Experts have calculated that Islamic Banking will be a $2.1 trillion industry by the end of 2014. Governments across the former Soviet Union are increasingly turning toward Islamic Finance as a legitimate banking system.

The Russian Banking Association (RBA) has begun lobbying for the adoption of a federal law to regulate the growing field within the Russian Federation.

http://globalriskinsights.com/2014/09/13/islamic-finance-expands-former-soviet-union/

 

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