A memorandum has been signed between the Export Credit Agency of Kazakhstan and Amal Finance House.
JSC "Export Credit Agency of Kazakhstan" (ECA) and Amal Finance House have signed a memorandum of cooperation. The signing took place in Kazan.
The document aims to promote the establishment and further development of mutually beneficial and long-term partnership between the parties in the field of non-resource goods and services export.
The financial instruments of both parties will be used to support joint projects, including those that comply with Halal standards.
"The Islamic financial system is resilient to various market fluctuations, as its fundamental principle is investment in real, tangible assets. Kazan-based Amal Finance House, as an investment fund, has a wide network of clients interested in importing Kazakhstani goods and services. We see great prospects in this area, as Halal-compliant financing is becoming increasingly in demand—not only in specific countries, but also globally—delivering tangible results," noted Renat Kaliyev, ECA Regional Director in Tatarstan.
It is worth noting that Amal Finance House, operating since 2010, invests exclusively in real sector enterprises that operate in accordance with Islamic principles.
