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.

Comments of Russian Experts on Foundation of Tatarstan International Investment Company (TIIC)

14.04.2010

The investment products, which are offered be Sharia-compliant investment companies, should meet special requirements. “According to Islam, stock market traders should not use credit funds to assess securities and bonds; they should not conduct call transactions and conclude forward or futures contracts. Share transactions with companies, which involve manufacturing, using or selling of food additives, alcohol, pork, prohibited by Islam, are also impossible”, Yuri Mintzev, CEO of the Investment company “Brokerkreditservice”, explained.
Comments of Russian Experts on Foundation of Tatarstan International Investment Company (TIIC)
The investment products, which are offered be Sharia-compliant investment companies, should meet special requirements. “According to Islam, stock market traders should not use credit funds to assess securities and bonds; they should not conduct call transactions and conclude forward or futures contracts. Share transactions with companies, which involve manufacturing, using or selling of food additives, alcohol, pork, prohibited by Islam, are also impossible”, Yuri Mintzev, CEO of the Investment company “Brokerkreditservice”, explained.

This is the reason why Muslim investors are invited to take part in equity participation. «When an investor gets a share in business and profit as an indemnity of his money usages”, quotes “Gazeta.ru”.

Experts claim, that such investment companies operate in the Middle East, in Europe (where they appeared ten or 15 years ago), but there had been no such companies in Russia before. «In our multiconfessional country, such services will be very popular. Niche products will be in huge demand, as they are alternative financial instruments”, claim the representatives of the Safinat Group. According to Andrei Sapunov, the senior investment adviser of the “Finam” investment company, the TIIC may be interesting for more than 20,000,000 of Russian Muslims, and for the Islamic world.

Islamic-Finance.ru based on materials of IslamNews.ru

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