Islamic finance developing in Central Asia

Kazakhstan is playing an important role in the development of Islamic banking according to the AlHuda Center of Islamic Banking and Economics in the Islamic Finance Week organised by Astana International Finance Center.

Its impacts can be seen not only in central Asian countries like Tajikistan, Uzbekistan, Kirgizstan and Turkmenistan but also in neighboring regions including Caucasus and the Balkans. Islamic banking along with Takaful, Islamic microfinance, Islamic capital market and Sukuk are developing continuously and consistently.

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