of June 11, 2014 No. 25/9
About entering of amendment into the resolution of Board of National Bank of the Kyrgyz Republic "About the Provision "About Realization of the Islamic Principles of Financing in the Kyrgyz Republic within Pilot Project" of October 30, 2006 No. 32/2
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. Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About the Provision "About Realization of the Islamic Principles of Financing in the Kyrgyz Republic within Pilot Project" of October 30, 2006 No. 32/2 the following amendment:
in the Regulations on realization of the Islamic principles of financing in the Kyrgyz Republic within pilot project approved by the above-stated resolution:
- "the Transaction of Murabakh to add Chapter 2.3 with Item 16 of the following content:
"16. The bank can sign contracts with Islamic financial institutions for financing provision to clients according to the transaction of "murabakh" with respect for the principles and conditions conforming to standards of Sharia. The contract between the bank and Islamic financial institution providing financing according to the transaction of "murabakh" shall be approved by Sharia council of the bank.".
2. This resolution becomes effective after fifteen days after official publication.
3. To legal management:
- publish this resolution on the official site of National Bank of the Kyrgyz Republic;
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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The document ceased to be valid since September 30, 2025 according to Item 2 of the Resolution of Board of National Bank of the Kyrgyz Republic of September 12, 2025 No. 2025-P-12/46-1-(NPA)