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Majilis approves Law on activity of Islamic banks

Business Materials 25 December 2008 12:03 (UTC +04:00)

Kazakh Majilis approved draft Law On amendments to some legislative acts of the Republic of Kazakhstan on organization and activity of the Islamic banks and organization of the Islamic financing at the second reading at a plenary session, Kazinform reported.

Amendments are directed on creation of a legal basis for Islamic banks functioning, barriers removal hindering their implementation, methods definition of the state regulation and control over Islamic banks activity and etc. Krol said up to 700 rescuers were at the scene sifting through the devastation, reported CA-NEWS.

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