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Al Hilal Bank seeks to popularise Islamic banking in Kazakhstan

Posted on 23 February 2011

From Inform.kz: Kazakhstan is set to become a launch pad for the development of Islamic banking in the entire CIS region. Experts believe over the last few years a lot has been done in the country to ensure proper introduction of banking activity that is consistent with the principles of the Islamic law (Sharia).
In a sense, Kazakhstan’s know-how in introducing the Sharia-based financial activities is unique, for the appropriate legislative frameworks were provided long before the first Islamic institution started functioning in the country……………………………………….Full Article: Source

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