The Prime Minister of Kazakhstan

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Almaty to become center of Islamic finance within EEU - Kelimbetov

30 October 2014, 17:48

Almaty city will become the center of Islamic finance within the CIS, the Custom Union and EEU, Chairman of the National Bank Kairat Kelimbetov has said today at a briefing in the Central Communications Service.

“Kazakhstan has the opportunity to become the center of Islamic finance within the CIS, the Custom Union and EEU,” Kelimbetov has said.

According to him, Kazakhstan will use Malaysian experience in attracting investments and the issue of state’s and private obligations.

“In this regard, we plan that our stock market will be in cooperation with the market in Kuala Lumpur, as you know the market of obligations reaches 200 billion dollars that is trillion dollars in the world of Islamic investors,” he said.

“As you know we have signed the agreement with the National Bank of Kazakhstan and Central Bank of the UAE. We also reached the agreement with Central bank of Bahrein which will work on personnel training and introducing the experience,” he added.