Kazakh law on Islamic banking: Deputies in the Majilis, the lower chamber of Kazakhstan’s parliament, have approved a bill that will pave the way for the establishment of a fully-fledged Islamic financial system in Kazakhstan. The bill has been designed to provide a stable environment in which Islamic banking can flourish by guaranteeing insurance payments, and by strengthening the system of compulsory insurance relating to its practitioners.
Kazakh law on Islamic banking approved by Majilis
Islam