RUSSIA - ICD offers Islamic finance study tours to Russian, CIS officials

The intellectual argument for and the demystification of Islamic finance has gained much ground in Russia and the CIS countries over the last two years, but the political decision makers and bureaucracy, especially the banking regulatory authorities, still need to be convinced about the role an alternative Islamic system of financial management can play, especially in the aftermath of the global financial crisis. As such, Islamic finance in the region is at best a work in progress but the task ahead remains huge. (full story)

RUSSIA - EVENTS - Roundtable «Islamic Finance in Russia & CIS — market and regulation» Istanbul, January 25, 2011

«Islamic Finance in Russia & CIS
— market and regulation»

Istanbul, January 25, 2011

The Round table will bring together top level representatives from financial and economic ministries, central banks and other regulating bodies of Russia, CIS countries, the Gulf, Southeast Asia and Europe. The event will focus on cooperation and mutual consultations at the application of a wide range of available financial instruments to strengthen the financial system. In particular, Round table will be dedicated to Islamic finance – international experience of application, regulation and use in daily economic practice.

RUSSIA - Bridging the Gap of Islamic Finance in Russia and the CIS

Alain-Amine Raad
Acting Head of

VTB Capital Dubai

The first experience of Islamic finance in modern times formally started in the 1960s. This relatively young industry has emerged as one of the world’s fastest growing in the financial services sector, not surprisingly driven by the high energy prices and the expansion of the banking sector in the Middle East and Southeast Asia.