Sharia Council

To expertly manage securities and other investment instruments adhering to Islamic financing principles, a Sharia Council has been established at the exchange.

Members of the Council are:

Kokoev Akzhigit, Chairman of the Council

Attended International Islamic University “Jamia Darul Ulyum”, specializing in Dars Nizami (Master’s degree in Arabic and Sharia) with “Siha Sitta” accreditation, Karachi, Pakistan (2007-2014).
Pursued his studies in International Islamic University “Jamia Darul Ulyum”, focusing on Takhasus fil ifta (Fatwa issuance, mufti), Karachi, Pakistan. His dissertation was on “Islamic banking and finance” (2014-2016).
Studied at Kyrgyz-Uzbek University in the faculty of jurisprudence, specializing as a jurist (2017-2020).
Possesses experience in Shariah Councils of various financial institutions, including in a chairman capacity.

Junusbayeva Cholpon

Earned her higher education from Eastern University, Mahmud Kashgari-Barskani, graduating with honors in finance and credit with a qualification as an economist (2004-2009).
Completed postgraduate studies at the Institute of Economics, under acad. J. Alyshbaev of the National Academy of Sciences of the Kyrgyz Republic. She achieved her academic degree as a candidate of economic sciences focusing on economics and management of the national economy (2015-2019).
Serves as an Associate Professor at Kuwait International University.
Authored various articles and scientific research in the realm of Islamic finance.

Sultanova Baktygul

Attended American University of Central Asia, majoring in business and management (2017).
Holds a qualification certificate specializing in the organization of trading in the securities market (2020).
Secured a qualification certificate in depository activities in the securities market (2019).
Received training on Islamic Principles of Finance from the International Association for Partner Economics and Finance, focusing on the topic: “Prospects for the development of the securities market for sukuk and takaful (Islamic insurance) in Kyrgyzstan” (2021).