A round table on Islamic finance was held in Kazan

The Investment Development Agency of the Republic of Tatarstan hosted an annual workshop on Islamic (partner) finance, which brought together experts from the Islamic economy of the Republic of Tatarstan. The event became a platform for discussing the experiment on the introduction of Islamic banking in Russia, the development of halal products and services, as well as developing solutions for the further development of this area.

Taliya Minullina, Head of the Investment Development Agency of the Republic of Tatarstan, opened the event by presenting a report on the Islamic economy in 2025 and the role of partner finance in the world, Russia and the Republic of Tatarstan. According to Taliya Minullina, today the list of participants in the experiment on Islamic finance on the website of the Bank of Russia includes 33 organizations, of which 14 are from the Republic of Tatarstan.

"We still have four regions in the experiment, plus the central offices of credit and financial organizations in Moscow. But we see that new market participants have begun to appear in other regions: Krasnodar Territory, Astrakhan Region, Karachay-Cherkessia, Ingushetia," she said.

In addition, during a conversation with journalists, Minullina said that it is planned to open an office of the Organization for Accounting and Auditing for Islamic Financial Institutions (AAOIFI) in Kazan.

A large number of topics were considered during the workshop. The participants of the experiment, which includes credit and financial organizations, talked about the results and new products, while other market participants from consulting, educational, accounting and other organizations jointly discussed the current situation, as well as the need for subsequent legislative changes affecting the development of this area.

More than 45 experts and representatives of business, banks and the scientific community took part in the discussions. Among the speakers of the round table are representatives of the Duma of the Republic of Tatarstan, PJSC AK BARS BANK, SBER, LLC Ak Bars Capital Management Company, LLC United Stock Broker, FD Amal, Housing Savings Cooperative Housing Traditions, PO AS SALAM, LLC Golden Chest and other organizations.. Many speakers noted the expansion of the geography of activities in Russia and abroad. Tatarstan companies are opening branches in Astana, Dushanbe, Tashkent, Kuala Lumpur.

So, in 2025, the first Islamic offices were opened in Dagestan and Moscow, and Islamic "windows" of a new format were launched in Kazan and Ufa. Among the new products, the participants noted sukuk mudaraba, murabaha, a salary project according to Islamic norms, an Islamic individual investment account (IIC), a free educational course on partner financing products, and others.

Following the results of the workshop, the experts concluded that the development of Islamic finance contributes to the diversification of the Russian financial market and the strengthening of international relations, as well as creates conditions for wider participation of investors from the Islamic world.

Addition information:

A recording of the broadcast of the event is available in the official group of the Investment Development Agency of the Republic of Tatarstan on VKontakte at the following link: https://vk.com/wall-211407548_2552