KAZAKHSTAN studies lower capital requirements for Islamic banks

2 December 2015 —
Kazakhstan's central bank is considering halving the capital requirement for Islamic banks to 5 billion tenge from 10 billion tenge, part of a series of initiatives to attract foreign capital to Central Asia's largest economy.

The majority Muslim state is keen to develop Islamic finance, a sector that currently holds less than 1 percent of total banking assets, according to a Thomson Reuters study released on Tuesday. Read the full story KAZAKHSTAN studies lower capital requirements for Islamic banks
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