In Kyrgyzstan, sharia-compliant banking currently accounts for a marginal share of the Kyrgyzstani financial sector. Recent estimates expect that Islamic financial assets in Kyrgyzstan could reach more soon.
Kyrgyzstan is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Kyrgyzstan's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.
Currently, Kyrgyzstan has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.
KYRGYZSTAN ONLINE SHARIA BANK