OJSC “Eldik Bank” and OJSC “State Insurance Organization” have concluded a cooperation agreement on the “Takaful” product

OJSC “Eldik Bank” and OJSC “State Insurance Organization” signed a cooperation agreement in the field of Islamic insurance. Within the framework of this partnership, citizens of our country will have the opportunity to obtain insurance under the Takaful system, which complies with Sharia principles and excludes elements of riba (interest), gharar (uncertainty), and maysir (gambling/speculative transactions).

Deputy Chairman of OJSC “State Insurance Organization” Baktygul Rysbekovich Abdyjaliev and Head of the Islamic Window of OJSC “Eldik Bank” Ester Kochoorbaevich Aymukambetov noted that cooperation within the Takaful product reflects the parties’ commitment to continuously expanding the range of ethical financial products and meeting the needs of clients interested in Islamic finance.

The parties plan to further develop their partnership by expanding the range of joint offerings to clients and strengthening their presence in the Islamic financial services segment.