Department for the Regulation of Credit Organizations

Update date: 20 Jul 2026, 19:31

Phone: 71-212-73-03

Department tasks:

Ensuring the stability of the banking and financial system and protecting the interests of financial market participants, regulating the activities of credit organizations, and developing and improving the relevant regulatory and legal framework in line with international standards.

Department functions:

Developing and improving regulatory and legal acts governing the regulation and supervision of credit organizations' activities;
Developing and updating prudential norms and regulatory requirements for credit organizations in accordance with international standards;
Regulating and supervising Islamic finance services, and developing the regulatory and legal framework in this area;
Developing regulatory documents on accounting and financial reporting for credit organizations, taking into account IFRS requirements;
Developing recommendations and requirements for banks on managing climate-related financial risks;
Cooperating with international financial institutions, and participating in joint analyses, programs, and projects;
Submitting draft regulatory and legal acts to government bodies through the established procedure and participating in their discussions;
Improving the methodology for regulating and supervising Islamic finance activities based on international standards;
Developing accounting rules for Islamic finance operations, and participating in the introduction of liquidity management tools;
Enhancing the capacity of Central Bank and credit organization staff in the field of Islamic finance, organizing training programs and seminars, and participating in initiatives to promote financial literacy.