Kazakhstan and Bahrain plan to develop Islamic banking

Date: 09:20, 14-04-2014.

Astana. April 14. KazTAG - Kazakhstan and Bahrain agreed to intensify cooperation in terms of Islamic banking development.

"The parties agreed upon cooperation intensification in terms of creation of Islamic banking system in Kazakhstan taking in account the rich experience of Bahrain and Manama status as one of the biggest Islamic financing centers," reads the joint statement of Kazakhstani President and Bahrain's King.

As reported, Hamad bin Isa Al Khalifa, sheikh of Bahrain, is paying the first official visit to Kazakhstan on April 13-15.

The parties will discuss trade-economic, political, cultural-humanitarian, investment-industrial cooperation.

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