"The experiment on introduction of partnership financing in Russia should become open-ended"

The experiment on the introduction of partnership financing in Russia should become open-ended, said Anatoly Aksakov, Chairman of the State Duma Committee on Financial Market, following the session: "Partnership financing in Russia new experience, first assessments".

According to him, the first 4 subjects participating in the experiment demonstrate a positive example to the whole country. Tatarstan is already starting to show it. And this will be a signal to expand the number of participants of the experiment for the introduction of partnership banking. At the same time, it is very important to remove the time restrictions on its implementation, which is 2 years, so that Islamic finance can be used indefinitely and everywhere.

"We are accumulating experience and proposals on what needs to be done," Aksakov said.