The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has granted Abu Dhabi Commercial Bank (Kazakhstan) a universal banking license and a license to conduct Islamic banking operations. It becomes the first bank in Kazakhstan authorized to combine conventional and Islamic banking within a single institution through an Islamic window.
The arrangement is permitted under the Law on Banks and Banking Activity adopted on Jan. 16, 2026. It allows a universal bank to offer conventional banking products alongside financial instruments that comply with Islamic financing principles without establishing a separate Islamic bank. The licenses complete the bank’s establishment and authorize it to conduct banking business in Kazakhstan.