AIFC Signs MoU with IFPA to Attract Islamic Finance Investment into Kazahkstan’s Agri-food Projects

The Astana International Financial Centre (AIFC) has signed a Memorandum of Understanding (MoU) with the International Islamic Food Processing Association (IFPA) to promote Islamic finance investment into agri-food projects in Kazakhstan, according to a statement issued on the 3rd of July 2021.

Why it Matters?

The MoU defines the framework for future cooperation between AIFC and IFPA and will leverage strengths of the parties involved to support high-quality and sustainable development outcomes in agri-food projects in Kazakhstan with investments related to Islamic finance, Shariah structuring, Sukuk listing, investment funds and other Islamic investment instruments from Organization of Islamic Cooperation (OIC) countries’ markets. According t...