Russian banks are developing expertise in Shariah finance in an effort to diversify funding sources for local firms.

Russia’s Shariah banking sector is still in its infancy. However an estimated 20 million Muslims living in the country are a potential source of money, as are cash-rich Islamic nations abroad.

http://www.thehindubusinessline.com/news/international/facing-sanctions-russian-banks-look-to-build-islamic-finance-knowhow/article6874069.ece

 

 

 

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