To Russian Federation there was an Islamic banking

To Russian Federation since September 1 started two years' experiment on introduction of Islamic banking. It will pass in four Russian regions — Chechen Republic, Republic of Dagestan, Republic of Tatarstan and Republic of Bashkortostan. The relevant law came into force. Islamic banking means observance of the principles of Sharia when providing financial services. In particular, it forbids to take the established percent or remuneration for granting loans. According to the law, collection of variable remunerations — depending on results of transactions is allowed. Participants of experiment have no right to finance activity, connected with...