ASTANA, Kazakhstan, May 26. Kazakhstan continues to remain an active shareholder of the Islamic Development Bank (IsDB), reaffirming its commitment to Islamic finance as an important element of sustainable development, Trend reports via IsDB.
According to Appendix 6A of the IsDB annual report, as of
December 31, 2024:
Kazakhstan owns 5,991 shares, equivalent to 59.91 million Islamic
Dinars (ID) in the bank’s authorized capital.
This represents 0.10 percent of the total subscribed capital of the
IsDB.
Of this amount:
7.30 million ID has already been paid;
0.84 million ID is overdue or in deficit;
7.52 million ID is payable in the future (commitments not yet due).
Although Kazakhstan’s share is relatively modest compared to the largest shareholders, such as Saudi Arabia (22.5 percent), Libya (9.03 percent), or Indonesia (7.94 percent), the country’s participation in the capital confirms its status as a full-fledged and long-term partner within the Islamic world.
Moreover, together with data on the largest investment approvals in 2024 (934.6 million ID, Appendix 8A), Kazakhstan demonstrates a strategic and comprehensive approach to cooperation with IsDB institutions, both as a recipient and as a shareholder.
Experts note that further increasing its share in the IsDB capital could become for Kazakhstan not only a financial instrument but also a lever of political and economic influence in the Islamic world and on the global stage of sustainable development.
The Islamic Dinar is the unit of account of the Islamic Development Bank (IsDB). It is used to evaluate the value of shares and the bank’s authorized capital and is not a real currency like the Kazakhstani tenge or the US dollar.
The name "dinar" originates from a historical Islamic coin - the gold dinar - that was widely used in the early centuries of the Islamic world. The modern “Islamic Dinar” of the IsDB is simply an accounting unit and does not have a physical form such as a banknote or coin.
