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Islamic financial institutions and products

Posted on 15 December 2009

From Themoscowtimes.com: Created on May 18, 2009, following the article of the resolution of the international conference “Islamic Banking: Specifics and Prospects” held in March 2009, the working group on alternative (Islamic) financial institutions and products had the objective of working out suggestions for creating conditions for financial organizations to operate on the territory of the Russian Federation according to Islamic finance principles.

Among the tasks of the working group are working out suggestions for introducing amendments to the Russian legislation for reaching an equal level of economic and tax conditions between Islamic and traditional financial institutions………………………………Full Article: Source

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