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07.02.2017

GCC VAT a test for Islamic Finance- Fitch


30.01.2017

Goldmoney adds Shariah-compliant methods to boost investment from Islamic markets


31.03.2016

Path Solutions joins CIBAFI, the world renown General Council for Islamic Banks and Financial Institutions


28.03.2016

"Kazakhstan Islamic Finance 2016: a new frontier for Islamic finance" country report


19.02.2016

Azerbaijan looks to new Islamic bank as sector rules progress


15.01.2016

Linar Yakupov received an award for his contribution to the development of Islamic finance industry in Russia


14.12.2015

The 2nd International winter school of Islamic law and economics has started in Kazan


09.12.2015

Russian financial experts are exploring options to launch Islamic Banking


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22.06.2016

Islamic banking will be most relevant to SME sector: Zafar Sareshwala

Interview with director and head of Islamic Corporation for Development's (ICD) India operations.

25.11.2015

Islamic Develop Bank calls for new Islamic microfinance structures

As the Shariah-compliant Islamic finance sector booms in the GCC region, the President of the Islamic Development Bank (IDB) Group, Dr. Ahmad Mohamed Ali, asked experts in the field to develop new Islamic microfinance structures.

14.09.2015

Dubai Silicon Oasis Authority and Thomson Reuters Reveal Key Findings of Digital Islamic Economy Report 2015

Dubai Silicon Oasis Authority (DSOA) and Thomson Reuters, with support from the Dubai Islamic Economy Development Centre (DIEDC) released the 'Digital Islamic Economy Report' for 2015, in collaboration with DinarStandard.

The IFC “Linova” is the first Russian member of the IIFM Board

06.04.2010

At the latest Board meeting of the International Islamic Financial Market (IIFM) the IFC “Linova”, established in 2006 and engaged in investment banking and Sharia compatible business consulting, became a member of the IIFM with observer status. This membership will help the Russian business community to take an active role in the promotion of the Islamic finance in the world, introduce Russian projects of this segment and collaborate with major Islamic financial institutions.
The IFC “Linova” is the first Russian member of the IIFM Board
At the latest Board meeting of the International Islamic Financial Market (IIFM) the IFC “Linova”, established in 2006 and engaged in investment banking and Sharia compatible business consulting, became a member of the IIFM with observer status. This membership will help the Russian business community to take an active role in the promotion of the Islamic finance in the world, introduce Russian projects of this segment and collaborate with major Islamic financial institutions.

Much work had been done by the IFC “Linova” before that: preparation and implementation of the first International Summit of Islamic Business and Finance in Russia, the establishment of the Russian Centre of Islamic Economics and Finance (at Russian Islamic University), the initiation of Tatarstan International Investment Company and non-profit Foundation for Development of Islamic business and finance, the development and release of the guideline to Islamic finance, the launch of the trial project of the Halal Industrial Park in Tatarstan, participation in business forums and a large methodical work on popularization and development of the Islamic Business and Finance in Russia. The IFC “Linova” is also a member of the Islamic Financial Services Board (IFSB).

Additional information:

IIFM Board – International Islamic Financial Market Board, with its headquarters in Bahrain, was founded with the collective efforts of Central Bank of Bahrain, Central Bank of Indonesia, Central Bank of Sudan, Labuan Offshore Financial Services Authority (Malaysia), Islamic Development Bank (Saudi Arabia) as a structural organization with the authority to participate in establishment, development and self-regulation of the Islamic Capital and Money Market. Its primary focus lies in the promotion and standardization of Islamic financial instruments, documentation, products, the development of the infrastructure, and the publication of the guidelines on stabilization of the Islamic Capital and Money Market.

Moreover, an important sphere of activity of the IIFM is the development of the Global primary and Islamic Capital market, short-term financial market, and the market of Islamic financial instruments. The IIFM also focuses on the enhancement of the cooperative framework among the members of the Islamic finance market and regulators of the Islamic Capital and Money Market and the creation of an environment that will encourage the members to actively participate in the market.

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Malaysia's fast-growing Islamic finance sector benefits not only the Muslim world but also non-Muslim countries, said former Prime Minister Tun Abdullah Ahmad Badawi.

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