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12th Islamic Financial Services Board summit in Almaty on May 19-21

The 12th Sammit of the Islamic Financial Services Board (IFSB) will take place in Almaty from May 19 to 21.

12th Islamic Financial Services Board summit in Almaty on May 19-21
©Tengrinews illustration
Summit of Islamic Financial Services Council to be held in Kazakhstan next year

Governor of the National Bank of Kazakhstan has declared that the summit of the Council for Islamic Financial Services will be held in Almaty in 2015. He also spoke about the future of Islamic finance in Kazakhstan.

Summit of Islamic Financial Services Council to be held in Kazakhstan next year
©akorda.kz
Nursultan Nazarbayev meets Crown Prince of Abu Dhabi

Nursultan Nazarbayev has met the Crown Prince of Abu Dhabi and deputy supreme commander of the United Arab Emirates Armed Forces Mohammed bin Zayed Al Nahyan.

Nursultan Nazarbayev meets Crown Prince of Abu Dhabi
Kairat Kelimbetov ©pm.kz
Kazakhstan should adjust its legislation for Islamic finance: Kelimbetov

Head of Kazakhstan National Bank Kairat Kelimbetov spoke about the stages of development of Islamic finance in Kazakhstan.

Kazakhstan should adjust its legislation for Islamic finance: Kelimbetov
Chinese and Islamic expansionism a threat in Kazakhstan?
Chinese and Islamic expansionism a threat in Kazakhstan?

The so-called Chinese Threat and Arab Islamization are among the major influences Kazakhstan is susceptible to.

Chinese and Islamic expansionism a threat in Kazakhstan?
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Islamic Bank allocated $25 million to Kazakhstan farmers

The Fund for Financial Support to Agriculture has started a series of seminars on Islamic financing for personnel of branches and representative offices in 11 regions of Kazakhstan.

Islamic Bank allocated $25 million to Kazakhstan farmers
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IDB told about development of Islamic financing in Kazakhstan

Chairman of ICD told about the plans for Islamic financing in Kazakhstan at the 3rd Kazakhstan conference on Islamic Financing.

IDB told about development of Islamic financing in Kazakhstan
Kazakhstan passes the first ever Islamic Finance Development Roadmap
Kazakhstan passes the first ever Islamic Finance Development Roadmap

Kazakhstan is already home to Al Hilal Islamic Bank. The Bank is a 100% subsidiary of Al Hilal Bank, UAE, and the first Islamic bank in Kazakhstan and CIS countries.

Kazakhstan passes the first ever Islamic Finance Development Roadmap
Development Bank of Kazakhstan designates underwriters of the first ever Sharia-compliant sukuk bond issue
Development Bank of Kazakhstan designates underwriters of the first ever Sharia-compliant sukuk bond issue

The planned overall sukuk program is worth $500 million, with the first five-year batch standing at $200-300 million.

Development Bank of Kazakhstan designates underwriters of the first ever Sharia-compliant sukuk bond issue
Adalet Dzhabiev. Photo courtesy of marker.ru
Kazakhstan can be core of common economic space in CA

Kazakhstan has ample experience of integration and association among the CIS countries and can become the core of the common space in CA.

Kazakhstan can be core of common economic space in CA
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