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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


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.

IBFD Fund has received the international Global Banking & Finance Review award

19.10.2015

Islamic Business & Finance Development Fund has won the award in the “Best Islamic Finance Advisory Russia 2015” category.
IBFD Fund has received the international Global Banking & Finance Review award
The official website of British financial internet portal – “Global Banking & Finance Review”, has published all nominees distinguished with the award. The portal is among the most visited specialized websites, and is visited by the president of banks and other financial institutions; by Central Banks and by individuals from over 200 countries worldwide. The portal has over 9 million unique visitors annually.

The purpose of the annual review conducted by the internet portal since 2011 is to form an objective opinion on the banking and finance news and events. The award highlights the highest achievements and advances in the financial world and marks the high-level financial organizations of different levels worldwide, which demonstrate special achievements, innovative solutions, strategies, progressive and prospective changes in their industry. The winners are determined based on unbiased and objective evaluation.

“It is gratifying to know that the work done by IBFD Fund is commended on the global financial markets and marked in the annual global rating of Global Banking & Finance Review, one of the leading international information analytical agency”, commented Linar Yakupov, the president of IBFD Fund. “We are glad to be acknowledged as the best Islamic finance advisory in Russia.

Islamic Business and Finance Development Fund is the center of competence in Islamic business and finance of Russia. It was founded on February 2, 2010. The decision to found the noncommercial organization was made in 2009 upon success of the first International economic summit of Russia and OIC countries (KazanSummit) to assist the development of economic and business relations between Russia and the OIC country-members by employing the mechanisms of Islamic business system. The goals of IBFD Fund are the following: to support the strategic projects in forming Islamic economic model, the development and the improvement of Islamic business and finance, as well as the Islamic business and financial infrastructure in Russian Federation and CIS countries.

International economic summit of Russia and OIC countries (KazanSummit) is the highest profile event organized from 2011 to 2015 by IBFD Fund. In 2011 and 2015, IBFD Fund organized KazanSukuk Conference – the main platform for entering the Islamic finance markets and the workshop for discussing Islamic sukuk securities market matters.

IBFD Fund works closely with international, regional and national organizations, educational and research institutes, as well as the market participants. The Fund had signed a number of cooperation agreements with the leading international financial companies on various Islamic finance development and promotion projects. IBFD Fund is the exclusive representative of Shariyah Review Bureau (SRB) in Russian Federation, which is one of the key players in Shariyah law, with the exclusive right to promote Shariyah expertise services to Russian and International companies, as well as to individuals within and outside Russia. The agreement between SRB and IBFD Fund was signed on August 2015.

IBFD Fund, within the Malaysian-Russian consortium, is currently preparing a feasibility study on launching an Islamic bank or banking window in Russia. The feasibility study results will be presented on December 9, 2015 in the major international Islamic finance event – IFN CIS & Russia Forum, which is organized by IBFD Fund and the leading international events organizer in the field of Islamic Finance, REDmoney Events. The representatives of the largest banks and sovereign wealth funds, public authorities, financial regulators, audit, consulting and law firms from the key Islamic finance markets from all around the world, as well as from Russia and CIS countries will take part in the Forum. The IFN CIS & Russia Forum is annually held in 22 different countries and is considered a platform, where the primary vectors of Islamic finance development and money markets are formed.

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