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Islamic finance growing in Kazakhstan

Posted on 17 January 2011

From Thenational.ae: Kazakhstan is aiming to become a Central Asian hub for Islamic finance, with plans to launch its first corporate sukuk this year and a new Sharia-compliant bank. “By attracting [foreign direct investment], a more effective role should be played by Islamic finance mechanisms,” said Asset Issekeshev, the deputy prime minister and minister of trade and industry.
“The Kazakh government these days works very actively towards the practical introduction of Islamic finance tools within the country,” Mr Issekeshev said……………………………………….Full Article: Source

 
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