Ijara-Leasing Company has become a participant in an experiment to establish special regulation on partner (Islamic) financing

Ijara-Leasing LLC is included in the register of participants in the experiment to establish special regulation in order to create the necessary conditions for the implementation of partner financing activities. The decision was made by the Bank of Russia and published on the website https://www.cbr.ru/rbr/rbr_fr /

Since September 1, 2023, an "experimental legal regime for the implementation of partner financing activities" has been launched in four regions of the country. It operates in Dagestan, Chechnya, Bashkortostan and Tatarstan. The essence of the experiment is to test Islamic banking at the state level — a set of financial services provided in accordance with Sharia law. The experiment will last two years.

"The status of a participant in the experiment on partner (Islamic) financing is of great importance to us, as it gives an additional impetus to the growth and further development of the company. It is especially important that this tool takes into account the needs of believers to follow Islamic norms in carrying out financial activities," said Ilnur Sadrtdinov, Director of Ijara Leasing.

Ijara-Leasing is a subsidiary of the Investment and Venture Fund of the Republic of Tatarstan.