The Republic of Tatarstan will become the pilot region for start of Islamic banking and finance in the Russian Federation
9 April 2015, Thursday
On April 9, 2015 in Kazan the international Kazan Sukuk Conference 2015 conference devoted to development of the market of Islamic finance (sukuk) in Russia took place.
Representatives of the Office of the Cabinet of the Republic of Tatarstan, bank community of the republic, Fund of development of Islamic business and finance, and also Malaysian finance companies took part in conference. From the Ministry of Economics the deputy minister Bulat Haziakhmetov and the head of department of investment activity Igor Gubaidulin took part in action.
During conference questions of development of the sukuk market were discussed, examples of successful sukuk releases, features of sukuk release in Russia and the CIS countries, and also structure of sukuk transactions taking into account the Russian legal framework were lit.
Within the above conference between the Government of the Republic of Tatarstan and the Malaysian-Russian consortium the agreement which purpose is preparation of the feasibility study on creation of Islamic bank or Islamic bank "window" in the territory of Tatarstan was signed.
As part of the program, the Minister visited the Arsky Industrial Park, where he got acquainted with the current activities and long-term plans of the residents. During the inspection of the production facilities, Midkhat Shagiakhmetov held a substantive discussion with the heads of enterprises on capacity expansion and improving the efficiency of using the existing infrastructure.
Applications for the Start-Digital Technologies-1 competition (turn 2) are being accepted on the website of the Innovation Promotion Foundation until February 24. Individuals and legal entities, small business entities, can participate in it.
Rustem Mukhamedshin, Director of the Guarantee Fund of the Republic of Tatarstan, took part in a large–scale event - the strategic session of the Association of Small and Medium-sized Businesses of the Republic of Tatarstan, which took place on January 30, 2026 in Kazan at the Entrepreneur's House.
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