Russia's first Islamic bank will open this month in Kazan, the capital of Tatarstan, a federal subject of Russia.
The bank will function according to Islamic principles as a subsidiary of Tatagroprombank, one of the bank's founders announced.
The bank aims to encourage investment from Islamic countries in Russia, and will also sign an agreement with the Saudi Arabia-based Islamic Development Bank.
The bank was founded after a new law was passed this January by the State Duma. The law enables the Russian banking system to function according to the requirements of Islamic financial institutions.
Please click to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the cookies used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan çerezlerle ilgili bilgi almak için lütfen tıklayınız.