Fayaz Tepe, also Fayoz-Tepe, is a Buddhist archaeological site in the Central Asia region of Bactria, in the Termez oasis near the city of Termez in southern Uzbekistan. The foundations of the site date to the 1st century CE, with a peak of activity around the 3rd and 4th centuries during the Kushan period, before experiencing a fatal decline around the 5th century CE, probably with the invasion of the Kushano-Sassanian, whose coinage can be found at the nearby site of Kara Tepe.