1 National Bank of Kyrgyzstan
2 Islamic Bank of Development
3 Amanbank
Trading
List of Islamic Banks in Kyrgyzstan
Published by Gbaf News
Posted on April 3, 2013
1 min read· Last updated: June 11, 2018
Key Takeaways
- Eco‑IslamikBank is the only fully Sharia‑compliant commercial bank in Kyrgyzstan with nationwide presence.
- MBANK offers Islamic finance services via its MIslamic digital window, including Murabaha, Mudaraba, Istisnaa.
- Bakai Bank’s Islamic Financial Center provides Islamic windows under conventional bank framework.
- Islamic finance in Kyrgyzstan doubled in 2025, reflecting growing demand.
- The National Bank of Kyrgyzstan actively expands and regulates Islamic operations across banks.
References
Frequently Asked Questions
Which banks offer Islamic banking in Kyrgyzstan?
Eco‑IslamikBank offers full Sharia‑compliant services; MBANK and Bakai Bank offer Islamic windows such as MIslamic and IFC respectively.
What Islamic finance products are available?
Products include Murabaha financing, Mudaraba deposits, Istisnaa and parallel Istisnaa contracts and mobile Islamic banking services.
How fast is Islamic finance growing in Kyrgyzstan?
As of November 30, 2025, Islamic finance volume doubled year‑on‑year to 18.1 billion KGS.
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