Washington is hosting a seminar on the potential of Islamic banking in maintaining stability. The talks were organized by the presidium of the G20 and the IMF to exchange opinions on Islamic finances in inclusive growth, small and medium-size business, infrastructure and stability. The results and conclusions of an IMF report on the potential and problems of Islamic finances will be considered.
The talks will be attended by Min Zhu, deputy managing director of the International Monetary Fund, Zeti Akhtat Aziz, the head of the Central Bank of Malaysia, Ali Babacan, vice prime minister of Turkey, Ahmed Mohammed Ali Al-Madani, the President of the Islamic Development Bank, and Pierre Gramegna, the current minister of finances of Luxembourg.
Extraordinary and Plenipotentiary Ambassador Andrey Baklanov, deputy head of the Council of the Russian Diplomats Association, said that Russia was one of the first to propose viewing the Islamic financial system as an effective means for recovery of the financial and economic sector.
The Federation Council, State Duma and Russian regions, according to the diplomat, are trying to develop a complex of measures employ the instruments in Russia. Baklanov noted that experience of the UK, Arab, Asian and other countries was used, stressing on certain national traditions suiting the principles of Islamic banking.
The expert said that Russia will closely monitor the events in Washington. He added that special attention will be paid to preparations for a forum on Islamic banking that Kazan will host on June 16-17 this year.
Washington is hosting a seminar on the potential of Islamic banking in maintaining stability. The talks were organized by the presidium of the G20 and the IMF to exchange opinions on Islamic finances in inclusive growth, small and medium-size business, infrastructure and stability. The results and conclusions of an IMF report on the potential and problems of Islamic finances will be considered.The talks will be attended by Min Zhu, deputy managing director of the International Monetary Fund, Zeti Akhtat Aziz, the head of the Central Bank of Malaysia, Ali Babacan, vice prime minister of Turkey, Ahmed Mohammed Ali Al-Madani, the President of the Islamic Development Bank, and Pierre Gramegna, the current minister of finances of Luxembourg.Extraordinary and Plenipotentiary Ambassador Andrey Baklanov, deputy head of the Council of the Russian Diplomats Association, said that Russia was one of the first to propose viewing the Islamic financial system as an effective means for recovery of the financial and economic sector.The Federation Council, State Duma and Russian regions, according to the diplomat, are trying to develop a complex of measures employ the instruments in Russia. Baklanov noted that experience of the UK, Arab, Asian and other countries was used, stressing on certain national traditions suiting the principles of Islamic banking.The expert said that Russia will closely monitor the events in Washington. He added that special attention will be paid to preparations for a forum on Islamic banking that Kazan will host on June 16-17 this y![November 2025 in photos: New Year at GUM, the "City of Living Stories," and autumn scenes](https://en.vestikavkaza.ru/upload2/s400xfull/2025-12-02/1764706769692f49d1538777.83780174.webp "November 2025 in photos: New Year at GUM, the "City of Living Stories," and autumn scenes")
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