AlHuda CIBE and AIFB Kazakhstan Forge Strategic Partnership in CIS Region

Almaty, Kazakhstan — The AlHuda Centre of Islamic Banking & Economics (CIBE) has signed a landmark partnership with the Association of Islamic Finance and Business (AIFB), Kazakhstan, marking a major step toward strengthening Islamic finance education, innovation, and financial inclusion across Kazakhstan and the wider CIS region.

Key Pillars of the Partnership

• Islamic Finance Education in Russian: AlHuda CIBE’s Distance Learning Programs in Islamic Banking & Finance will now be developed in Russian, making professional training more accessible to students and industry professionals.
• Capacity Building & Advisory Support: Both organizations will jointly deliver advisory services, consultancy, specialized trainings, workshops, and international conferences to enhance the Islamic finance ecosystem in the region.
• Promoting Innovation & Inclusion: The collaboration emphasizes capacity building, Shariah-compliant innovation, and inclusive financial solutions tailored to CIS markets.

Speaking at the signing ceremony, Mr. Zubair Mughal, CEO of AlHuda CIBE, emphasized the potential of Islamic finance in the CIS region:

“Islamic finance in the CIS region holds immense potential. With this partnership, we aim to nurture the next generation of Islamic finance professionals while deepening Shariah-compliant financial inclusion.”

Madina Tukulova, Chairperson of AIFB, highlighted the partnership’s transformative role:

“This collaboration will not only enhance professional education but also accelerate innovation and growth in Islamic financial markets across our region.”

This milestone agreement reflects a shared vision to build a robust, inclusive, and innovative Islamic finance ecosystem in Kazakhstan and neighboring CIS countries. By combining academic expertise with industry-driven initiatives, the partnership aims to position the region as an emerging hub for Shariah-compliant finance.

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