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.

AAOIFI meets with representatives of Russian bankers association

01.10.2010

As part of its efforts to promote Islamic finance around the world, the Secretary General of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Dr. Mohamad Nedal Alchaar, together with representatives of the Ministry Finance, the Central Bank and the Grand Mufti of the Shura Council of Russian Muftis, has met in the Russian capital Moscow with the Russian Association of Experts in Islamic Finance.
AAOIFI meets with representatives of Russian bankers association
As part of its efforts to promote Islamic finance around the world, the Secretary General of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Dr. Mohamad Nedal Alchaar, together with representatives of the Ministry Finance, the Central Bank and the Grand Mufti of the Shura Council of Russian Muftis, has met in the Russian capital Moscow with the Russian Association of Experts in Islamic Finance.

The purpose of the meeting was to enhance the prospects of the development of Islamic financial institutions and products in Russia and the application of AAOIFI standards to regulate it.

On this occasion, AAOIFI Secretary General Dr. Mohamad Nedal Alchaar said:
"AAOIFI and the Shura Council of Russian Muftis had together organized a meeting with the said concerned parties during which the nature of AAOIFI standards and how to make them available to Russian financial institutions were discussed, as well as discussing the various aspects of cooperation between these parties and their counterparts in the Middle East."

Dr. Alchaar added that "AAOIFI had previously signed an agreement with the Shura Council of Russian Muftis on the translation of key AAOIFI Shari'a standards to the Russian language, including Sukuks, Murabaha, Islamic insurance, Ijarah, Mudharaba and Musharaka which helped the Russian financial institutions in their efforts to develop an Islamic finance industry there".

Dr. Alchaar also highlighted the importance of "establishing a suitable legal and regulatory environment to help accomodate and promote the Islamic financial industry in Russia, in the same way as some other countries such as Britain and Singapore have done (and also France which is currently considering ways to accommodate Islamic banking)", noting that the "Islamic Sukuks in particular have a promising market in the Russian economy."

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is an international autonomous not-for-profit organization whose role is to develop accounting, auditing, ethics, governance and Shari'a standards for Islamic financial institutions.

Source : Ameinfo

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, 2009-2025. Developed by Linova-MEDIA. Хостинг от uCoz. Design by WebRT