Table 4A capital conservation ratios: rows share boundary values ('to' / '≥') and 7.0% sits between '≥6.375% to 7.0%' and '>7%'

BBR Table 4A uses the bands "4.5% to 5.125%", "≥5.125% to 5.75%", "≥5.75% to 6.375%", "≥6.375% to 7.0%" and ">7%". If "to" includes the upper value, 5.125%, 5.75% and 6.375% fall in two rows; if it excludes it, as the "≥" signs suggest, exactly 7.0% falls in no row (rule 4.32(1) then limits the restriction to a buffer below the minimum). At exactly 5.125% the table (row 2, 80% conservation) and the BPG Chapter 4 guidance, paragraph 11(a) ("less than or equal to 5.125%", 100%), give different results. IBB Table 5.1 uses "X% or more but less than Y%" and "≥7%".

Proposed correction

Please write the bands as "X% or more but less than Y%" and the last row as "≥7%" (as in IBB Table 5.1), and align BPG paragraph 11.

Jurisdiction

Kazakhstan — AIFC

Act

AIFC Banking Business Prudential Rules (BBR), V6

Place

BBR Table 4A row 1, p.31

Record

Discrepancy

Class

Text of the act

Where it arose

The text of the act

Arxo's conclusion

Confirmed

Official text

Unchanged at last check

Last checked

2026-10-24

Evidence

Contradiction within the text. Quotations are verbatim from the official material; translations are ours and marked.

4.5% to 5.125%

≥5.125% to 5.75%

≥6.375% to 7.0%

>7%

Capital conservation ratio is the percentage of earnings that a Bank must not distribute if its CET 1 capital ratio falls within the corresponding ratio in column 2 of that table.

≥7%

If a firm’s CET 1 Capital ratio is 4.5% or more but less than 5.125%, an Islamic Bank needs to conserve 100% of its earnings.

If a Bank’s CET 1 Capital ratio is 4.5% or more but less than or equal to 5.125%, the Bank needs to conserve 100% of its earnings.

If a Bank’s capital conservation buffer falls below the required minimum, the Bank must immediately conserve its capital by restricting its distributions.

How to check it without Arxo's tools

1. Open AIFC Banking Prudential Rules_V6 (with amendments as of 13 April 2025, which commence on 13 October 2025) and find BBR Table 4A row 1, p.31; BBR Table 4A row 2; BBR Table 4A row 4; BBR Table 4A row 5; BBR 4.32(2); BBR 4.32(1), p.30. Compare the text with the quotation above. A copy is kept in this register: 6384caa7b1938818-bbr_v6_13.10.2025_ma.pdf (SHA-256 6384caa7b19388180b780ec19044e1261cae3021c63c670f14ceb35285107022, copy of the official file).
2. Open AIFC Islamic Banking Business Prudential Rules and find IBB Table 5.1 row 5 (sister rule); IBB 5.3 guidance (i). Compare the text with the quotation above. A copy is kept in this register: e8b3c15b1ff574fd-aifc-islamic-banking-business-prudential-rules.pdf (SHA-256 e8b3c15b1ff574fd59504ade7cc9e0488ed5fa6ecfdc7816e3dc603bf4caedeb, copy of the official file).
3. Open AIFC BANKING PRUDENTIAL GUIDELINE and find BPG Chapter 4, Section C, para 11(a), p.13. Compare the text with the quotation above. A copy is kept in this register: c0ab57e226481347-aifc-banking-prudential-guideline.pdf (SHA-256 c0ab57e226481347e28c09650f905debc948a442ad7b65fa2db2d196d0b22009, copy of the official file).
4. The finding holds if the quoted passages read as shown and the comparison gives the result stated at the top of this page. If it does not, write to us with the record ID.

How this finding was made

AI agents read the official texts, turned the provisions concerned into executable rules and ran the comparison; they also drafted this record. A person at Arxo checked the finding and approved the report before it was sent (2026-10-27).

Responsible institutions

• Astana Financial Services Authority (AFSA) — author of the AIFC Rules

Reported to

Responses

No response recorded.

Documents and reproduction

• AIFC Banking Prudential Rules_V6 (with amendments as of 13 April 2025, which commence on 13 October 2025)
• AIFC Islamic Banking Business Prudential Rules
• AIFC BANKING PRUDENTIAL GUIDELINE

History

1. 2026-10-24Confirmed by Arxo
2. 2026-10-27Entered in the register
3. 2026-10-27Reported to Astana Financial Services Authority (AFSA) (e-mail)

Cite this record

Arxo Law, Arxo Findings Register, ARXO-2026-0126, https://arxo.io/findings/ARXO-2026-0126/ (status as of 2026-10-24). Data: ARXO-2026-0126.json.