Public joint-stock company "Sberbank Russia" started an Islamic mortgage in two regions Russian Federation

Public joint-stock company "Sberbank Russia" and service real estates Domklik declared start pilot products "the Mortgage of Murabakha" in Republic of Bashkortostan and Republic of Dagestan. Under the terms financings in contract purchase and sale cost real estates are specified taking into account a margin, by installments without payment of percent. Such principle of financing conforms to the AAOIFI standards (Accounting and Auditing Organization for Islamic Financial Institutions). "Murabakh's mortgage" is available for the sum from 300000 to 100000000rubley for up to 20let with the minimum initial contribution from 30%. Product is certified by Sharia consulting council. Oleg Ganeev...