Islamic Corporation for the Development of the Private Sector (ICD), International Association of Islamic Business (IAIB), Sberbank and IsDB Group Business Forum (THIQAH) organized the 1st Russian Islamic Economy Forum in Moscow – Russia (27th February 2018)
The Forum aimed to provide a long-term platform to facilitate business partnerships and develop joint investments, collaboration and trade facilitation
The Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-PS.org), the private sector arm of IsDB Group (www.IsDB-pilot.org), the International Association of Islamic Business (IAIB) and Sberbank of Russia, in close cooperation with the IsDB Group Business Forum (THIQAH) (www.IDBGBF.org) and KPMG have organized the 1st Russian Islamic Economy Forum which was held on 27th February 2018 in Moscow, Russia.
The Forum aimed to provide a long-term platform to facilitate business partnerships and develop joint investments, collaboration and trade facilitation. The Forum also allowed the participants to deliberate on the opportunities, challenges, threats and the road forward towards improved economic integration between Europe and Asia, particularly OIC countries, and the role that alternative finance mechanisms such as Islamic finance can play. The forum focused on the best practices concerning various industries in Russia. Furthermore, the most suitable and favorable financing tools for application in Russia were presented at the forum including SMEs financing. The event also discussed the Islamic economy and the role of Russia in Islamic ecosystem, and highlighted the innovations as the key to the development.
ICD launched a comprehensive report titled “Russia: Bridging New Horizons” which includes some highlights on Russia’s economy in 2018, and the global Islamic finance industry. Also, it includes an overview of the current Islamic finance landscape in Russia and the how can Islamic finance contributes to Russia’s sustainable economic development”
For further information on the program and other additional information, please refer to the event's dedicated website (www.IDBGBF.org/Russia2018).
Distributed by APO Group on behalf of Islamic Corporation for the Development of the Private Sector (ICD).
About the Islamic Corporation for the Development of the Private Sector (ICD):
ICD (www.ICD-PS.org) is a multilateral organization and a member of the Islamic Development Bank (IDB) Group. The mandate of ICD is to support economic development and promote the development of the private sector in its member countries through providing financing facilities and/or investments which are in accordance with the principles of Sharia’a. ICD also provides advice to governments and private organizations to encourage the establishment, expansion and modernization of private enterprises. ICD is rated AA/F1+ by Fitch, Aa3/P1 by Moody’s and A+ by S&P Ratings. For more information, visit www.ICD-PS.org.
About The Islamic Development Bank Group Business Forum (THIQAH):
The Islamic Development Bank Group Business Forum (THIQAH) (www.IDBGBF.org) is the main window of the IsDB Group that facilitate contact and coordination between entities of the Group and private sector firms and related institutions in our member countries. The main objective of THIQAH is to establish a unique and innovative platform for dialogue, cooperation and inclusive partnership for business leaders committed to partnering in promising investment opportunities. THIQAH’s vision is to position itself as the leading business platform of the IsDB Group serving the private sector in member countries and maximizing the achievements of successful investment projects. The primary focus is on maximizing cross-border investments among IsDB Group member countries, with the support of IsDB Group’s financial products and services, visit (www.IDBGBF.org).