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30.01.2017

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


31.03.2016

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


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Azerbaijan looks to new Islamic bank as sector rules progress


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


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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.

KazanSummit developes Islamic finance in Russia

17.08.2013

Increase of authorized capital of Euroasian Leasing Company (ELC) up to $10 million will be announced within the 5th International Еconomic Summit of Russia and OIC countries -KazanSummit 2013 in October.
KazanSummit developes Islamic finance in Russia
Increase of authorized capital of Euroasian Leasing Company (ELC) up to $10 million will be announced within the 5th International Еconomic Summit of Russia and OIC countries -KazanSummit 2013 in October.

ELK aims to facilitate a new leasing product in Russia – idjara (Islamic leasing), which is both Shariah-compliant and conformed to the Russian law. The founder of this company is Tatarstan International Investment Company, which is beholden to KazanSummit for its existence. The first KazanSummit resulted in signing the Memorandum of TIIC establishment in 2009. Investment and financial institutions from Yemen, Kuwait, Malaysia and Saudi Arabia are shareholders of TIIC.

Increase of authorized capital of ELC occurs as “RT-Invest” investment company is becoming a co-founder with the share fraction of 25%. Earlier “Ak Bars bank”, which had had an experience of working with Islamic finance products (murabaha), has announced about a stake in ELC with the share fraction of 10%.

All things considered, KazanSummit acts as a launch pad for Islamic finance development within the Republic of Tatarstan. Organizing Committee of KazanSummit 2013 invites representatives of finance and government institutions of Russian regions to take part in KazanSummit 2013. Participation in this event will let them learn more about Islamic finance opportunities and get acquaintance with success stories of colleagues from Tatarstan.

KazanSummit Press Service

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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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