About the Bank
Our Bank was founded on June 6, 1991 and is one of the five oldest banks in
Kazakhstan.
The main advantages of the Bank are the Bank’s high liquidity, availability of permanent
financially sustainable clients, business reputation, mounting confidence in the Bank,
individual approach to the client’s requests, flexibility to external environment changes
such as legislation, normative standards, technologies, etc.
Interesting Facts
The Islamic Finance sector remains the fastest growing in the global financial system:
Zaman-Bank was
established in
Annualy
increases by
More than
in 90 countries
Islamic financial institutions are about
Services and Tariffs
Current deposit “Mudaraba”
Mudaraba is a form of investment deposit, where the Depositor (Rabbul Mal) transfers its capital to the Bank which acts as a Manager (Mudarib) and invests the capital in investment projects with different risk levels.
Agency deposit “Wakala”
Wakala is an agency agreement, where the Client (Muwakkil) assigns the Bank (Wakil) to invest the Client’s funds, and the Bank makes all affords to gain profit by investing funds into any Sharia compliant business project as agreed by the parties. Muwakkil provides his funds to the Wakil’s fiduciary management. Wakala shall be maintained exclusively by Wakil within the liabilities specified in the investment agency deposit agreement.
