installation and Use of Electronic Payment Tools".
  • Alif Bank received three awards from Mastercard: "Sustainable Development Leader", "Creative Marketing Campaign 2025", and "Successful Mastercard Send Initiative 2025".
  • Alif Bank received four gold awards at the national "Brand of the Year 2025" competition in the categories "Financial Organization", "Modern Technologies", and "Culture and Education".
  • Alif Bank received eight awards from Visa: "Best Visa Direct Acquirer", "Best Issuer of Visa Commercial Cards", "Best Card Issuer in the Domestic Market", "Google Pay Advertising Campaign", "Launch and Promotion of the VDA/W Solution", "Implementation of Visa Risk Manager", "ALM Implementation", and "Cyber Source Integration in Visa".

2026

[edit]
  • In March 2026, Alif Bank received the international PCI DSS version 4.0.1 certificate from the independent company Compliance Control Ltd (Tallinn, Estonia)[46].

References

[edit]
  1. ↑ "ALIFTJ22 XXX BIC / SWIFT Code - ALIF BANK OPEN JOINT STOCK COMPANY Tajikistan". Wise. Retrieved 2025-01-10.
  2. ↑ "ALIFTJ22 BIC/SWIFT-код для ALIF BANK OPEN JOINT STOCK COMPANY". ohmyswift.io (in Russian). Retrieved 2025-01-10.
  3. ↑ "Alif". International FinTech. Retrieved 2025-01-10.
  4. ↑ "Building an ecosystem of financial products in Tajikistan". IBS Intelligence. Retrieved 2025-01-10.
  5. ↑ "Terminals, ATMs and offices | Alif". Terminals, ATMs and offices | Alif. Retrieved 2025-01-10.
  6. 1 2 Юсуфӣ, Муллораҷаб; Ятим, Шодмони (2019-02-03). "Мудири "Алиф Сармоя" як дарди бонкҳои Тоҷикистонро шарҳ дод.ВИДЕО". Радиои Озодӣ (in Tajik). Archived from the original on 2020-07-07. Retrieved 2020-02-14.
  7. ↑ "5 стартапов молодых таджиков, которыми мы гордимся" (in Russian). tajweek.tj. 2019-05-23. Archived from the original on 2020-07-11. Retrieved 2020-02-14.
  8. ↑ Алиф (2021-05-17). "Как финтех в Таджикистане создал собственную экосистему, открыл IT-академию и привлёк $10 миллионов инвестиций в капитал — Алиф на vc.ru". vc.ru (in Russian). Retrieved 2024-11-27.
  9. 1 2 "LLC MDO Alif-Sarmoya has been issued a license for effecting banking operations". nbt.tj. Retrieved 2025-01-10.
  10. ↑ "Micro-financing organization using the principles of Islamic Finance upgraded into bank". asiaplustj.info. ASIA-Plus. Retrieved 2024-11-27.
  11. ↑ January 2025, 3rd (2025-01-03). "Alif secures $20m debt investment from Accial Capital to boost financial inclusion in Uzbekistan - FinTech Futures: Fintech news". www.fintechfutures.com. Retrieved 2025-01-14.{{cite web}}: CS1 maint: numeric names: authors list (link)
  12. 1 2 3 4 5 6 7 8 9 10 11 "History, culture and product | Alif". History, culture and product | Alif. Retrieved 2025-01-14.
  13. 1 2 3 "The Role of Information Technologies in the Digital Economy of the Republic of Tajikistan" (PDF). Retrieved 2025-01-14.
  14. ↑ "Khofiz Shakhidi | Chairman of the board - Alif Bank". Forbes Finance Council. Retrieved 2025-01-10.
  15. ↑ "Alif Records Over 121% Year-on-year Growth, User Numbers Rise to 1.5 Million". Financial IT. Retrieved 2025-01-10.
  16. ↑ ""Алиф Сармоя" переименован в "Алиф Банк"". Ховар. 2020-01-06. Archived from the original on 2020-01-07. Retrieved 2020-02-14.
  17. ↑ "Alif Bank looks to further international expansion". The Banker. 2020-01-21. Archived from the original on 2020-02-14. Retrieved 2020-02-14.
  18. ↑ "MFR Reports - Financial & Social Ratings & Assessments". MFR. Retrieved 2024-11-28.
  19. ↑ "Visa и Алиф Банк объявили о стратегическом партнерстве для развития цифровой платежной экосистемы в Таджикистане | Новости Таджикистана ASIA-Plus". asiaplustj.info (in Russian). Retrieved 2025-01-10.
  20. ↑ "Назначен новый руководитель Алиф Банка". Вечёрка (in Russian). 2022-11-02. Archived from the original on 2024-12-19. Retrieved 2024-12-17.
