Ijara Company Kyrgyzstan to unlock growth
in leasing sector with new Sharia Advisor
Ijara Company Kyrgyzstan (“ICK”), the Islamic leasing flagship of Kyrgyzstan, has hired global Sharia Advisory firm Shariyah Review Bureau (“SRB”) to manage its Sharia certification and Sharia supervisory structure in line with international practices.
ICK offers its customers leasing facility (Ijara Muntahia Bitamlik). As an IDB funded company, ICK is supported by ICD’s more than 30 year history as the trusted leasing company to deliver services for SME financing support in Kyrgyzstan. Ulan Satyvaldiev, Chief Executive, commented, “ICK is a growing leader of the Kyrgyzstan’s leasing and financing market since 2015. To continue this growth, we have decided to invest in our Sharia compliance infrastructure by hiring Shariyah Review Bureau.” “We keenly look forward to bringing their Sharia advisory expertise and Sharia audit capabilities to our market on a managed basis. We will be leveraging on their proficiencies, which allows for dynamic and rapid certification deployment so as to effectively support our new products and risings client demands.”...Keep Reading