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GCC VAT a test for Islamic Finance- Fitch


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


Path Solutions joins CIBAFI, the world renown General Council for Islamic Banks and Financial Institutions


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


Azerbaijan looks to new Islamic bank as sector rules progress


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


The 2nd International winter school of Islamic law and economics has started in Kazan


Russian financial experts are exploring options to launch Islamic Banking


Recent Comments


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.


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.


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 2015 will be held on June 15-16th


Welcome to the main economic interaction platform of Russia and OIC countries – KazanSummit 2015!
KazanSummit annually organized by IBFD Fund and supported by the Federation Council of the Russian Federation, Tatarstan government and the Association of the regional investment agencies of Russia is not just a unique but the major strategic event. Global significant issues that determine the direction to the development of the economic relations between Russia and countries of the Islamic world are in the agenda of this large-scale international event. Among the major issues actively discussed during the previous summits were international trade, smart cities construction, foreign investments and food security.

ISLAMIC FINANCE FOR CONSTRUCTIVE GLOBAL TRADE AND INVESTMENT is the main theme of the VII International economic summit of Russia and members countries of the Organisation of Islamic Cooperation (OIC) – KazanSummit 2015, which will be held on June 15-16th in the third capital city of Russia – Kazan. Islamic finance industry showing a high growth rate of the global financial sector acts as an economic tool for the development of trade, attraction of investment and effective collaboration between Russia and countries of the Islamic world.

The special observer status of OIC that the Russian Federation received in 2005 provides a fundamental base for the improving interrelations between Russia and OIC member countries. That step has created a political foundation for further cooperation development so proactive efforts are put together in order to economically fulfill the established relations. Hence KazanSummit, an effective and successful business mechanism, is the main platform for developing relations between Russian regions and OIC member countries that takes an economic cooperation to the international scene.

Over 7 successful years KazanSummit has got a worldwide recognition as a practical and important event. It results in signing numerous business agreements, great number of new business networking and effective implementation of investment projects.

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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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