Kyrgyzstan has infrastructure for development of Islamic securities

24.07.2024

Islamic securities have a great potential for development in Kyrgyzstan. This was announced by the head of the Department of Sustainable Development of the KSE Irina Ivanova on the radio.

According to him, Islamic securities include green sukuk [sukuk is an Islamic financial certificate, the so-called equivalent of a bond of the Western financial system], which is an Islamic bond and includes criteria for financing environmental projects.

"Islamic finance is more developed in Arab countries, but we are...