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        <link:definition>9952170 - Disclosure - INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES</link:definition>
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        <link:definition>9952171 - Disclosure - FEE AND COMMISSION INCOME AND EXPENSE</link:definition>
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        <link:definition>9952173 - Disclosure - NET INTEREST INCOME/EXPENSE</link:definition>
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  <xs:element id="frhc_InvestmentIncomeInterestIncomeOnMarginLoansToCustomers" abstract="false" name="InvestmentIncomeInterestIncomeOnMarginLoansToCustomers" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_BrokerageSegmentMember" abstract="true" name="BrokerageSegmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_BankingSegmentMember" abstract="true" name="BankingSegmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_InsuranceSegmentMember" abstract="true" name="InsuranceSegmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="frhc_ShortTermDepositsInCommercialBanksMember" abstract="true" name="ShortTermDepositsInCommercialBanksMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_ShortTermDepositsInNationalBankKazakhstanMember" abstract="true" name="ShortTermDepositsInNationalBankKazakhstanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="frhc_PettyCashInBankVaultAndOnHandMember" abstract="false" name="PettyCashInBankVaultAndOnHandMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_OvernightDepositsMember" abstract="true" name="OvernightDepositsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_CashInTransitMember" abstract="true" name="CashInTransitMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_ShortTermDepositsOnBrokerageAccountsMember" abstract="true" name="ShortTermDepositsOnBrokerageAccountsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_ShortTermDepositsInNationalBankTajikistanMember" abstract="true" name="ShortTermDepositsInNationalBankTajikistanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_ShortTermDepositInStockExchangesMember" abstract="true" name="ShortTermDepositInStockExchangesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_CurrentAccountWithCentralDepositoryKazakhstanMember" abstract="true" name="CurrentAccountWithCentralDepositoryKazakhstanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="frhc_CashAndCashEquivalentsAllowanceForCreditLoss" abstract="false" name="CashAndCashEquivalentsAllowanceForCreditLoss" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="frhc_CorporateDebtMember" abstract="true" name="CorporateDebtMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="frhc_RemainingContractualMaturityUpTo30Days" abstract="false" name="RemainingContractualMaturityUpTo30Days" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="frhc_InterestReceivableAccruedOnSecuritiesPurchasedUnderReverseRepurchaseAgreements" abstract="false" name="InterestReceivableAccruedOnSecuritiesPurchasedUnderReverseRepurchaseAgreements" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="frhc_ExchangeTradedNotesAndFundsMember" abstract="true" name="ExchangeTradedNotesAndFundsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="frhc_MinistryOfFinanceOfTheRepublicOfKazakhstanMember" abstract="true" name="MinistryOfFinanceOfTheRepublicOfKazakhstanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="frhc_NumberOfCustomersWithAMarginLendingBalanceExceedingTenPercent" abstract="false" name="NumberOfCustomersWithAMarginLendingBalanceExceedingTenPercent" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
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  <xs:element id="frhc_FinancingReceivableExcludingAccruedInterestPercentageOfMaximumDownPayment" abstract="false" name="FinancingReceivableExcludingAccruedInterestPercentageOfMaximumDownPayment" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
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  <xs:element id="frhc_PayablesToSuppliersOfGoodsAndServicesMember" abstract="true" name="PayablesToSuppliersOfGoodsAndServicesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="frhc_AccruedInterestMember" abstract="true" name="AccruedInterestMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_DebtInstrumentInterestRatePeriod" abstract="false" name="DebtInstrumentInterestRatePeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="frhc_DebtInstrumentInterestRateCouponPercentage" abstract="false" name="DebtInstrumentInterestRateCouponPercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="frhc_DebtInstrumentRedemptionThresholdPeriodForEarlyRedemption" abstract="false" name="DebtInstrumentRedemptionThresholdPeriodForEarlyRedemption" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="frhc_DebtInstrumentRedemptionThresholdPeriodForCallOptionHeld" abstract="false" name="DebtInstrumentRedemptionThresholdPeriodForCallOptionHeld" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="frhc_ClaimsReceivableFromReinsuranceMember" abstract="true" name="ClaimsReceivableFromReinsuranceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_AmountsDueFromReinsuredMember" abstract="true" name="AmountsDueFromReinsuredMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_AmountsDueFromPolicyholdersMember" abstract="true" name="AmountsDueFromPolicyholdersMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_AdvancesPaidForReinsuranceMember" abstract="true" name="AdvancesPaidForReinsuranceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_InsuranceAndReinsuranceReceivableGross" abstract="false" name="InsuranceAndReinsuranceReceivableGross" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_InsuranceAndReinsuranceReceivableAllowanceForCreditLosses" abstract="false" name="InsuranceAndReinsuranceReceivableAllowanceForCreditLosses" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_InsuranceAndReinsuranceReceivableNet" abstract="false" name="InsuranceAndReinsuranceReceivableNet" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