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Prospects for Kazakhstan as a Key Islamic Centre in Central Asia

Explore the vision of President Nazarbayev to establish Kazakhstan as a Regional Center for Islamic Finance by 2020. Discover the timeline and actions taken to achieve this vision, including legislation approval, establishment of Islamic banks and takaful companies, and plans for conversion of existing banks. Learn about the commitment, roadmap, and action plan for the next 5 years to redefine priorities, focus on sukuk and national companies, and raise awareness through an impactful campaign.

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Prospects for Kazakhstan as a Key Islamic Centre in Central Asia

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  1. Prospects for Kazakhstan as a Key Islamic Centre in Central Asia

  2. Every initiative needs a vision

  3. President Nazarbayev’s vision to promote Kazakhstan as Regional Center for Islamic Finance by 2020 • Acknowledgement of President’s vision

  4. TIMELINE • 2009 Legislation approved • 2010 License issued to first Islamic Bank • 2011 First Takaful company • established • 2013 Kazakhstan Ijara Company • for leasing to SME’s • 2013 Plans for conversion of an existing • conventional bank to Islamic Bank

  5. Vision + E X E C U T I O N • = • Progress

  6. 5 YEARS TO ACHIEVE PRESIDENT’S VISION • Commitment • Roadmap • BCG review • Streamlining issues • Tax | Regulatory | Shariah • Products • SME issues

  7. ACTION PLAN • New focus for Roadmap • Redefining priorities • Sukuk • National companies • Awareness Campaign

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