Islamic financial product

The product terms require a down payment of 30% to 90%, with installment plans ranging from 1 to 20 years, and a minimum financing amount of 500,000 rubles. Islamic mortgage allows you to purchase real estate in accordance with Islamic law, with a fixed price for the entire term and equal installments.

Kazan: +7 (843)200-53-03

akbars.ru

“Amal” dwelling purchase financial product is based on the Musawamah and Murabaha Islamic contracts. Under the contract, “Amal” sells the client desired property with the condition of payment in installments. Ownership of the asset transfers to the client after the purchase agreement is concluded and the transaction is registered with government authorities.

 Purchasing a vehicle is possible:
Using the “Amal” product, based on the Musawamah and Murabaha Islamic contracts. Under the contract, “Amal” sells the client desired assets, with the condition of payment in installments. Ownership of the goods transfers to the client upon the conclusion of the purchase agreement.

Telephone number: 8 800 222 2616

Email: office@amal.ru 

To purchase an apartment in installments according to Sharia law without extra cost, you need to:

1. join a housing saving co-operative and become a shareholder;
2. choose the property you like and make a down payment equal to half the cost of the apartment (you can use maternity fund);
3. pay off the second part of the apartment within 5 years at market price.

Kazan: +7(843)203-33-19

info@znkgt.ru
www.znkgt.ru

Ijara agreements with terms of 1 to 5 years apply to cars and commercial vehicles, machinery (automotive, specialized, agricultural), agricultural equipment, and commercial real estate, as well as RESIDENTIAL real estate. The program is available to legal entities, sole proprietors, peasant (farms) agriculture, and individuals.

Legal entities and individuals must be registered in the Russian Federation, have non-deficient operations, and have no outstanding debts to authorities or bailiffs.

The minimum down payment is 15% of the leasing subject cost. Financing for used equipment is available.
Tel. (843) 570-40-13, (extens.1335).

Cell phone number +7-927-431-70-71

www.lkmb-rt.ru

Under the agreement of the Financial Company, “LaRiba Finance” sells the assets required by the client, providing a deferred payment. Ownership of the goods transfers to the client upon the conclusion of the purchase agreement and the goods delivery.

Installment plan is also available to residents of other regions, but only with guarantors registered in any city of the Republic of Daghestan.
The minimum initial payment varies from 25% to 30% of the selected product cost, depending on the pricing plan.

Makhachkala: 8 988 293 64 66;

info@lariba.ru
@laribafinance
https://lariba.ru/

Payment in installments is available for a maximum of two years, with the down payment of 30%. For application, you need to fill in the form in person, enclosing copies of your passport, registration address, and tax identification number (TIN). The application form will be reviewed within two days.

Almetyevsk: +7 (960) 060-00-55
https://vk.com/akmalauto

When concluding purchase and sale agreement of goods in installments, the Company also concludes surety agreements with third parties and asset pledge agreements (possibly the goods themselves after the transfer of ownership). Accordingly, in default (impossibility of fulfillment) of the agreement by the client, the company turns to the guarantors. If this measure does not help, then the only option left is disposal of pledged property. If the sum of the funds from sales and previous payments under the agreement exceed the amount specified in the agreement, the excess amount is transferred to the client.

The overpayment (extra charge) depends on the price of the product and the agreement term.
Installment plan is only available to residents of the Republic of Dagestan.

Makhachkala: Cell phone number +7906610000
Telephone number +7 8722 610000
Email: info-masraf@mail.ru

“Amal” provides partnership financing upon application submission and a positive solution of management.

Telephone number: 8 800 222 2616

Email: office@amal.ru

Projects are funded after the business proposal review.

Maximum funding amount is 300,000 rubles.

Makhachkala: 8 988 293 64 66;
@laribafinance
https://lariba.ru/

The Foundation provides support to citizens of the Russian Federation aged 18 to 60 years residing in the Chechen Republic in the creation and development of a business registered and conducting its main activities in the territory of the Chechen Republic;

The company provides up to 6,000,000 rubles to promising investment projects;

Financing period is up to 4 years, exemption period is up to 12 months;
The foundation contribution: the foundation’s investments are returned in equal installments during the term of the partnership after the exemption period;

The profit is divided according to a pre-agreed proportion;
The loss is divided proportionally to the contribution into the project capital.

Grozny: +7 (8712) 29-10-10
info@zayedfund.com
https://zayedfund.com/

This financial product for purchasing cars, dwellings, and specialized equipment is based on the Musawamah and Murabaha Islamic contract. Under the contract, “Amal” sells the client desired property with the condition of payment in installments. Ownership of the asset transfers to the client after the purchase agreement is concluded and the transaction is registered with government authorities.

