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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


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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.

Russia plans to build up to eight new nuclear reactors in Iran

25.05.2014

Russia plans to sign a contract with Iran this year to build two more nuclear reactors at its Bushehr power plant as part of a broader deal for up to eight reactors in the Islamic state, a source close to the negotiations told Reuters on Thursday.
Russia plans to build up to eight new nuclear reactors in Iran

Russia plans to sign a contract with Iran this year to build two more nuclear reactors at its Bushehr power plant as part of a broader deal for up to eight reactors in the Islamic state, a source close to the negotiations told Reuters on Thursday.

 

It was not immediately clear how this might affect six global powers' talks with Iran addressing disputed aspects of its nuclear programme. Iran has resisted demands for cuts in its uranium enrichment capacity, pointing to plans for a future network of nuclear power stations.

 

Western powers want any lasting agreement with Iran to put to rest suspicions that it could develop nuclear weapons-making ability through enrichment. Iran denies any such intent.

 

The talks ended last week with little progress; they are to resume in Vienna in June.

 

Russia, one of the six powers, built Iran's only operating nuclear power reactor, at Bushehr.

 

"Russia and Iran may sign an intergovernmental agreement this year on building from four to eight nuclear reactors, and, under the deal, the contract for the construction of the first two reactors as additions to Bushehr," the source said.

 

Russian state nuclear corporation Rosatom said earlier it was in talks with Iran on the potential construction of more reactors there but revealed no details. Rosatom officials could not immediately be reached for comment on Thursday.

 

Longstanding Western fears that the Bushehr project could yield spent fuel of use in nuclear weapons - something it denies it is seeking to do - receded after Iran promised to send the material back to Russia.

 

Moscow voted for four rounds of U.N. Security Council sanctions against Iran over its contested nuclear activity but has sharply criticised additional measures imposed by the United States and European Union, calling them a hindrance to diplomacy in search of a permanent settlement with Tehran.

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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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