We know everything about bankruptcy
22/11/2024
Friday
22 November 
1970 The city of Naberezhnye Chelny was renamed Brezhnev. The first name was returned to the city in 1988.
1970 The US President John F. Kennedy was killed.
1970 Abortions were allowed in the USSR in case pregnancy threatened the mother's life.
ISLAMIC BANKING MAY APPEAR IN RUSSIA
Firstly, the rapprochement with Islamic countries in terms of economic activity. Secondly, the specifics of Islamic banking (financial activity based on the principles of Sharia) does not allow to enter the financial instruments inherent in this system into the current Russian legislation.
It is worth noting that Islamic countries are very interested in the Russian investment direction, and the financial instruments of Islamic banking themselves can be quite progressive – this is evidenced by the experience of their integration in the UK and Switzerland.
There are about 520 banks and 1,700 investment funds in the world that adhere to Islamic principles.
From 2012 to 2019, Islamic financial assets grew from $1.7 trillion to $2.8 trillion, and they are projected to grow to almost $3.7 trillion by 2024, according to the report of the Islamic Corporation for Private Sector Development (ICD) and Refinitiv for 2020. This growth is largely due to the rise of the economies of Muslim countries (especially those that have benefited from the rise in oil prices).
