Banking law and implementation of islamic banking in Kazakhstan
Other Title(s)
القانون المصرفي و تطبيق الصرفية الإسلامية في كازاخستان
Author
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 29, Issue 2 (31 Jul. 2016), pp.121-138, 18 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2016-07-31
Country of Publication
Saudi Arabia
No. of Pages
18
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
- Banks
- Islamic jurisprudence
- Islam
- Law
- Derivative securities
- Interdependence
- Financing
- Income tax
- Taxes
- Corporations
- Kazakhstan
- Religious aspects
- Banking
- Value added
- Financial services industry
- Islamic Banks
- al-Hilal Bank
Abstract EN
Since 2009, the National Bank of Kazakhstan has been working on creating the conditions for Islamic banks to function in the country.
A set of amendments to the Civil Code, banking and tax legislation and other laws and regulations, have been put in place to create a legal framework for Islamic banks so they can operate at the same level as conventional banks.
Despite the fact that these foundations have been created, the development of the Islamic banking industry has been modest..
The National Bank of Kazakhstan aims to make the country a regional hub for Islamic banking by 2020 and so it continues to play an active role in promoting Islamic financial institutions.
In 2015, the international law firm Fulbright Norton Rose was invited to develop a new set of legislative initiatives for the National Bank of Kazakhstan.
This paper discusses the recommendations made aimed at r enhancing the effectiveness of the regulatory framework for Islamic banking in Kazakhstani.
American Psychological Association (APA)
Salikhova, Alfiya R.. 2016. Banking law and implementation of islamic banking in Kazakhstan. Journal of King Abdulaziz University : Islamic Economics،Vol. 29, no. 2, pp.121-138.
https://search.emarefa.net/detail/BIM-694509
Modern Language Association (MLA)
Salikhova, Alfiya R.. Banking law and implementation of islamic banking in Kazakhstan. Journal of King Abdulaziz University : Islamic Economics Vol. 29, no. 2 (Jul. 2016), pp.121-138.
https://search.emarefa.net/detail/BIM-694509
American Medical Association (AMA)
Salikhova, Alfiya R.. Banking law and implementation of islamic banking in Kazakhstan. Journal of King Abdulaziz University : Islamic Economics. 2016. Vol. 29, no. 2, pp.121-138.
https://search.emarefa.net/detail/BIM-694509
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 135-136
Record ID
BIM-694509