Islamic banking stepped to regions

In four Russian regions Islamic banking starts working. Experimental legal regime started in Republic of Bashkortostan, Republic of Tatarstan, Republic of Dagestan and Chechen Republic. It is supposed that it can extend and to other subjects. Financial institutions, associations and partner societies can take part in the project. Photo: Pavlenko Eugenie, newspaper "Kommersant" One of the main features of this model — a ban on receiving interest income. Islam directly forbids usury. But there are many other ways to earn, the leading analyst of companies "explains Opening of Investments" Kochetkov Andrey: ...