_UnearnedPremiumReserveReinsurersShare" abstract="false" name="UnearnedPremiumReserveReinsurersShare" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_ReservesForClaimsAndClaimsAdjustmentExpensesReinsurersShare" abstract="false" name="ReservesForClaimsAndClaimsAdjustmentExpensesReinsurersShare" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_InsuranceAndReinsurancePayableTable" abstract="true" name="InsuranceAndReinsurancePayableTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="frhc_PayableTypeAxis" abstract="true" name="PayableTypeAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="frhc_PayableTypeDomain" abstract="true" name="PayableTypeDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_AmountsPayableToInsurersMember" abstract="true" name="AmountsPayableToInsurersMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_AmountsPayableToReinsuredMember" abstract="true" name="AmountsPayableToReinsuredMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_AmountsPayableToAgentsAndBrokersMember" abstract="true" name="AmountsPayableToAgentsAndBrokersMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_InsuranceAndReinsurancePayableLineItems" abstract="true" name="InsuranceAndReinsurancePayableLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="frhc_InsuranceAndReinsurancePayables" abstract="false" name="InsuranceAndReinsurancePayables" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_PriorYearClaimsAndClaimsAdjustmentExpenseExcludingDiscountAndAmortizationOfDeferredGain" abstract="false" name="PriorYearClaimsAndClaimsAdjustmentExpenseExcludingDiscountAndAmortizationOfDeferredGain" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_OtherChangesAbstract" abstract="true" name="OtherChangesAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="frhc_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOtherChanges" abstract="false" name="LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseOtherChanges" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_CustomerLoyaltyProgramCashBackIncentiveAmountNettedDuringPeriod" abstract="false" name="CustomerLoyaltyProgramCashBackIncentiveAmountNettedDuringPeriod" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_BrokerageServicesIncome" abstract="false" name="BrokerageServicesIncome" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_AgencyFeeIncome" abstract="false" name="AgencyFeeIncome" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_UnderwritingAndMarketMakingServices" abstract="false" name="UnderwritingAndMarketMakingServices" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_BankServicesIncome" abstract="false" name="BankServicesIncome" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_OtherFeeAndCommissionIncome" abstract="false" name="OtherFeeAndCommissionIncome" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_AgencyFeesExpense" abstract="false" name="AgencyFeesExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_BrokerageServicesExpenses" abstract="false" name="BrokerageServicesExpenses" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_BankServicesExpense" abstract="false" name="BankServicesExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_ExchangeServicesExpense" abstract="false" name="ExchangeServicesExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_CentralDepositoryServicesExpense" abstract="false" name="CentralDepositoryServicesExpense" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_OtherCommissionExpenses" abstract="false" name="OtherCommissionExpenses" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_InvestmentIncomeInterestIncomeOnLoanToCustomers" abstract="false" name="InvestmentIncomeInterestIncomeOnLoanToCustomers" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_InterestIncomeOnReverseRepurchaseAgreementsAndAmountsDueFromBanks" abstract="false" name="InterestIncomeOnReverseRepurchaseAgreementsAndAmountsDueFromBanks" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_InvestmentExpenseInterestExpenseOnSecuritiesRepurchaseAgreementObligations" abstract="false" name="InvestmentExpenseInterestExpenseOnSecuritiesRepurchaseAgreementObligations" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_InterestExpenseDebtSecuritiesIssued" abstract="false" name="InterestExpenseDebtSecuritiesIssued" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_InterestExpenseMarginLendingPayable" abstract="false" name="InterestExpenseMarginLendingPayable" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_InterestExpenseOnLoansReceived" abstract="false" name="InterestExpenseOnLoansReceived" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_RealizedLossGainOnDerivatives" abstract="false" name="RealizedLossGainOnDerivatives" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_TurlovFamilyOfficeSecuritesLTDMember" abstract="true" name="TurlovFamilyOfficeSecuritesLTDMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_PCITSCentralSecuritiesDepositoryLimitedMember" abstract="true" name="PCITSCentralSecuritiesDepositoryLimitedMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_FFINCreditMember" abstract="true" name="FFINCreditMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_KazakhstanChessFederationMember" abstract="true" name="KazakhstanChessFederationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_FreedomYouthFootballLeagueOfKazakhstanMember" abstract="true" name="FreedomYouthFootballLeagueOfKazakhstanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_TimurTurlovMember" abstract="true" name="TimurTurlovMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_BankDepositsMember" abstract="true" name="BankDepositsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_InsuranceLiabilitiesMember" abstract="true" name="InsuranceLiabilitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_PreparationServicesForEventsMember" abstract="true" name="PreparationServicesForEventsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_TurlovPrivateHoldingMember" abstract="true" name="TurlovPrivateHoldingