Sharia-compliant consumer loans are breaking records. Growth of 60% since the beginning of the year

The volume of Islamic financing in Kyrgyzstan has increased by 41.1% since the beginning of the year, reaching 12.8 billion KGS. For comparison, at the end of 2024, this figure was 9 billion KGS. These figures indicate continued growth in interest in Islamic financial products among both businesses and individuals.

Growth is observed in virtually all sectors of the economy. Mortgages traditionally account for the largest share, at 4.5 billion KGS, which is 39.3% more than a year earlier. Significant growth was also recorded in the consumer finance segment, which increased by 60.2% to reach 2.6 billion KGS.

In other sectors, the dynamics are as follows:

• Industry — 400 million KGS (+7.8%);
• Agriculture — 1.8 billion KGS (+34.1%);
• Trade — 1.2 billion KGS (+25.9%);
• Construction — 700 million KGS (+33%);
• Other purposes — 1.6 billion KGS(+55.8%).

The steady growth in Islamic financing reflects the general trend towards diversification of financial instruments in the country, as well as growing demand for more flexible and transparent forms of financing that comply with Sharia principles.