Management

IIF ISLAMIC INVESTMENT FUND

En Ru

Bazarbekov Duman Kalimbekovich

Founder and director of the foundation. Practicing lawyer, legal scholar with a Master of Science degree.

Education

2000–2004

Academy of Jurisprudence - Higher School of Law "Adilet"
Specialty "Lawyer", Almaty

2012–2014

Central Asian University,
Specialty: Finance, Almaty

2016–2018

Caspian Public University
Master of Oil and Gas Engineering – Dissertation Defense

MBA

SIIL (Switzerland)
International Business Management

Business and achievements

In 2018, he ranked 538th on the Dubai World Millionaires List among foreigners with a net worth of over $7 million.

He controls 81.82% of LaWell JSC in London (his son, Maksat Bazarbekov, owns the remaining 7.5%). As of January 1, 2026, his assets amounted to 3.6 billion tenge, with his equity capital amounting to 459 million tenge.

According to the Stock Market, in May 2023, LaWell JSC paid out 4.03 billion tenge in dividends, of which approximately 40.12 billion was attributable to Duman Bazarbekov, which, at the exchange rate on the payment start date, amounted to $90.67 million.

He owns 25% of the MAK Group corporation (an asset management company), with the remaining shares held by his sons in equal shares of 25% each. He owns a 15% stake in the light industry through Loft-Group in Kyrgyzstan. He is partnering with development companies in Georgia on the construction of the AMBASSODORI ISLAND BATUMI project, where he maintains his own office, MAK Group Batumi.

He is a co-owner of a Malaysian franchise in the medical services sector and a co-owner of a fast food chain in Uzbekistan. The group's Asian business region is part of the KAZAKH HOLDING holding company.

International investments

Duman Bazarbekov is the largest shareholder in Barwa Real Estate JSC in Qatar, holding a 36.4% stake through the Doha-based investment company Invest MAK Group LLP. He is the majority owner of QAZAQ PROPERTY INVEST,
a real estate brokerage firm in Dubai (UAE), where he has partners in RDS INVESTMENTS, a company specializing in trading, asset funding, and cryptocurrency trading. He also chairs the board of directors of TORGOVIY PRODUKT JSC , which operates the TORGOVIY PRODUKT and Next Capital retail chains in major cities across Kazakhstan.

Family and Continuity

Saule Bazarbekova Spouse

He is a lawyer, economist, and psychologist by education. He manages a trading company in Kazakhstan, owns the logistics company CARGOKZ, and is a co-founder of a beverage production complex in Azerbaijan.

Maksat Bazarbekov Eldest son

He graduated from London Primary School. Since 2012, he has been a shareholder in his father's group of companies. In October 2021, he became a co-owner of a transformation company in Doha, Qatar. Previously, he co-owned a zinc smelter in Taiwan for four years.

Amirbek Bazarbekov Middle son

Since his early years, he has been developing digital solutions for companies in the metallurgical, coal, and chemical industries. He holds the rank of "Master of Sports" in middleweight boxing.

Kazbek Bazarbekov Youngest son

He is receiving a Kazakh-American education. He plans to take over the management of his father's holding company in 10 years.