Kazakhstan Ijara Company (KIC) is the first Sharia compliant leasing company in Kazakhstan has been founded in April 2013 as a partnership of ICD and by diverse group of international and local investors.
Registered Charter capital is $40 mln. and the initial paid up capital of the Ijara Company is $28 mln.
The company operates in the field of Islamic leasing and provides Ijara financing facilities to all sectors of the economy, especially to support the development of small and medium enterprises (SMEs) by providing alternative sources of Sharia compliant financing for their projects.
Along with the sustainable growth of economy in last decade and solid target to increase SMEs contribution in overall economy of Kazakhstan is the driven force for KIC to be part of the contributor by introducing Sharia compliant leasing products for Small and Medium size enterprises.