New digital instruments can be used for Islamic banking
New digital instruments can be used for Islamic banking
29 May
This opinion was expressed at the KazanForum 2024 session by Anatoly Aksakov, Chairman of the State Duma Committee for Financial Market. The session discussed the first assessments of the experiment on partnership financing in Russia, as well as new experience gained in the course of its implementation.
Aksakov admitted the possibility of making corresponding amendments to the legislation if necessary.
“This direction is very promising. I am generally an apologist for digital financial assets, as they just allow us to overcome sanctions against our country,” Anatoly Aksakov said.
In Russia from September 1, 2023, an experiment on partnership financing was launched in 4 regions: in Bashkortostan, Dagestan, Tatarstan and Chechnya. The experiment will last two years and will allow to assess the demand for new financial products among citizens and businesses.
Aksakov admitted the possibility of making corresponding amendments to the legislation if necessary.
“This direction is very promising. I am generally an apologist for digital financial assets, as they just allow us to overcome sanctions against our country,” Anatoly Aksakov said.
In Russia from September 1, 2023, an experiment on partnership financing was launched in 4 regions: in Bashkortostan, Dagestan, Tatarstan and Chechnya. The experiment will last two years and will allow to assess the demand for new financial products among citizens and businesses.
