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ISLAMIC FINANCE IS 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 had made vigorous efforts for Islamic financial instruments’ development in Russia, namely at Tatarstan Republic.

Islamic financial services are fast-growing sphere at global financial market, where representatives from traditional banking sector uses Islamic finances to look for new customers. Islamic financing is considered to be alternative for traditional banking system.

NEWS & EVENTS

Islamic Business and Finance Development Fund (IBFD Fund) and Edbiz Consulting Limited (Great Britain) has made an agreement of mutually beneficial co-operation at promotion and development of Islamic finances in Europe and Russia.

DECEMBER 4, 2014

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.

NOVEMBER 27, 2014