As the global economy struggles with slow growth and high debt, Islamic finance looks to the CIS for opportunities. Amanie Advisors recently registered its new subsidiary – Amanie Advisors CIS in Astana, Kazakhstan.
The CIS presents a huge potential market for Islamic Finance with a population of nearly 100 million Muslims, accounting for roughly 30 per cent of the total population. Recently Kazakhstan adopted a special law on Islamic banking and finance and is vying for the regional leadership role in the development of Islamic financial instruments………………………………………..Full Article: Source