Kazakhstan is planning to promote its new Astana International Financial Centre (AIFC) as a leading regional platform…
Topic: Islamic banking
Islamic banking initiatives in Russia, Azerbaijan, Kazakhstan and Central Asia
Islamic banking proposal could see ‘trillions of dollars’ flood into India
Islamic banking: Moves by the Reserve Bank of India (RBI) to offer its banks an “Islamic window”…
Shariya Review Bureau to help Zaman roll Islamic banking across CIS
Islamic banking in CIS: Kazakhstan’s Zaman Bank has appointed the Shariyah Review Bureau (SRB) to help roll out…
Iranian bank governor calls for input into Islamic Banking roadmap
Islamic banking roadmap: The Government of Iran’s Central Bank (CBI) Valiollah Seif this week called on…
Sanctions may push Russian companies towards Islamic finance, says Tatar president
Islamic finance could help Russian companies hit by Western sanctions gain access to credit, the President…
Islamic finance bill put before Duma
Islamic finance bill: A bill intended pave the way for the introduction of Islamic banking practices…
Islamic banks looking for Russian partners to introduce Shariah compliant services
Islamic banks looking for Russian partners: Two major Islamic banking institutions, the Al Baraka Banking Group and…
Russian banks turn to Islamic finance as alternative source of funding
Russian banks turn to Islamic finance: Several leading Russian banks including Vnesheconombank (VEB) and VTB are…
Kazakh law on Islamic banking approved by Majilis
Kazakh law on Islamic banking: Deputies in the Majilis, the lower chamber of Kazakhstan’s parliament, have…
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…
Sukuk issue expected from Kazakhstan next year
Sukuk: Kazakhstan expects to able to be in a position to issue Islamic bonds (sukuk) next year,…
Shariah finance costs cheaper than Eurobonds for AK BARS
Shariah finance costs: Raising funds via Sharia-compliant forms of finance may be even cheaper than using…
Al Hilal Islamic Bank looks to expand across Central Asia
Al Hilal Islamic Bank, Kazakhstan’s only sharia-compliant financial institution, is looking to take advantage of legislative efforts to…
Tajik law on Islamic banking comes into force
Tajik law on Islamic banking: A law sanctioning the use of Islamic banking products and services in Tajikistan…
Islamic Development Bank in talks with Kyrgyzstan
Islamic Development Bank President Dr Ahmad Mohamed Ali Al Madanrt has been discussing cooperation between the bank…
Parliament approves Islamic banks in Kazakhstan
Islamic banks in Kazakhstan: The lower house of Kazakhstan’s Parliament yesterday approved a bill that paves the way…
Parliament debates Islamic banking in Tajikistan
Islamic banking in Tajikistan: The Lower Chamber of Tajikistan’s Parliament will tomorrow debate the introduction of…
AK BARS Sharia-compliant investment deal
AK BARS Sharia-compliant investment: The Kazan-based AK BARS Bank has just raised $100m of Sharia-compliant investment…