One Type of Lending is Gaining Popularity in Kyrgyzstan

Владислав Вислоцкий Economy
VK X OK WhatsApp Telegram
According to data presented by the National Bank, the volume of financing based on Islamic principles in Kyrgyzstan has increased by an impressive 82.4% from December of last year to September 30 of this year.

In total, citizens received 16.5 billion soms in the form of loans that comply with Islamic norms.

The most notable growth is observed in consumer lending, which has increased by 148.2%, reaching 4 billion soms. Mortgage loans grew by 91.7%, amounting to 6.2 billion soms, while loans for other needs increased by 68.3%, reaching 1.7 billion soms.

Photo on the main page: Sputnik / Zhoomart Uraimov.
VK X OK WhatsApp Telegram

Read also:

Write a comment: