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.

Russia’s gravitation toward Islamic finance is gaining momentum as its economy continues to take a beating on the back of a strained relationship with the west; and the sanctions-slapped country is now closer to realizing its Islamic finance goals with industry heavyweight Malaysia lending support to the Federation.

Despite the current turbulent economic environment and the cautious climate pervading the financial markets, increasing international collaboration and a focus on global opportunities have broadened the scope of the Islamic finance issuance spectrum. Delegates from across the Islamic world attended the IFN Issuers Forum at the Ritz-Carlton in Dubai yesterday for an event that confirmed an encouraging trend for Shariah compliant capital-raising.

In June 16, in «Korston-Kazan» the VII International economic summit of Russia and OIC countries – KazanSummit 2015 has finished its work.

The Islamic Financial Services Board (IFSB), the prudential and supervisory standard-setting body for the estimated US2.3 trillion global Islamic finance industry, convenes its 12th Annual Summit on 19 - 21 May 2015 at the Rixos Almaty in Kazakhstan.

For discussion, which opened in Moscow, was pronounced a wide range of issues: from the feasibility study of establishing an Islamic bank and practices of Russian companies in the field of Islamic finance to risk assessment in the implementation of Islamic banking to the country and review of the measures necessary for its successful launch.

Credit guarantees are gaining traction in Islamic finance, helping a wider range of firms to tap the market for sharia-compliant debt, which remains stubbornly reliant on sovereign and quasi-sovereign issuers.

Credit guarantees are gaining traction in Islamic finance, helping a wider range of firms to tap the market for sharia-compliant debt, which remains stubbornly reliant on sovereign and quasi-sovereign issuers.

Sukuk has certain implicit features that makes them different from Riba securities. The most clear difference between them is in what owning them means. In the case of sukuk, investors own part of the capital and receive benefits from increases in its value.

Russian lenders are stepping up efforts to tap Islamic finance as international sanctions and a slump in oil prices push the world’s biggest energy exporter to the brink of a recession.

Overlook of islamic finance’s market from investment company Finam.