MIslamic opened a financing department based on Islamic principles in the city of Naryn.
A new MIslamic financing department has opened in the city of Naryn, offering bank clients alternative financial instruments compliant with Sharia principles, such as Murabaha, Ijarah, Istisnaa, Mudaraba, banking cards, and more.
The opening of a dedicated financing department marks an important milestone in the development of Islamic finance in the Naryn region, aimed at improving the quality of provided services and expanding access to Sharia-compliant financial solutions for the local population.
Islamic finance is based on the following principles:
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Prohibition of riba (interest) – money cannot generate profit on its own; income is earned only through participation in real economic activity.
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Prohibition of gharar (uncertainty) – contracts must be transparent and clear, without ambiguous or hidden terms.
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Financing only Sharia-permissible activities and goods.
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Real economic basis of each transaction – Islamic financial services are always backed by a real asset (goods, real estate, vehicles, equipment) or a real service.
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Ethics and social responsibility – financing of alcohol, tobacco, and other harmful or prohibited industries is not allowed.
Residents of Naryn now have access to a full range of financial products:
• Consumer financing: purchase of household appliances, furniture, construction materials, etc.
• Business financing: increasing turnover, purchasing equipment, machinery, commercial real estate, and for investment purposes.
• Auto financing.
• Mortgage financing.
• Payment for medical, educational, travel, and other services, including Umrah trips.
• Deposit with returns up to 16% per annum.
• Bank cards.
Address: 47a Sagynbay Orozbak Street, Naryn
Working hours: Mon–Fri, 08:30–17:30. Lunch break: 12:00–13:00.
MIslamic – the first Islamic digital banking solution!
NBKR License No. 014/1