Shariah-compliant mortgages to be issued in Kazakhstan

Shariah-compliant mortgages: Kazakhstan is planning to launch a mortgage company that will issue Shariah-compliant loans, the head of the Islamic  Finance Association Yerlan Baydaulet announced yesterday. The initiative is part of the government’s drive  to stimulate capital investment – especially in less-developed areas and those with high employment rates – by advancing loans at below market interest rates. AKI Press