| From Arabnews.com: At the moment there is only potential, for Islamic finance has yet to come to Russia. There has been the odd financial institution trying to introduce an Islamic financial product. The potential for Islamic finance however is great.
In Russia there are 20 million Muslims mainly in Tatarstan and the northern Caucasus. Islamic finance is not only for Muslims but for anyone interested in socially responsible investments and ethical finance. Sberbank is currently expanding its presence abroad. We have a wholly-owned subsidiary bank in Kazakhstan and Ukraine.........................................Full Article: Source
|