AIFB becomes a member of AFK and signs a Memorandum of Cooperation

The Association of Islamic Finance and Business (AIFB) has joined the Association of Financial Organizations of Kazakhstan (AFK) and signed a Memorandum of Cooperation.

This step marks a new stage in the development of Islamic finance in Kazakhstan and strengthens cooperation among key participants of the financial market.

The parties agreed to work together on the development of the industry. In particular, AIFB will act as a center of expertise in Islamic finance, providing professional support and консультации. The cooperation also includes joint development of proposals to improve regulation, taxation, and the introduction of new financial instruments.

Special attention will be given to the exchange of analytical and legal information, which will help promote Islamic financial solutions more effectively in Kazakhstan.

The collaboration between AIFB and AFK creates a solid foundation for further growth of Islamic finance and strengthening its role in the national financial system.