Islamic bank to be opened in Chechnya

Islamic bank to be opened in Chechnya

The head of Chechnya, Ramzan Kadyrov said today that the main topic during the talks with the leaders of the Mazcorp company, Hilal Rashid Helal Suhailom Almazroueem and Wael Saab, was the opening of an Islamic bank in Grozny. According to Kadyrov, an agreement on the beginning of the project was reached at the meeting.

According to Kadyrov's post on Instagram, the opening of an Islamic bank is very important for the republic because many facilities are being built in the republic with the help of capital from the United Arab Emirates, and the absence of such banks operating on the principles of Islamic finance is an obstacle for them.

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