The Islamic Improvement Financial institution Institute (IsDBI) (https://ISDBInstitute.org/) is happy to announce the profitable completion of its flagship Islamic Finance Strategic Mapping Framework (IF-MAP, previously IF-CAF) (https://apo-opa.co/4cXPwti) pilot train within the Republic of Kazakhstan. This complete evaluation, performed in collaboration with the Astana Worldwide Monetary Centre (AIFC), aimed to establish key alternatives and challenges throughout the nation’s Islamic finance sector.
The pilot initiative of IF-MAP was launched (https://apo-opa.co/3MyooGO) in June 2023, and concerned intensive consultations with key stakeholders, together with authorities businesses, monetary establishments, and trade specialists. The ensuing tailor-made coverage suggestions report, which outlines the sector’s progress and supplies suggestions for future growth, has been submitted to the AIFC.
As one of many key outcomes of the train, IsDBI and AIFC collectively developed the Kazakhstan Islamic Finance Nation Report 2024 (https://apo-opa.co/3B4GwFv) which H.E. the Governor of AIFC, H.E. Mr. Renat Bekturov, launched on 6 September throughout the Astana Finance Days. The report highlights the immense potential of Islamic finance in supporting Kazakhstan’s financial progress and growth.
In his welcome deal with, H.E. Mr. Renat Bekturov famous: “This report not solely supplies a complete overview of the Islamic finance trade but additionally highlights our shared imaginative and prescient for the longer term. AIFC’s dedication to selling Islamic finance is clear by means of favorable situations supplied to Islamic monetary firms to function in each the retail and company sectors. The report is a useful information for traders, policymakers, and stakeholders.”
Commenting on the profitable completion of the pilot train, Dr. Sami Al-Suwailem, Appearing Director Normal of IsDBI, acknowledged, “We’re delighted to have collaborated with the AIFC on this essential initiative. The Kazakhstan Islamic Finance Nation Report presents a precious evaluation of the sector’s present state and future prospects. We consider that the report, along with the IF-MAP coverage suggestions submitted to the AIFC, shall be instrumental in guiding policymakers, traders, and monetary establishments as they work to harness the complete potential of Islamic finance in Kazakhstan.”
The IsDB Institute stays dedicated to supporting the expansion and growth of the Islamic finance trade worldwide. By way of its analysis, coaching, and capacity-building packages, the Institute seeks to contribute to the creation of a extra inclusive and sustainable monetary system.
The Kazakhstan Islamic Finance Nation Report 2024 is accessible on IsDBI web site right here: https://apo-opa.co/4ge7jQ1
Distributed by APO Group on behalf of Islamic Improvement Financial institution Institute (IsDBI).
Media contact:
Habeeb Idris Pindiga
Affiliate Supervisor, Data Horizons
Islamic Improvement Financial institution Institute (IsDBI)
E-mail: hpindiga@isdb.org
Social media handles:
X (Twitter): https://apo-opa.co/4cWpZRt
Fb: https://apo-opa.co/4cWi1I2
LinkedIn: https://apo-opa.co/4dSp1Hj
In regards to the Islamic Improvement Financial institution Institute:
The Islamic Improvement Financial institution Institute (IsDBI) is the data beacon of the Islamic Improvement Financial institution Group. Guided by the ideas of Islamic economics and finance, the IsDB Institute leads the event of progressive knowledge-based options to assist the sustainable financial development of IsDB Member International locations and varied Muslim communities worldwide. The IsDB Institute allows financial growth by means of pioneering analysis, human capital growth, and data creation, dissemination, and administration. The Institute leads initiatives to allow Islamic finance ecosystems, finally serving to Member International locations obtain their growth goals. Extra details about the IsDB Institute is obtainable on https://ISDBInstitute.org/