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News about finance

Launching a second Islamic Bank is not yet certain: Development Bank of Kazakhstan In March 2011 the then Chairman of the Board at DBK Gali Isskaliyev had said that the DBK would have a final decision on a second Islamic bank in Kazakhstan not earlier than in May 2011.
16 June 2011
Islamic securities of interest to private companies: Kazakhstan’s Finance Minister Bolat Zhamishev The Minister informed that respective amendments [enabling to issue Islamic securities in Kazakhstan] will be adopted within a month.
09 June 2011
Malaysia to teach Islamic banking to Kazakhstan Malaysia is ready to provide trainings. We are inviting to send a [Kazakhstan’s] delegation to study our practices: Malaysia’s Prime Minister Datuk Seri Najib Tun Razak.
06 June 2011
Kazakhstan launches a new Islamic finance vehicle Zakyat Fund will be collecting zakyat tax and redistributing the money among the poor.
30 May 2011
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