Loading…Loading…Loading…Loading…Country guide · OIC member state
Turkmenistan, a gas-rich, mostly Muslim country of Central Asia and an OIC member since 1992, is one of the main partners of the Islamic Development Bank in the region. The IsDB has financed projects in energy, healthcare, transport, telecommunications and trade, from ships built at the Turkmenbashi port to three cancer treatment hospitals.
Islamic finance in Turkmenistan works mainly through this development financing; the country has no Islamic banking law of its own yet. This guide lists the institutions behind each part, with their pages on Wasabih.
The Islamic development bank that finances projects in Turkmenistan.
Multilateral development bank fostering economic development and social progress of member countries in accordance with Islamic principles.
It finances projects in energy, healthcare, transport, telecommunications and trade, such as three cancer treatment hospitals (US$156.3 million) and a maritime transport project (US$90.15 million).
Turkmenistan has no dedicated Islamic banking law; Islamic finance there comes mainly through Islamic Development Bank Group financing.
Turkmenistan has no national Halal law; exporters should use certification bodies recognised by their buyers' countries.
Natural gas. Turkmenistan has some of the world's largest gas reserves, and Islamic development finance has supported energy projects as well as transport and health.
Turkmenistan has been a member state of the Organisation of Islamic Cooperation since 1992.
Part of the Halal economy in Turkmenistan?
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