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Russia seeks Malaysia help to develop Islamic finance

Posted on 22 February 2010

From Btimes.com.my: Russia is seeking Malaysia’s help to develop and implement a full-fledged Islamic financial system there. IFC Linova general director Linar G. Yakupov said Islamic financial services are growing at a robust rate in Russia with huge future potential.

“The Russian federal government has recognised Islamic financial services as one of the many new economic models of the future, which can be nurtured as there is huge demand for Islamic products such as sukuk, hire purchase, property fiancing, private loans and others,” Yakupov said in an interview in Kuala Lumpur……………………Full Article: Source

 
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