Islamic finance company entering Kazakhstan’s market
BAKU, Azerbaijan, Sept. 11
By Nargiz Sadikhova – Trend:
The US Wahed Invest fintech startup, which operates in the Islamic financial sector, plans to enter the Kazakh market till late 2020, Erkin Nurbekov, representative of Wahed Invest in the CIS, told Trend on Sept. 11.
“The company is interested in development on the Kazakh market because Kazakhstan has a special legal and tax regime based on the Astana International Financial Center (AIFC),” Nurbekov added.
"We plan to start to actively develop by the end of 2020,” the representative of Wahed Invest added. “We have already received a license as a fintech company dealing with investment management in AIFC. We plan to continue to actively offer our services to everyone."
"Besides Kazakhstan, we are also considering the potential markets of all Central Asian countries," Nurbekov said. “The launch of the company's activity in Kazakhstan was postponed because of coronavirus pandemic.”
“However, today we are actively working on the full launch of our application till late 2020,” the representative of Wahed Invest said.
Wahed Invest is the US financial technology and services company based in New York. The company launched the first exchange-traded fund in the US in July 2019. Wahed operates in 130 countries and has offices in Washington, New York, London, and Dubai.
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