Khaled Al-Aboodi, CEO of the Islamic Corporation for the Development of the Private Sector (ICD), a arm of the Islamic Development Bank (IDB) for private sector, told about the plans for development of Islamic financing in Kazakhstan at the 3rd Kazakhstan Conference on Islamic Financing.
“First of all, we are establishing the first ijara company in Kazakhstan. ICD is opening the ijara company together with a big group of foreign and local investors. This is Islamic leasing in Kazakhstan to support development of small and medium businesses by providing them with alternative resources for the projects that comply with Sharia requirements………………………………………..Full Article: Source