Midhat Shagiakhmetov took part in the 19th Annual Conference on Islamic Banking and Finance in Manama (Bahrain)
Deputy Prime Minister of the Republic of Tatarstan - Minister of Economy of the Republic of Tatarstan Midkhat Shagiakhmetov, as part of an official delegation led by the Head of the Republic of Tatarstan R. N. Minnikhanov, took part in the 19th Annual Conference on Islamic Banking and Finance in Manama.
During a working visit to Manama (Bahrain) Midhat Shagiakhmetov took part in the opening ceremony of the conference, in the signing of the agreement on the Bank of Russia's membership in AAOIFI* (Accounting and Auditing Organization for Islamic Financial Institutions), as well as at a meeting with the Chairman of the Board of Trustees of AAOIFI Sheikh Ibrahim bin Khalifa al Khalifa and visited the exhibition exposition of the conference.
During the visit, the Ministry of Economy of the Republic of Tatarstan, chaired by Midkhat Shagiakhmetov, organized a number of separate meetings with international partners in the field of Islamic finance. Among them are meetings with the leadership of AAOIFI, The Bahrain Institute of Banking and Finance, the leadership of the Bahrain Bank Associations and representatives of the country's largest banks, the International Islamic Rating Agency (an organization engaged in rating Islamic financial products), and The International Organization for the Islamic Financial Market (IIFM).
At these meetings, prospects for cooperation were discussed, including the introduction of international experience, the implementation of joint projects, the standardization of Islamic financial products for the Russian market, as well as educational programs and other topical issues.
* AAOIFI is one of the leading international organizations supporting Islamic financial institutions and contributing to the development of the Islamic financial industry.