Published
05/31/2026, 11:11The volume of Sharia-compliant financing in Kyrgyzstan continues to grow. As of March 31, it reached 21.6 billion KGS, an increase of 12.3% since the beginning of the year. At the end of 2025, this figure stood at 19.2 billion KGS.
Trade financing demonstrated the most rapid growth. Over three months, its volume increased by 94.2%—from 1.3 billion KGS to 2.5 billion KGS. In fact, banks and financial institutions nearly doubled the amount of funds allocated to support the trade sector through Islamic financial instruments.
The second driver of growth was consumer financing, which increased by 62.7% to reach 5.6 billion KGS. Today, it accounts for more than a quarter of the country’s total Islamic finance portfolio.
Significant growth was also recorded in industry and agriculture. Financing for the industrial sector grew by 24.2% to 500 million KGS, while financing for the agricultural sector increased by 20.1% to 2.5 billion KGS.
At the same time, mortgages remain the largest segment of Islamic finance. Despite an 8.5% decline since the beginning of the year, housing finance totaled 8.3 billion KGS, or about 38% of the total portfolio.
Construction financing also showed negative growth, declining by 0.4% to 800 million KGS, as did the “other purposes” category, which fell by 32.4% to 1.5 billion KGS.
