The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reported that Chair Madina Abylkassymova met Abu Dhabi Commercial Bank (ADCB) executives to discuss licensing its new Kazakh subsidiary and the group's operations in Kazakhstan. Discussions covered obtaining a universal banking license and a license for Islamic banking and other operations. Bank representatives outlined preparations to transfer ADCB Islamic Bank's assets and liabilities to Abu Dhabi Commercial Bank (Kazakhstan). The new bank plans to develop Islamic financing through an “Islamic window.” The agency had previously authorized ADCB to establish the subsidiary and obtain bank holding company status in relation to it. The new bank was registered with Kazakhstan's justice authorities on April 20, 2026.
Kazakhstan's Agency for Regulation and Development of the Financial Market discusses licensing and asset transfer plans for ADCB's new subsidiary
Kazakhstan's Agency for Regulation and Development of the Financial Market discussed universal and Islamic banking licenses with Abu Dhabi Commercial Bank (ADCB) executives. Preparations are underway to transfer ADCB Islamic Bank's assets and liabilities to Abu Dhabi Commercial Bank (Kazakhstan), which plans to provide Islamic financing through an “Islamic window.” The agency had already approved the subsidiary's establishment, and the bank was registered on April 20, 2026.