Article 108. The concept of voluntary reorganization of a bank in the form of conversion into an Islamic bank of the Law on Banks and Banking Activities in the Republic Kazakhstan
The voluntary reorganization of a bank in the form of conversion into an Islamic bank (hereinafter referred to as the bank's conversion into an Islamic bank) is understood as a set of measures aimed at transforming the bank's activities in order to obtain the status of an Islamic bank and conduct Islamic banking operations in accordance with the principles established by Article 35 of this Law.
The Law of the Republic of Kazakhstan dated January 16, 2026 No. 258-VIII SAM.
President
Republic of Kazakhstan
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