23.04.2015, 02:17
Fund for Financial Support of Agriculture provides funds to rural residents under Islamic program Murabaha
OREANDA-NEWS. April 23, 2015. Fund for Financial Support of Agriculture JSC (Astana),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press-release:
In 2012, in Kazakhstan retail Islamic financing was first launched in the framework of an agreement between a subsidiary of "KazAgro" National management holding" JSC -"Fund for Financial Support of Agriculture" JSC - and the Islamic Development Bank. Provision by the IDB of 10 million US dollars was fully developed in 2012-2013.
After that, the Fund continued Islamic financing at his own expense.
The full press-release is available on KASE website in Kazakh at http://www.kase.kz/files/emitters/FAGR/fagr_reliz_210415.pdf
In 2012, in Kazakhstan retail Islamic financing was first launched in the framework of an agreement between a subsidiary of "KazAgro" National management holding" JSC -"Fund for Financial Support of Agriculture" JSC - and the Islamic Development Bank. Provision by the IDB of 10 million US dollars was fully developed in 2012-2013.
After that, the Fund continued Islamic financing at his own expense.
The full press-release is available on KASE website in Kazakh at http://www.kase.kz/files/emitters/FAGR/fagr_reliz_210415.pdf
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