The National Bank of the Kyrgyz Republic has opened a public consultation on a draft Board resolution to amend certain National Bank regulatory acts to expand the list of contracts aligned with Islamic banking and finance principles that can be used in Kyrgyzstan. The expanded contract list would apply to banks, microfinance organisations and credit unions that hold the relevant National Bank licence or certificate. The draft has been published on the National Bank’s website and on Kyrgyzstan’s unified public consultation portal. Comments and proposals on the draft are due by 19 September 2025.
National Bank of the Kyrgyz Republic 2025-09-04
National Bank of the Kyrgyz Republic launches consultation on expanding permitted Islamic banking and finance contracts
The National Bank of the Kyrgyz Republic is consulting on a draft Board resolution to amend regulatory acts to expand the list of contracts aligned with Islamic banking principles. This expansion applies to banks, microfinance organisations, and credit unions with the appropriate National Bank licence or certificate.