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Ijara Company Kyrgyzstan

Kyrgyz 1435 / 2013
  • Mode Of Finance: Equity
  • ICD contribution: 2,000,000
Ijara Company Kyrgyzstan

Equity investment by ICD as sponsor for establishing a lease finance company in Kyrgyzstan geared toward providing small and medium sized enterprises Sharia compliant funding for capital equipment for growth. ICD thus is also creating its first channel in Kyrgyzstan. ICD sponsored the project as part of its mandate as a multilateral institution, and its strategy to develop Islamic finance and Islamic finance channels in member countries. ICD is thus aiming to provide capital to the private sector in member countries. ICD has sponsored the establishment of several Islamic financial institutions in its member countries, including banks, non-bank financial institutions and financial services companies.