Kazakhstan’s Islamic Banking Market Faces Test Beyond Rapid Growth
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Islamic banking in Kazakhstan has seen significant growth in recent years. Despite this increase, it still represents a small portion of the overall financial system. Economist Ruslan Sultanov believes the long-term value of this sector depends on its ability to attract new investors. The goal is to channel additional funding into infrastructure and businesses. This is seen as more effective than simply redistributing existing resources.
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Islamic banking in Kazakhstan has grown significantly over the past years but still accounts for a small share of the financial system. Its long-term value will depend on whether it attracts new investors and channels additional funding into businesses and infrastructure, rather than redistributing existing resources, economist Ruslan Sultanov told The Astana Times.… The post Kazakhstan’s Islamic Banking Market Faces Test Beyond Rapid Growth appeared first on The Astana Times .
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