Ailat founder discusses Islamic screening on KASE podcast episode nine
The ninth KAST episode features AIFB chair Madina Tukulova and Ailat founder Azat Otepbay. It covers sukuk, halal stock criteria and Islamic finance in Kazakhstan.

Key facts
- Azat Otepbay is the founder of Ailat, a project for Islamic screening of securities.
- Madina Tukulova chairs the Association of Islamic Finance and Business.
- KAST episode nine covers sukuk, halal stock criteria and Islamic finance in Kazakhstan.
- The episode lists Ailat's 5% and 30% screening criteria.
- Ailat's listed results cover more than 5,000 checked securities.
On 5 November 2026, the Kazakhstan Stock Exchange's KAST podcast published its ninth episode, titled "Исламские финансы в Казахстане: биткоин, акции, банки и инвестиции". The episode features Madina Tukulova, chair of the Association of Islamic Finance and Business (AIFB), and Azat Otepbay, a fintech entrepreneur and founder of Ailat.
The episode describes Ailat as a project for Islamic screening of securities. It covers sukuk and how they differ from ordinary bonds, the checks used to test securities for compliance with sharia norms, and the role Islamic finance can play in Kazakhstan's market.
The episode lists segments on the development of Islamic finance in Kazakhstan since 2009, the growth of Islamic banks and financial organizations, and the operation of an Islamic window in a conventional bank. Other listed topics include the criteria for halal stocks, Islamic ETFs, musharaka financing, Islamic installment and BNPL products, and bitcoin.
The episode lists Ailat segments on the project's history, its 5% and 30% screening criteria, its methodology, the use of artificial intelligence in securities analysis, and results covering more than 5,000 checked securities. It also lists a closing segment on Ailat's plans.
Source:KAST | Подкаст Казахстанской фондовой биржи, 05.11.2026
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