Telephone number: 8 800 222 2616

Email: office@amal.ru

Under the agreement, the investor transfers their capital to “Amal”, which uses it to finance its active transactions, including installment plans. The resulting profit is divided between the investor and “Amal” in accordance with the proportions specified in the agreement. In case of the loss, the investor’s capital is reduced.

Telephone number: 8 800 222 2616
Email: office@amal.ru

The methodology was developed by specialists from “AK BARS CAPITAL” Management Company and the Russian Islamic University, based on the theological principles of Islamic finance and international experience. It was subsequently approved by the academic community of the Spiritual Administration of Muslims of the Republic of Tatarstan, known as the Ulema Council, and accredited by the Spiritual Administration of Muslims of the Republic of Tatarstan.

A Sharia auditor has been appointed to regularly monitor our portfolio’s compliance. (Doctor of Islamic Sciences, Vice-Rector of the Russian Islamic University, Rustam Maratovich Nurgaliev).

Out of 258 stocks traded on the Moscow Exchange, 38 were selected that met the criteria of our methodology. These are the most liquid largest Russian companies (blue chips) in the oil and gas, metallurgy, and energy sectors. The securities offered do not include companies that are not involved in the production of alcoholic beverages, tobacco products, gambling, etc.

Minimum investment amount:
- 1,000 rubles for investment unit purchase applications, when applying to “AK BARS CAPITAL” Management Company LLC (via your personal account or in person at 1a Meridiannaya Street)
- 30,000 rubles for investment unit purchase applications, when applying through any Ak Bars Bank branch (a brokerage account is opened through “AK BARS FINANCE”).

Source: https://invest.akbars.ru/lale
Kazan: +7(843)518-66-77
https://www.akbars-capital.ru/pif/lale/

The Russian Center for Islamic Economics and Finance (RCIEF) can be seen as a promising activity in addressing the challenges faced by the Islamic financial institutions as they expand their operations in the CIS countries and the Russian Federation.
RCIEF was established in October 2008 on the basis of the Russian Islamic     University jointly with the Islamic Development Bank (Kingdom of Saudi Arabia) and the Kuala Lumpur Business School (Malaysia).

The official opening of the Center took place on November 28, 2008, and was attended by Ali Hassan Jaafar, Ambassador Plenipotentiary of the Kingdom of Saudi Arabia to the Russian Federation; Abdullah Mahdi Barak, Acting Ambassador Extraordinary and Plenipotentiary of the State of Qatar to the Russian Federation; Bekir Gerek, Counselor for Religious Affairs at the Turkish Embassy in Moscow; and specialists in Islamic finance and economics.

RCIEF regularly conducts seminars and webinars on various topics related to the most pressing issues in Islamic economics. It also provides advisory and audit services on Islamic financial products. RCIEF is also a certified examination center for AAOIFI standards.

tel.: +7 843 277 57 55
mob.:+7 995 688-22-12 (+whatsapp)
email: info@rcief.ru
420049, Republic of Tatarstan, Kazan, 19 Gazovaya Street

The Foundation was created by the Spiritual Administration of Muslims of the European part of Russia and is intended to collect and distribute funds for the mandatory Muslim almsgiving (zakat) as well as other voluntary donations from citizens for the Foundation’s charitable programs.

Telephone number: +7 (495) 975-91-67
WhatsApp and text messages only
info@zakatfund.ru
https://zakatfund.ru/

“PayZakat” collects, distributes, and monitors mandatory and voluntary donations to Muslims in need. On the “PayZakat” platform, you choose who you would like to donate to. All donations are processed through our partner – Sberbank. On the “PayZakat” platform, you can calculate your zakat amount, make zakat or sadaqah donations, receive consultations, and view a report on the results of your donation.

Moscow: +7 (495) 749 29 92
hello@payzakat.global

Every year, they collect and distribute zakat and ‘ushr funds, distribute the meat of sacrificial animals to those in need during Eid al-Adha, rehabilitate various categories of disabled and addicted people. They founded the “Family Hearth” children’s home, and created the “Road of Life” charity for delivering food to disabled, lonely pensioners, and the poor.

Email: info@yardemfond.ru

8 (800) 101-50-85
8 (843) 223-03-75
Official website: https://yardemfond.ru/

The organization provides constant assistance to those in need, seriously ill children and adults left without parental care, the elderly, multi-member families, widows and single mothers.

Republic of Daghestan: 8 800 600 09 91

Official website: https://fondinsan.ru/
Email: insan05ru@mail.ru

Helps users find and raise funds for projects that benefit Muslims and society at large. The primary goals of the platform creation are to promote the development of the ummah and provide financial support to those in need.

Kazan: 89003236001
Website: https://halalstarter.com/ru/