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.

According to him, Islamic banks are necessary for Russia.

Islamic financing is a system of dealing with bank affairs according to the religious principles of Islam.

845 views


More Russian news

Yuriy Gorlin: Those who participated in the earnings-related pension system, lost’’

Yuriy Gorlin: "Those who participated in the earnings-related pension system, lost’’

The Deputy Director of the RANHiGS Institute for Social Analysis and Forecasting on pension problems of the modern Russia

Festival of culture and sports of Caucasian peoples starts in Ingushetia

Festival of culture and sports of Caucasian peoples starts in Ingushetia

The 7th Festival of Culture and Sports of the peoples of the Caucasus, which will feature all seven regions of the North Caucasus Federal District (North Caucasus Federal District) is held this weekend in Ingushetia. According to the vice-premier …

Yevkurov dissatisfied with state of tourism industry in Republic

Yevkurov dissatisfied with state of tourism industry in Republic

Today the head of Ingushetia, Yunus-Bek Yevkurov, said that the tourism cluster in the Sunzha and Jeirakh municipal areas has been slower and less extensive than planned. Answering the question about the reasons of …

600 evacuated from Moscow train station amid bomb call

600 evacuated from Moscow train station amid bomb call

Around 600 people have been evacuated from Moscow's Kievskiy train station after a bomb threat alert was triggered by an anonymous call, RIA Novosti reports …

Crimea celebrates Flag Day

Crimea celebrates Flag Day

Crimea citizens are celebrating the Day of the State Emblem and the State Flag of the Republic for the first time. A year ago, the peninsula celebrated the Day of the State Flag of the Republic of Crimea on January 19, but the decision of the …

Turkey’s Antalya hopes to double number of Russian tourists

Turkey’s Antalya hopes to double number of Russian tourists

Turkey’s Antalya Province hopes to double the number of Russian tourists to 7 million people, the province’s Governor Munir Karaloglu said. "If in 2017, we manage to settle all problems with Russia, …

Mutko wins new term as Russian Football Union president

Mutko wins new term as Russian Football Union president

Russian sports minister Vitaly Mutko has won a new four-year term as President of the Russian Football Union (RFU), receiving 266 votes from …

 Zarif: Tehran and Moscow do not compete on Syrian issue

Zarif: Tehran and Moscow do not compete on Syrian issue

Iran and Russia are both interested in eradicating terrorism from Syria as it presents a threat not only to regional states but also to countries beyond the region, Iranian Foreign Minister Mohammad Javad Zarif said.  …

 Russia and Egypt discuss resumption of flights

Russia and Egypt discuss resumption of flights

Russian Deputy Minister of Transport, Nikolai Zakhryapin, and Egyptian Minister of Civil Aviation, Sherif Fathi, met in Moscow on …

Lavrov accuses West of promoting its own interests to detriment of others

Lavrov accuses West of promoting its own interests to detriment of others

Russian Foreign Minister Sergey Lavrov on Friday laid the blame for a "bleeding Middle East and North Africa" on the U.S. and its allies, in a speech to the U.N. General Assembly, Daily Mail reports. …

more Russian news