Fund for Financial Support of Agriculture finances rural residents via lending program Murabaha in excess of KZT3.0 bn

28.08.15 12:34
/KASE, August 28, 15/ – Fund for Financial Support of Agriculture JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE of the following: quote On the basis of Islamic principles of financing Fund for Financial Support of Agriculture JSC has provided villagers with KZT3 bn. In 2012 in Kazakhstan the retail Islamic finance project was first launched in the framework of the agreement between a subsidiary of KazAgro Holding – Fund for Financial Support of Agriculture JSC – and the Islamic Development Bank. unquote The full version of the press release is available on KASE website in Russian athttp://www.kase.kz/files/emitters/FAGR/fagr_other_doc_280815.pdf [2015-08-28]