The Halal Times
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Russia’s first Islamic banking centre, operating under the principles of Southeast Asia and Middle East partnership funding, opened in Kazan on Thursday. At a time when Western funding is closed to Russia, it could now get more investment from Muslim countries. Read more “We are living through difficult times. Difficult economic circumstances force us to …
Grozny: Chechen leader Ramzan Kadyrov and representatives of UAE’s Mazkorp company Hilal Suhail Hilal Rashid Al Mazrouei and Wael Saab have reached an agreement to open an Islamic bank in the republic. Islamic banking implies banking operations in accordance with religious norms of Islam, In particular, interest on loans and financial speculations are banned. Opening …
Makhachkala, October 7, 2015. In Dagestan, the economic specialists study the possibility to establish an Islamic bank, where banking products and services will be provided in accordance with the rules of Sharia, a source in Dagestan ministry of economy informs. As it is reported, Dagestan minister of economy and regional development Rayudin Yussufov instructed to …
MOSCOW (JTA) — At Russia’s largest kosher food factory, owner Pinhas Slobodnik welcomes his Muslim workers with a greeting in Arabic that he pronounces in a thick Russian accent. Some 120 workers, most from the predominantly Muslim republics of Uzbekistan and Tajikistan, are employed at the factory — a sprawling complex built-in 2009 in the basement …
Russia plans to open its first Islamic bank this year, seeking to attract Islamic finance funds as sanctions push the economy down. The State Duma, the lower house of parliament, may allow Islamic banking in the next two months through legislation, said Anatoly Aksakov, a deputy in the Duma and president of the Association of …
