The amount of transactions on Islamic products in Tatarstan exceeded ₽1 billion

The number of transactions on Islamic banking products after the beginning of the federal law on conducting an experiment on partnership finance in Tatarstan has increased 2 times. This was told at a press conference by Ruslan Khaliullin, head of the partnership finance unit at the Ministry of Economy of Tatarstan.

"For three months after the law was introduced, 2 times more applications were received from the participants of the experiment compared to the previous period: last time there were 153 deals for 257 million rubles, now - 315 for the amount of over 1 billion rubles," he said.