Shariah Finance Gaining Ground in Former Soviet Republics
On September 16, 2014 · In Islamic Finance, Russia, Shariah Finance
Experts have calculated that Islamic Banking will be a $2.1 trillion industry by the end of 2014. Governments across the former Soviet Union are increasingly turning toward Islamic Finance as a legitimate banking system.
The Russian Banking Association (RBA) has begun lobbying for the adoption of a federal law to regulate the growing field within the Russian Federation.