BAKU, Azerbaijan, October 5. The Eurasian
Development Bank (EDB) and Kazpost signed an agreement on
developing a pilot digital platform for Islamic financing during
the AI & Digital Bridge 2026 forum in Astana, with EDB providing a
$100,000 grant for the project.


This was announced by the EDB's press service.


The agreement was signed by EDB Deputy Chairman of the
Management Board Ruslan Dalenov and Kazpost Chairman of the
Management Board Bekezhan Zhakeev.


The grant will be provided from EDB’s Technical Assistance Fund
to develop a digital platform that will allow retail customers to
purchase goods online in installments through the Murabaha Islamic
financial product, using Kazpost’s international delivery service
Keruen.


The project envisages the development of the platform and the
methodology required to provide the Islamic financial product,
bringing the purchase of goods, financing and delivery together in
a single digital solution.


The launch of the platform is expected to expand Kazpost’s
financial services and create an additional digital channel for
access to Islamic financing for individuals and businesses.







“EDB consistently supports the development of modern financial
solutions that expand access to financing and create new
opportunities for businesses and people in the region. Together
with Kazpost, we are launching a pilot project that combines
digital technologies, Islamic financial instruments and the
extensive infrastructure of the national operator,” Dalenov
said.


Zhakeev said the project would help develop Kazpost’s digital
financial services and make access to Islamic financing more
convenient for individuals and businesses.


The project is being implemented in cooperation with the Islamic
Development Bank Group under a memorandum signed between EDB and
the Islamic Development Bank Institute in June 2024.


AI & Digital Bridge 2026 took place on October 1–3 at the EXPO
International Exhibition Center in Astana. Organized by the
Ministry of Artificial Intelligence and Digital Development of
Kazakhstan, Astana Hub, and the Astana city administration, the
forum has attracted more than 1,500 speakers from over 100
countries, 500+ investors, and 600+ startups.