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_OtherAssetsPercentageOfPrepaymentsOnFutureAcquisitions" abstract="false" name="OtherAssetsPercentageOfPrepaymentsOnFutureAcquisitions" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="frhc_CustomerLiabilitiesPercentageOfBankDeposits" abstract="false" name="CustomerLiabilitiesPercentageOfBankDeposits" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="frhc_LiabilitiesPercentageOfInsuranceActivity" abstract="false" name="LiabilitiesPercentageOfInsuranceActivity" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="frhc_InsurancePremiumsEarnedNetOfReinsurance" abstract="false" name="InsurancePremiumsEarnedNetOfReinsurance" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_UnrecognizedCompensationCost" abstract="false" name="UnrecognizedCompensationCost" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_UnrecognizedCompensationCostWeightedAverageRecognitionPeriod" abstract="false" name="UnrecognizedCompensationCostWeightedAverageRecognitionPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="frhc_MonteCarloValuationModelMember" abstract="false" name="MonteCarloValuationModelMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueAmountRollForward" abstract="true" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueAmountRollForward" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="frhc_WeightedAverageFairValueBeginningBalance" abstract="false" name="WeightedAverageFairValueBeginningBalance" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_WeightedAverageExercisePriceGranted" abstract="false" name="WeightedAverageExercisePriceGranted" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_WeightedAverageExercisePriceVested" abstract="false" name="WeightedAverageExercisePriceVested" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_WeightedAverageExercisePriceForfeitedCancelledExpired" abstract="false" name="WeightedAverageExercisePriceForfeitedCancelledExpired" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_WeightedAverageFairValueEndingBalance" abstract="false" name="WeightedAverageFairValueEndingBalance" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsMarginLendingBrokerageAndOtherReceivablesNet" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsMarginLendingBrokerageAndOtherReceivablesNet" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentIncomeTaxAsset" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentIncomeTaxAsset" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAssets" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherAssets" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesMarginLendingAndTradePayables" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesMarginLendingAndTradePayables" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherLiabilities" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherLiabilities" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_EinrideArbitrationCaseMember" abstract="true" name="EinrideArbitrationCaseMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_LossContingencyUnsubscribedConvertibleDebt" abstract="false" name="LossContingencyUnsubscribedConvertibleDebt" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_UnfundedCommitmentsUnderLinesOfCredit" abstract="false" name="UnfundedCommitmentsUnderLinesOfCredit" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_BankGuarantees" abstract="false" name="BankGuarantees" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_LendingRelatedCommitmentsOutstanding" abstract="false" name="LendingRelatedCommitmentsOutstanding" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_OtherCountriesMember" abstract="true" name="OtherCountriesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_RestrictedEquityTable" abstract="true" name="RestrictedEquityTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="frhc_RestrictedEquityLineItems" abstract="true" name="RestrictedEquityLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="frhc_NumberOfInsuranceSubsidiaries" abstract="false" name="NumberOfInsuranceSubsidiaries" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="frhc_FreedomHoldingCorp.Member" abstract="true" name="FreedomHoldingCorp.Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_FreedomFinanceEuropeLimitedFreedomEUMember" abstract="true" name="FreedomFinanceEuropeLimitedFreedomEUMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_BankFreedomFinanceKazakhstanJSCFreedomBankKZMember" abstract="true" name="BankFreedomFinanceKazakhstanJSCFreedomBankKZMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_FreedomFinanceGlobalPLCFreedomGlobalMember" abstract="true" name="FreedomFinanceGlobalPLCFreedomGlobalMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_FreedomFinanceLifeJSCFreedomLifeMember" abstract="true" name="FreedomFinanceLifeJSCFreedomLifeMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_FreedomFinanceArmeniaLLCFreedomARMember" abstract="true" name="FreedomFinanceArmeniaLLCFreedomARMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_FreedomFinanceJSCFreedomKZMember" abstract="true" name="FreedomFinanceJSCFreedomKZMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_FreedomFinanceInsuranceJSCFreedomInsuranceMember" abstract="true" name="FreedomFinanceInsuranceJSCFreedomInsuranceMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_OtherRegulatedOperatingSubsidiariesMember" abstract="true" name="OtherRegulatedOperatingSubsidiariesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_BankingRegulationCapitalRetainedEarnings" abstract="false" name="BankingRegulationCapitalRetainedEarnings" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="frhc_WalletSolutionsMember" abstract="true" name="WalletSolutionsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_FreedomSPCBondsDue2028Member" abstract="true" name="FreedomSPCBondsDue2028Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="frhc_DebtInstrumentBondProgram" abstract="false" name="DebtInstrumentBondProgram" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
</xs:schema>
