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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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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.

The demands for Islamic finances in Russia are estimated to 60 billion roubles

06.06.2014

There are 20 million Muslims in Russian Federation and 2% of them are interested with Islamic banking.
The demands for Islamic finances in Russia are estimated to 60 billion roubles
That was stated by Iskander Iskhakov, Islamic economy research executive of Institute of Economics, Management and Law at International trade forum. Event has taken place within KazanSummit, VI International economic summit of Russia and the OIC countries. There are 20 million Muslims in Russian Federation and 2% of them are interested with Islamic banking. Most demanded products are housing and auto financing, small and medium enterprise financing. Mr. Iskhakov mentioned the difficulties which Islamic finances faces in Russia, these are the absence of regulatory basis, laws of drawing up deposits as profit and loss, taxation sphere, which makes it possible not to assess VAT for Islamic dealings, absence of Islamic finances infrastructure (stock market, insurance) and lack of skilled specialists and sharia experts.

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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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