RUSSIA: Two of the largest banks, one of which is Sberbank, will soon incorporate Islamic banking rules into their line of work – @AceFinanceNews

#AceFinanceNews – May.29: Major Russian banks to pilot Islamic banking principles

In a noteworthy transformation, two of the largest Russian banks, one of which is Sberbank, will soon incorporate Islamic banking rules into their line of work, in a quick response to the invitation sent out by President of Tatarstan, a federal subject of Russia, Rustam Minnikhanov. Minnikhanov’s invitation revolved on how Islam-based banking had been normalized in his republic.

Russia's Sberbank has displayed interest in incorporating a specialized sector for Islam-based banking transactions. (Kiev Post)

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