Baku hosts IX International Banking Forum
The IX International Banking Forum is being held in Baku today. The event runs under the motto “Reliable, Secure, and Sustainable Banking.”
Islamic banking
Dagestan Muftiate creates expert council on Islamic banking and business
It will deal with issues of Islamic banking and doing business in accordance with Sharia law
Sberbank islamic financing now available in North Caucasus
The first Islamic finance office was opened in the North Caucasus Federal District by Sberbank in the capital of Chechnya
Islamic Development to finance major projects in Uzbekistan
Uzbekistan's Ambassador Nodirjon Turghunov held a meeting with Director of the Operations Policy and Services Department at the Islamic Development Bank (IDB) Anasse Aissami. The parties discussed further accelerating cooperation …
Islamic banking may come to Moscow and number of other Russian regions
In Russia, Islamic banking may cover several other regions. It can be implemented in Moscow and St. Petersburg, regions of the North Caucasus Federal District, and in the Far North, Sberbank said.
Islamic deposit to become available to muslims in Russia
This year, Sberbank clients will be able to open an Islamic deposit
Sber to develop Islamic banking in Moscow
Sberbank will open Islamic finance offices in Moscow, Tatarstan, Bashkortostan, Dagestan, Chechnya and other regions of the North Caucasian Federal District. The Islamic banking experiment officially starts in Russia today.
Qatar to share Islamic banking experience with Russia
Qatar can share its experience with Russia in implementing Islamic banking. Among the regions where Islamic banking will be tested are Tatarstan, Bashkortostan, Dagestan and Chechnya.
Islamic banking introduced in Russia
Today, State Duma deputies approved in the third, final reading an Islamic banking experiment in Russia
Islamic banking in Uzbekistan has great future
There are great prospects for the development of Islamic banking in Uzbekistan, since most of the population is Muslim. This tool is able to attract up to $10 billion to Uzbekistan per year.
GCC banks adjust debt instruments
Interest rates in the Gulf have been rising quickly as central banks matched course with the US
Islamic banking may be introduced in Russia by late winter
Russian banks may start providing financial products based on the principles of Islamic banking as early as February 2023, Chairman of the State Duma Committee on the financial market Anatoly Aksakov told Izvestia. He stressed that the …
Bekhnam Gurbanzadeh: "We view Russia as a hub of entire post-Soviet space"
The first Russian Islamic economic forum "Russia - Guarantor of Partnership" will be held on February 27
Madina Kalimullina: "Islamic banking recognized in Russia"
Moscow Halal Expo international exhibition held in Russia's capital
IMF draws attention to developing Islamic Banking
Islamic Banking has a presence in 60 countries. The industry mushroomed to more than $1.5 trillion in assets last year from about $100 billion in the late 1990s. While it represents less than 2% of global banking assets, its share is …
Azerbaijan's Ministry of Economy to coordinate Islamic banking legislative framework
Azerbaijan's Ministry of Economy has become the coordinator of development of legal framework on Islamic banking. A source close to the Islamic Development Bank (IDB) informs that in accord with the letter agreement (signed on …
Iran contributing to Islamic banking system
Governor of the Central Bank of Iran (CBI) Valiollah Seif underlined that Iran has greatly helped to the development of the Islamic banking system by basing its financial activities on Sharia law model. "Iran has …
Islamic banking in Russia can be implemented ahead of schedule
The 'road map' for the implementation of the Islamic banking in Russia will be implemented before the appointed time, the Deputy chairman of the Bank of Russia Alexander Torshin said during the meeting of the …
Sberbank plans pilot deals under Islamic banking rules in autumn
Sberbank plans pilot deals under the rules of Islamic banking in autumn 2016 in the Republic of Tatarstan. "We have to make a commitment to executive several pilot transactions in autumn," the First Deputy Chairman of the …
Russia's first Islamic banking center opened in Kazan
Russia's first center of partnership (Islamic) banking was opened today in Kazan. It will operate in full compliance with the principles of partnership funding, which are widely used in many countries of Southeast Asia and the Middle …