RUSSIA - Russian laws to be adopted for functioning of Islamic financing institutes

Russian legislative system will not be an obstacle for Islamic financing institutes of Russia, the head of Tatarstan Rustam Minnikhanov stated in Dubai, RIA Novosti reports.

“Our bank laws partially don’t correspond to work with Islamic financing, but we have analyzed this issue and it appears the problem can be solved,” Minnikhanov stated at the opening ceremony of Annual Investment Meeting 2011 in Dubai. (full story)

RUSSIA - Rustam Minnikhanov negotiates use of Islamic banking in project financing in Tatarstan

(Kazan, December 6, Tatar-inform). Tatarstan President Rustam Minnikhanov has during a working visit to Abu Dhabi, the United Arab Emirates, held meetings.

Rustam Minnikhanov is on a two-day working visit to Abu Dhabi (4-5 December).

Tatarstan President negotiated investments in the Tatarstan economy with the Al Hilal bank’s CEO Mohammed Jamil Berro and the Abu Dhabi Islamic Bank’s President Tirad Mahmoud.