The Islamic Finance News Forum (IFN) CIS, organized by the "Astana" International Financial Center (AIFC) in partnership with REDmoney Group, was held in Astana, capital city of Kazakhstan, yesterday.
The key objective of the forum is to stimulate the development of Islamic finance in the CIS countries and explore investment opportunities in the region, as well as to provide participants with the opportunity to establish contacts and partnerships.
During the session "Clearing the Roadblocks to Mainstream Islamic Finance in the CIS", the participants of the discussion presented their proposals aimed at increasing Islamic financing in the region. The ways Islamic finance can contribute to the development of regional resources in oil and gas, energy, agriculture and the Halal industry."
The Regional Financial Regulators Meeting was also held during the forum, where the participants considered the development of the legal and regulatory framework.
In addition, Emirates NBD, Norton Rose Fulbright and Nasdaq Dubai were hosting the workshop "Sukuk - An Alternative Asset Class" in partnership with Astana International Financial Centre to cover key features and aspects of Sukuk and the Sukuk market.
One of the goals of the AIFC is the establishment of a regional centre for Islamic finance, the creation of favourable conditions for the functioning and development of Islamic financial institutions in Kazakhstan.
