ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of September 12, 2009 No. 578

About approval of the Regulations on the organization of insurance by the Islamic principles (такафул)

For the purpose of implementation of presidential decrees of the Kyrgyz Republic "About pilot project of implementation of the Islamic principles of financing in the Kyrgyz Republic" of July 12, 2006 and "About further measures for implementation of the industry of Islamic financial services in the Kyrgyz Republic" of April 22, 2008 the No. 146 Government of the Kyrgyz Republic decides No. 373:

1. Approve enclosed:

- Regulations on the organization of insurance by the Islamic principles (такафул);

- the paragraph third Item 1 ceased to be valid according to the Order of the Government of the Kyrgyz Republic of 01.06.2017 No. 323

2. This resolution becomes effective after 15 days from the date of official publication.

3. To impose control over the implementation of this resolution on Service of supervision and regulation of the financial market of the Kyrgyz Republic.

Approved by the Order of the Government of the Kyrgyz Republic of September 12, 2009 No. 578

Regulations on the organization of insurance by the Islamic principles (такафул)

This Provision determines procedure for insurance according to the Islamic principles of insurance (такафул) in the territory of the Kyrgyz Republic.

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