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Kyrgyzstani authority introduced regulations to implement principles of Islamic finance

Kyrgyzstani authority has introduced legislation to implement the principles of Islamic finance.

Source : islam.ru / 27 Jul 2013

Kyrgyzstani authority has introduced legislation to implement principles of Islamic finance. It was announced by the Chairman of the Development Committee of Islamic economics Talantbek Kerimbayev during the "The development of the principles of Islamic finance in Kyrgyzstan: Challenges and Prospects" round table, KyrTAG news agency reports.

"Kyrgyzstan is the first country in the CIS, which introduced the necessary legislation for the implementation and development of the principles of Islamic finance ", - said T. Kerimbayev.

According to him, the fundamental document for the establishment of the principles of Islamic finance in Kyrgyzstan was the decree "On the introduction of Islamic financial services industry in the Kyrgyz Republic" dated 2008.

 

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