RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of September 30, 2009 No. 39/5

About the Provision "About Requirements to Accounting Policy of the Commercial Banks Performing Transactions according to the Islamic Principles of Banking and Financing"

Having considered the project of the Provision "About Requirements to Accounting Policy of the Commercial Banks Performing Transactions according to the Islamic Principles of Banking and Financing", being guided by articles 7 and 43 of the Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic", the Board of National Bank of the Kyrgyz Republic decides:

1. Approve the Provision "About Requirements to Accounting Policy of the Commercial Banks Performing Transactions according to the Islamic Principles of Banking and Financing" according to appendix to this resolution.

2. This resolution becomes effective after one month after official publication.

3. Send to legal department this resolution to the Ministry of Justice of the Kyrgyz Republic for inclusion in the State register of regulatory legal acts of the Kyrgyz Republic.

4. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic Bokontayev K. K.

Approved by the Resolution of Board of National Bank of the Kyrgyz Republic of September 30, 2009 No. 39/5

Regulations on requirements to accounting policy of the commercial banks performing transactions according to the Islamic principles of banking and financing

This Provision determines the main requirements imposed by National Bank of the Kyrgyz Republic to accounting policy of the commercial banks performing transactions according to the Islamic principles of banking and financing including the banks having "Islamic window" (further - banks).

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