It is assumed that Kazakhstan OIC chairmanship will be asserted to them by the end of June 2011. Tajikistan currently holds the OIC chairmanship. Malaysian bank Amanah Raya’s head of corporate finance thinks this opportunity will bring between $500 and $600 million in foreign investments to Kazakhstan’s sukuk (Islamic bond sector).
Amanah Raya is said to be establishing an Islamic bank in Kazakhstan by the end of 2011………………………………………..Full Article: Source