MIslamic – Islamic Banking by MBANK and Kyrgyz Komur Sign Memorandum of Understanding

MIslamic, the Islamic banking service by MBANK, and Kyrgyz Komur have signed a Memorandum of Understanding. Under this partnership, customers can now purchase coal in installments through MIslamic Online Financing, in accordance with Sharia principles.

Buying enough coal for the entire winter at once can be expensive, while purchasing it in small quantities is inconvenient, especially as prices continue to rise. Now you can purchase the entire amount you need upfront and pay for it in installments.

To do so, simply apply for MIslamic Online Financing. It is available for amounts ranging from KGS 15,000 to KGS 200,000, with repayment terms of 3 to 36 months. Applications are usually reviewed within 1 minute. You can also repay the financing early if you wish.

How to purchase coal in installments

1. Open MIslamic in the MBANK app.

2. Go to the “Finance” section and select “For Personal Needs.”

3. Tap “Find Out Your Desired Amount,” enter an amount between KGS 15,000 and KGS 200,000, and submit your application.

4. Fill in the required fields, request a verification code, and accept the offer terms.

5. Enter the code received via SMS. Your application will be submitted for review.

6. Once approved, you will receive a push notification with the financing terms.

7. Review the terms, tap “Open,” and follow the instructions in the app.

8. You will receive a notification once your financing facility has been activated.

9. Select coal from a Kyrgyz Komur partner, scan the partner's QR code, and specify the installment period and repayment date.

10. Tap “Submit Application” and confirm your purchase.

Where can you buy coal?

Coal can be purchased in installments at the following Kyrgyz Komur partner sales locations:

• Individual Entrepreneur Nurmanbetov B.K. – 283A Krupskaya Street, Novopavlovka village.

• Individual Entrepreneur Zhunushaliev I.T. – 67A Murmanskaya Street.

• Individual Entrepreneur Babyshov M.M. – Kara-Zhygach residential area, at the intersection of Oberon and Sary-Ozon streets.

• Individual Entrepreneur Akkulakov B.Zh. – Kok-Zhar village, Karagul-Akmat / 7 April Street (former oil depot).

• Individual Entrepreneur Zheenbekov N.Zh. – 81/4 Zhantaev Street, Tokmok.

• Individual Entrepreneur Momunbaev Zh.K. – 248A Vostochnaya Street, Leninskoe village.

• Individual Entrepreneur Orozov R.O. – 1B Zapadnaya Street, Novonikolaevka village.

• Individual Entrepreneur Miynekeev A.B. – 99 Oktyabrskaya Street, Poltavka village.

If you own a fuel depot and would like to sell coal in installments through MIslamic, you can become a partner in this project.

Open MIslamic in the MBANK app, apply for online financing, and purchase coal from Kyrgyz Komur in installments. Stay warm throughout the heating season!

MIslamic – Islamic Digital Banking.

NB KR License No. 014/1.