Showing posts with label kovalenko. Show all posts
Showing posts with label kovalenko. Show all posts

Saturday, February 26, 2011

RUSSIA - Roadmap - a hope for the development of Islamic finance in Russia

Roadmap - a hope for the development of Islamic finance in Russia
Dr. Alexei Kovalenko Head of Task Force
Alternative (Islamic) financial institutions and products
Association of regional banks of Russia

Probably, starting from the very beginning the idea of Islamic Finance introduction in Russia requires a multistep approach.
"A Roadmap for Islamic Finance in Russia" should be designed as a document, which will become a visual presentation of the step by step development scenario of the Islamic finance in Russia. It should include preparation of legislative and regulatory framework as the main component of the Roadmap, a plan how to best develop and built up over time the basic stages of this process, as well as outlook for the whole industry over the long prospective. Vision and strategy here should be consolidated.(source)