The Kazakhstani broker has separated Islamic securities into a dedicated section of its mobile app. A partner fintech company provides asset screening according to international standards.
A special category for investors observing religious principles has appeared in the Halyk Finance mobile app. Users can now build a portfolio of assets that have passed compliance checks with Islamic norms.
What happened
The broker gathered Sharia-compliant securities in a separate “Market” section. All suitable instruments received special labeling inside the app. Inbusiness.kz reports this, citing the company.
At launch, clients have access to more than 1,000 verified financial instruments.
How the screening works
The broker does not evaluate the assets itself. Its partner, licensed fintech company Ailat, which specializes in Sharia screening technologies, conducts the assessment.
The service analyzes issuers’ activities and financial metrics. The screening follows AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) standards. This ensures that shares of companies involved in sectors prohibited by Islam or with unacceptable debt levels do not enter an investor’s portfolio.
Country and market
Islamic finance remains one of the fastest-growing segments in the global market. The London Stock Exchange Group estimates the global volume of this market will reach $6.7 trillion by 2027.
Simplifying access to such instruments is a logical step for Kazakhstan’s retail market. Finteqstan previously wrote about how the complex language of trading terminals prevents Kazakhstanis from making their money work; introducing clear categories with ready-made screening lowers this entry barrier for a new audience.
Why it matters and what is next
Integrating automated screening allows brokers to attract capital from the audience segment that previously avoided the traditional stock market for religious reasons.
For the fintech market, this is an example of a successful B2B partnership: a large traditional player (Halyk Finance) did not develop a complex evaluation methodology from scratch but integrated a ready-made solution from a niche startup (Ailat).