RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of July 16, 2014 No. 32/5

About approval of "Regulations of activities of the credit unions performing transactions by the Islamic principles of banking and financing"

According to 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 "Regulations of activities of the credit unions performing transactions by the Islamic principles of banking and financing" it (is applied).

2. This resolution becomes effective after thirty days after official publication.

3. To legal management:

- publish this resolution on the official site of National Bank of the Kyrgyz Republic;

- after official publication to send this resolution to the Ministry of Justice of the Kyrgyz Republic for entering into the State register of regulatory legal acts of the Kyrgyz Republic.

4. To management of methodology of supervision and licensing to bring this resolution to the attention of Association of credit unions and cooperatives of Kyrgyzstan, National association of credit unions and JSC Finance Company of Credit Unions.

5. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic Chokoyev Z. L.

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of July 16, 2014 No. 32/5

Regulations of activities of the credit unions performing transactions by the Islamic principles of banking and financing

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