The Guarantee Fund of the Republic of Tatarstan provides guarantee support to businesses up to 50 million rubles for an Islamic product for the development of companies

Entrepreneurs of our republic can use the guarantee support in the form of a guarantee from the Guarantee Fund of the Republic of Tatarstan for the development of the company in accordance with Sharia law.

Among the regional guarantee organizations of the pilot regions participating in the experiment on the implementation of partner financing projects, the Guarantee Fund of the Republic of Tatarstan was the first to be 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. 

To support entrepreneurs operating in accordance with Sharia law, the Guarantee Fund of the Republic of Tatarstan, together with the Russian Islamic University, was the first to develop a unique Islamic product "Daman", corresponding to the canons of Islamic law and approved by the Council of Ulama of the Spiritual Administration of Muslims of the Republic of Tatarstan.

Within the framework of the Islamic product "Daman", 21 entrepreneurs of the Republic of Tatarstan have already benefited from the support of the Guarantee Fund of the Republic of Tatarstan for the Islamic product "Daman" in the amount of 34.95 million rubles. This allowed them to raise 88.8 million rubles in accordance with Sharia law.

The guarantee provided supports Tatarstan businesses in purchasing equipment, cars, special equipment and goods in installments for the development of the company and production. 

For example, thanks to the guarantee of the Guarantee Fund of the Republic of Tatarstan, the organization for the construction of industrial facilities of residents of the industrial park was able to receive support from the Entrepreneurship Support Fund of the Republic of Tatarstan in the amount of 3 million rubles for the purchase of metal structures necessary for construction on the territory of the industrial park.

The maximum amount of guarantee that the Guarantee Fund of the Republic of Tatarstan can provide for the Islamic financial product "Daman" is 50 million rubles, and the amount of guarantee is up to 50% of the amount of the obligation.

☎️ You can get detailed advice by phone: +7(843)293-16-94, +7(903)061-40-18, and also by contacting the Foundation at the address: Kazan, Moskovskaya str., 55.