Majilis approved amendments to bill on activity of Islamic Banking
Astana. December 25. Kazakhstan Today - The deputies of Majilis of Parliament at the plenary session on Wednesday in the second reading passed the bill on introduction of amendments and additions to the acts related to organization and activity of Islamic Banking and the organization of Islamic Financing, the agency reports. According to Majilis Committee for Finance and Budget, the main purpose of the bill is introduction of tools of Islamic finance. Passing the bill will allow introducing the alternative forms of financing and will promote decrease of the interest rates for bank services of traditional Kazakhstan banks.
Resourse: Kazakhstan Today