11.04.2018

Can Kazakhstan tap Islamic Finance to become a regional Islamic Finance hub?

As the Central Asia’s largest and richest country, with a Muslim-majority population of around 18 million people, Kazakhstan wants its local Islamic banking industry, as an alternative source of capital for SMEs, to reach 3-5% of its total banking assets by 2020 from 0.08% in 2015. 

This article was first published in Islamic Finance news Volume 15 Issue 15 dated the 11th April 2018.

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Shaimerden Chikanayev

Partner, Director of Banking & Finance Department