In 2009 and 2010, one survey found that 97 percent of people in Russia who were mainly Muslim or from an Islamic background were interested in using an Islamic bank. Of that 97 percent, 40 reside in Moscow. Though not formally allowed to be practiced i…
Aproximatly 100 investment projects worth 300 billion roubles have been introduced at the 4th International Summit in Kazan.
The organizers of the forum were the government of Tatarstan, the Islamic Business & Finance Development Foundation (IBFD) …
It is possible that the Commonwealth of Independent States will become the next frontier for Islamic finance. At this point, six Muslim republics of the former Soviet Union, Azerbaijan, Kazakhstan, Uzbekistan, Turkmenistan, Kirgizstan and Tajikistan ar…
The Second Annual Islamic Finance Forum will gather investors, borrowers and regulators in the same place to accomplish a better understanding of existing instruments of Islamic Finance and to find answers to problems encountered frequently in the cour…
India has little or no facilities for them to invest their money in a Sharia-compliant manner. The total size of 100 per cent Islamic funds registered for sale in India was only $3.1 million (Dh11.4 million) in March 2011.
But, actually, India is impor…
Gasprombank is building support for Sukuk but Russian legislation is missing. Executives from Gazprombank have been collecting interest in South East Asia. It seems that Alexander Kazakov, director of structured and syndicated finance at the bank, is c…
There is a possibility that the Islamic finance will launch this year in the Tatarstan republic in the form of sukuk.
Gazprombank has been researching and developing Islamic finance tools for several years. The Director of Gazprombank stated that Russi…
Tatarstan seems to be the first region in which Russia will launch an Islamic bond. The aim is to serve people that in the past were underserviced.
The experts say that Russia’s position is very good for attracting Islamic investing and the country is …
Jim O’Neill, chairman of the massive Goldman Sachs Asset Management arm, said he believed that the Arab world could emerge as the fifth Bric, joining the booming economies of Brazil, Russia, India and China.
Emerging markets fund manager Charlemagne Ca…
Jim O’Neill, chairman of the massive Goldman Sachs Asset Management arm, said he believed that the Arab world could emerge as the fifth Bric, joining the booming economies of Brazil, Russia, India and China.
Emerging markets fund manager Charlemagne Ca…
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