Article 52-13. The concept of voluntary reorganization of a bank in the form of conversion into an Islamic Bank Chapter 4-2. 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 of 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 carry out activities in accordance with the requirements specified in Article 52-1 of this Law.
The Law of the Republic of Kazakhstan dated August 31, 1995 No. 2444.
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