Eldik Bank’s Islamic Window and V Energy Sign Memorandum of Cooperation

Eldik Bank’s Islamic Window and V Energy Sign Memorandum of Cooperation to Offer Solar Panels Through Murabaha and Ijarah Financing Eldik Bank’s Islamic Window and V Energy have signed a Memorandum of Cooperation aimed at expanding access for individuals and businesses to modern renewable energy solutions.

Under the agreement, the parties will jointly implement projects for the supply, sale, and maintenance of solar panels and related equipment through installment financing based on the Islamic financial products Murabaha and Ijarah. This financing mechanism will enable customers to acquire environmentally friendly energy solutions under transparent terms that fully comply with Sharia principles.

The partnership creates new opportunities for the development of the green economy in the Kyrgyz Republic, promotes greater energy efficiency, and encourages the wider adoption of renewable energy sources. In addition, the initiative represents an important step in advancing the ESG agenda by integrating environmental, social, and governance principles into sustainable development efforts.

Eldik Bank noted that the development of sustainable finance is one of the bank’s strategic priorities. Previously, the bank became one of the first financial institutions in Central Asia to receive an international ESG rating, reaffirming its commitment to sustainable development and responsible financing.

The Memorandum of Cooperation with V Energy combines the strengths of Islamic finance and advanced energy technologies to deliver affordable, environmentally responsible energy solutions for individuals and entrepreneurs across Kyrgyzstan.

Both parties expressed confidence that the partnership will contribute to increasing the adoption of solar energy, reducing environmental impact, and supporting the achievement of the country’s sustainable development goals.