The Law provides the legal framework for Islamic finance in the Republic of Tajikistam. It defines the Islamic banking activities, describes the procedure of establishment, state registration and liquidation of Islamic credit institutions, sets capital requirements, stipulates the rules regarding the management bodies of Islamic credit insitutions, provides for principles and rules of regulation of Islamic credit institutions, including prudential norms, rules on financial reporting, audit, confidentiality and rules on supervision and inspection of Islamic credit institutions by the National Bank of Tajikistan (central bank).