The Islamic Business and Finance Development Fund (IBFD Fund) of Russia is nominated for its outstanding contribution to the development of Islamic finance in Russia following the results of 2015.

CFI (Capital Finance International) is a print journal and online resource reporting on business, economics and finance. CFI provides news, analysis and commentary on the markets worldwide. It is headquartered in London, UK.

Besides expanding its news channel, the journal established its own award program, which is considered as one of the most prestigious award in the financial world. The special jury committee reviews the nominees around the world, which truly add value. CFI annually selects the great figures and companies globally, which have had contributed the most towards development and cooperation of economies, as well as to implementation of important international projects. The CFI award evaluates the best practices regardless winner’s location and inspires the others for further advancements.

The award winners list include PwC, HSBC, Emirates, Marks & Spencer, Commerzbank, Saudi Hollandi Bank, Bayer AG, Baker & McKenzie Limited, Ernst & Young LLC, Path Solutions, Mitsubishi Corporation, Emirates Islamic Bank, Morgan Stanley and Gulf Finance House.
“It is gratifying to know that our work conducted in the last few years, is attracting more and more interest globally.” – commented the president of IBFD Fund Linar Yakupov. “The acknowledgement from the leading financial experts of our efforts towards Islamic financial model development in the Russian Federation is very important for us.


For reference

The Islamic Business and Finance Development Fund (IBFD Fund) is the center of competence in Islamic Business and Finance of Russia and is working actively towards strengthening economic and financial relations between Russia and the countries in the South East Asia region and the Middle East. The Fund cooperates with international, regional and national organizations, research and educational institutions, market players in the following areas: provision of expertise in Islamic business and finance development projects in Russia and the CIS countries; implementation of Islamic financial institutions policies; organization of the leading economic events of Russia and OIC countries, which are meant to review investment and trade opportunities, as well as Islamic financial market securities – “sukuk”; development of educational programs and conduction of courses meant to increase awareness about Islamic banking, Islamic insurance, Islamic financial markets and financial instruments.

In 2015, IBFD Fund has received the prestigious award as the “Best Islamic Finance Advisory Russia 2015” from “Global Banking & Finance Review”.

IFN CIS & Russia Forum, the largest international Islamic finance forum, is scheduled to take place on 15th of March in Moscow. IBFD Fund in partnership with the leading international events organizer in the field of Islamic Finance, REDmoney Events, is the organizer of this event.