Midkhat Shagiakhmetov held a meeting with the Chairman of the Board of Trustees of the Organization for Accounting and Auditing for Islamic Financial Institutions (AAOIFI)
Deputy Prime Minister of the Republic of Tatarstan - Minister of Economy of the Republic of Tatarstan Midkhat Shagiakhmetov held a meeting with the Chairman of the Board of Trustees of the Organization for Accounting and Auditing for Islamic Financial Institutions (AAOIFI) Sheikh Ibrahim bin Khalifa Al Khalifa.
The meeting discussed issues of further cooperation, the possibility of expert support for AAOIFI in the development and implementation of Islamic financial products in Russia, the possibility of holding the next AAOIFI conference on Islamic banking and finance in Tatarstan. The issues of the implementation of standards on Islamic finance within the framework of the Russian steam field were also touched upon.
As part of the further development of bilateral relations, they discussed the need to create an international expert working group on standardization of partner financing products in the Russian Federation with expert support from AAOIFI specialists and a number of other issues.
To date, within the framework of cooperation with AAOIFI, the Russian Islamic Institute in Kazan has established the only Testing Center of the organization in Russia, which makes it possible, without leaving the country, to become its certified expert. The products sold in the Republic of Tatarstan were developed by specialists from Tatarstan, certified by AAOIFI. Currently, 12 specialists are already working with this certificate in Russia, 8 of them are in the Republic of Tatarstan.
Kazan Federal University is implementing a master's degree program accredited by AAOIFI, the Bulgarian Islamic Academy and the Russian Islamic University have developed training programs by specialists with AAOIFI certificate.
For reference: * AAOIFI is one of the most reputable organizations supporting Islamic financial institutions. The headquarters is located in the Kingdom of Bahrain. The main goal of the organization is to develop and approve standards for Islamic banks and financial institutions around the world.