We know everything about bankruptcy
10/09/2024
Tuesday
10 September 
1977 Tunisian immigrant Hamida Jandoubi became the last person in Europe to be executed by guillotine.
1940 The USSR approved the regulation on passports.
1894 The first driver was fined for drunk driving in London.
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).
