We know everything about bankruptcy
25/04/2024
Thursday
25 April 
1970 Bulgaria and Romania joined the European Union
1970 Bulgaria and Romania joined the European Union
1970 The judicial liability for absenteeism, introduced in 1940, was canceled in the USSR
1970 The judicial liability for absenteeism, introduced in 1940, was canceled in the USSR
1970 The meeting on the Elbe of Soviet and American troops
1970 The meeting on the Elbe of Soviet and American troops
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).
