The National Bank of the Kyrgyz Republic and the Association of Islamic Finance have signed a cooperation memorandum to support the development of Islamic finance. The agreement focuses on improving public financial literacy and awareness, strengthening financial market participants’ professional knowledge, and expanding research, education and expert cooperation. The initiative supports the country’s Islamic finance infrastructure alongside the central bank’s earlier work to refine its regulatory framework for Islamic banking and finance. The association provides a professional platform for banks, microfinance organizations, insurance companies, Islamic finance experts and other industry participants.
National Bank of the Kyrgyz Republic signs cooperation memorandum to develop Islamic finance expertise and awareness
The National Bank of the Kyrgyz Republic and the Association of Islamic Finance have signed a memorandum to develop Islamic finance knowledge and infrastructure. Cooperation will cover public awareness, professional training, research, education and expert engagement.