Officials meeting in the shadow of the snowy towers of Kazan’s 16th century white Kremlin are in an unlikely site for hatching groundbreaking financial plans. But Kazan in Russia’s Tatarstan region aims to be the first place in Russia to launch an Islamic bond, with a test case in July that will test the appetite for Islamic financial products in Russia, bne has reported.
Countries ranging from France to the United Kingdom, and Thailand to Brazil are all exploring how to use Islamic financial investment to draw gulf petrodollars into their economies……………………………………….Full Article: Source