Photo: Tayyab co-founders Ivan Kamenski and Daniyar Uspanov. Photo supplied by Tayyab

Islamic Finance

Kazakhstan’s first digital Islamic bank rolls out services, eyes Turkey and Russia


Kazakhstan’s first digital Islamic bank recently launched, giving a boost to Shariah-compliant finance in the country’s growing Islamic economy.

Tayyab was officially released during Eid Al Adha towards the end of July, according to Ivan Kamenski, the start-up’s co-founder and chief business development officer.

The company has a partnership agreement with Bank RBK, a Kazakhstan-based conventional financial institution that allows Tayyab access to its banking license and infrastructure.   

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tags:

Digital banking