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Central Bank of Russia explores the subject of Islamic banking regulation

Elvira Nabiullina, the chairman of Central Bank of Russia, had stated about that in the Federation Council.
“Regarding to Islamic banking, special regulation were required by representatives of banks. We are dealing with this issue” – she mentioned.

Previously, Association of Russian […]


700 mln US dollars have been invested into economy of Kazakhstan for development of Islamic Banking

It has been announced by president of Kazakhstan, Nursultan Nazarbaev, at X World Islamic Economic Forum, which is taken place at UAE. Also he has won “Global leader of Islamic finances” award (Global Islamic Finance Awards-GIFA).

t has been announced by […]


Islamic finance is the new horizon for Russian business

Islamic finance industry, being new segment of financial services, rise for last decade to 15-20% annually.

Islamic Business and Finance Development Fund (IBFD Fund) had made vigorous efforts for Islamic financial instruments’ development in Russia, namely at Tatarstan Republic.

Islamic financial services […]