The National Bank of the Kyrgyz Republic has opened a public consultation on proposed amendments to requirements governing banks’ Islamic windows and rules for murabaha contracts. The draft seeks to improve requirements for Islamic window operations and align Islamic financing regulations with the June 8, 2026, amendments to the Civil Code concerning murabaha contracts. The proposal follows amendments adopted in September that aligned rules for sharika or musharaka and diminishing musharaka contracts with the same Civil Code amendments and international Sharia standards. The current consultation addresses murabaha contracts and Islamic window requirements rather than those earlier contract changes.
National Bank of the Kyrgyz Republic consults on Islamic window requirements and murabaha rules
The National Bank of the Kyrgyz Republic is consulting on amendments to requirements for banks’ Islamic windows and rules for murabaha contracts. The proposal would align murabaha regulations with the June 2026 Civil Code amendments, following earlier alignment of rules for musharaka and diminishing musharaka contracts.