Homepage | About us | Advertise | Partners | Feedback Contacts | Русская версия Русский
Islamic-Finance.ru - Information and Analytics on Islamic Business and Finance in Russia Islamic-Finance.ru - Information and Analytics on Islamic Business and Finance in Russia Islamic-Finance.ru - Information and Analytics on Islamic Business and Finance in Russia

Latest News

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


IBFD Fund

Recent Comments

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.

Islamic bank representative: Russia is a prospective market for Islamic banking development

09.04.2010

The fact that there are no Islamic banks in Russia makes the Russian market attractive for Islamic finance. That is why the Islamic finance will certainly find its niche on the financial market in Russia. This opinion was expressed by Mr. Abdulrahman Shehab, Senior Vice President of the biggest international Islamic Bank of Al Baraka Banking Group.
Islamic bank representative: Russia is a prospective market for Islamic banking development
The fact that there are no Islamic banks in Russia makes the Russian market attractive for Islamic finance. That is why the Islamic finance will certainly find its niche on the financial market in Russia. This opinion was expressed by Mr. Abdulrahman Shehab, Senior Vice President of the biggest international Islamic Bank of Al Baraka Banking Group.

“Taking into consideration the high share of Muslim population, we think that Russia is a prospective market for Islamic banking operations”, said Mr. Shehab.

The main obstacle for Islamic finance development in Russia, according to Mr. Shehab, is the time needed for a banking license acquisition, which is two or three years. «This is a very long time period. Russian government should create legislative conditions to attract Islamic investors, as it was made in the United Kingdom, Singapore and some Arabic countries – Lebanon, Syria and others”, he mentioned.

«Islamic banks as any other financial organization are interested in good international business-projects. Russia is one of the perspective markets in this respect”, Mr. Shehab added. “Cooperation with Russia in many areas, including extraction and exploration of commercial minerals, can be helpful in establishing stable relationship between Islamic banks and Russia”.

When asked which area is more attractive for foreign investors in Russia, the Al Baraka representative answered: «Firstly, it is Islamic banking, secondly – exploration of natural resources».

Islamic-Finance.ru based on materials of IslamRF

Latest News

Editor's Column

Follow ISLAMIC-FINANCE on Twitter

Analytics

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.

News in RSS format

Islamic-Finance.RU in RSS format
© IBFD Fund, 2009-2017. Developed by Linova-MEDIA. Хостинг от uCoz. Design by WebRT