Alif Capital Alif Capital is said to have been set up to provide financing solutions in accordance with Islamic finance as soon as the instructions by NBT are available. Alif Capital Alif Capital (тадж. "Алиф Сармоя", рус. "Алиф Капитал") – is the first micro-financing organization in the Republic of Tajikistan which uses the principles of Islamic Finance. It is located in Tajikistan, Dushanbe. In August 2014, the law regulating Islamic finance was finally enacted, however, the National Bank of Tajikistan (NBT) is currently working on issuing instructions for the financial institutions that wish to work under the principles of Islamic Finance. Nevertheless,
Bukharan People's Soviet Republic was set up, headed by A. Mukhitdinov. The government – the Council of People's Nazirs (Commissars) – was presided over by Faizullah Khojaev. The Bukharan People's Soviet Republic was proclaimed on 8 October 1920 under Faizullah Khojaev. In Soviet terminology, the republic was a "revolutionary-democratic dictatorship of the proletariat and the peasantry", a transition stage to a Soviet Socialist Republic. A new constitution was adopted in September 1921, which, contrary to the Russian Constitution of 1918, allowed private ownership of land and productive assets and granted voting rights to non-proletarians (although relatives of the deposed emir, former emirate officials, and