  21. ↑ "Двадцать лет в сфере аудита. Назначен новый руководитель "Алиф Банка"" (in Russian). НИАТ "Ховар". 2022-11-02. Archived from the original on 2024-12-19. Retrieved 2024-12-17.
  22. ↑ "MFR в очередной раз подтвердило финансовую устойчивость Алиф Банка". asiaplustj.info. ASIA-Plus. Retrieved 2024-11-27.
  23. ↑ "Алиф получил 3 лицензии на осуществление деятельности на рынке ценных бумаг | Новости Таджикистана ASIA-Plus". asiaplustj.info (in Russian). Retrieved 2024-11-29.
  24. ↑ "Alif Bank signs investment agreements with UAE's Mashreq Bank and Türkiye's Aktif Bank". Daryo.uz. 2023-12-27. Archived from the original on 2024-12-19. Retrieved 2024-12-17.
  25. ↑ "Сотрудничество с банками ОАЭ и Турции". Сотрудничество с банками ОАЭ и Турции (in Russian). Archived from the original on 2024-12-19. Retrieved 2024-12-17.
  26. ↑ "Alif Mobi успешно прошёл проверку кибербезопасности". Asia-Plus. 2024-02-01.
  27. ↑ ""Алиф" и Mastercard заключили долгосрочное соглашение для развития безналичных платежей в Таджикистане | Новости Таджикистана ASIA-Plus". www.asiaplustj.info (in Russian). Retrieved 2024-11-29.
  28. ↑ ""Алифу" - 10 лет: мечта компании, принёсшая много перемен | Новости Таджикистана ASIA-Plus". asiaplustj.info (in Russian). Retrieved 2024-11-29.
  29. ↑ ""Алиф" и Visa представляют новый уровень платежей с Google Pay в Таджикистане | Новости Таджикистана ASIA-Plus". www.asiaplustj.info (in Russian). Archived from the original on 2024-12-19. Retrieved 2024-12-17.
  30. ↑ "The Top 6 Best Digital Banks in Tajikistan - OneSafe Blog". www.onesafe.io. Retrieved 2025-01-10.
  31. ↑ "Переводы в Китай на Alipay и WeChat: напрямую и без комиссии в приложении Alif". tj.vesti.news. Retrieved 2026-04-30.
  32. ↑ "Обмен валюты п приложении Alif — 24/7". Alif Bank (in Russian). Retrieved 2026-04-30.
  33. ↑ "Management of Alif Bank OJSC" (PDF). alif.tj.
  34. ↑ "Information about shareholder" (PDF). alif.tj.
  35. ↑ "За что оштрафовали "Алиф банк" на 500 тысяч сомони и как приняли это в самом банке? Коротко о самом главном за сегодня" (in Russian). YOUR. 2020-06-22. Archived from the original on 2024-05-21. Retrieved 2024-12-17.
  36. ↑ "Alif Bank reportedly fined 500,000 somoni for shortages in corporate management | Tajikistan News ASIA-Plus". asiaplustj.info. Retrieved 2025-01-14.
  37. ↑ ""Алиф Банк" обвинили в неуплате налогов | Новости Таджикистана ASIA-Plus". asiaplustj.info (in Russian). Archived from the original on 2024-12-19. Retrieved 2024-12-17.
  38. ↑ "GLOBAL BANKING & FINANCE AWARDS". Archived from the original on 2020-02-29. Retrieved 2024-11-25.
  39. ↑ "ICD ANNOUNCES WINNERS OF ITS INTERNATIONAL FINANCIAL INNOVATION COMPETITION TITLED "ICD'S FINNOVATION AWARD 2020". 2021-08-08. Archived from the original on 2024-12-02. Retrieved 2024-12-17.
  40. ↑ "Global Entrepreneurship Network Honors Top Startup Champions at Compass Awards Ceremony". www.genglobal.org. 2022-03-28. Retrieved 2025-01-14.
  41. ↑ "Алиф среди лучших: единственный стартап из СНГ в ТОП-100 EWC 2022". retail-loyalty.org (in Russian). 2023-03-02. Archived from the original on 2024-12-19. Retrieved 2024-12-17.
  42. ↑ "Как в Душанбе определяли лучшие бренды страны | Новости Таджикистана ASIA-Plus". www.asiaplustj.info (in Russian). Retrieved 2025-01-21.
  43. ↑ The Digital Banker (2024-06-17). "#IFA24 Islamic Debit Card of the Year (Highly Acclaimed) - Alif Bank". YouTube. Archived from the original on 2024-12-17. Retrieved 2024-12-17.
  44. ↑ "Global Islamic Finance Awards 2025 - The Digital Banker". Archived from the original on 2024-08-04. Retrieved 2024-11-25.
  45. ↑ "Национальная премия в области электронной коммерции Таджикистана: шаг к цифровому будущему". ecpat.tj. Archived from the original on 2024-12-20. Retrieved 2024-12-17.
  46. ↑ "Мы получили сертификат PCI DSS | Новости Алифа". Alif Bank (in Russian). Retrieved 2026-05-13.
[edit]
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