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Islamic Finance Briefing - Categorized | Emerging Trends, Finance more

Russia: A promising market for Islamic finance

Posted on 23 November 2009

From Aawsat.com: There are around 47 million Muslims in Russia, which means that Muslims make up around one third of Russia’s overall population.
This figure is expected to rise to 50 percent by 2050 due to the high birth rate among the Muslim community, the decrease in the non-Muslim Russian population which is decreasing at a rate of 1 million people per year, as well as the immigrations of Muslims from central Asia into the Russian Federation……………………….Full Article: Source

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