New Investment Platform in Russia: A Step Towards Integration of Islamic Finance
New Investment Platform in Russia: A Step Towards Integration of Islamic Finance
03 March
An investment platform compliant with AAOIFI Islamic finance standards is being created in Russia. The company “Unified Banking Technologies” is behind the development. The innovative concept suggests that investors receive a share of future profits instead of fixed interest, thus conforming to the Shari’ah rules in full. As a result, businesses will be able to attract financing without traditional interest, as well as issue sukuk, Islamic alternative to bonds.
The launch of the platform is followed closely by the creation of the Fund “Heritage”, which is implemented jointly with two Arab funds and aimed at financing promising start-ups in Russia and the CIS.
The company submitted documents for obtaining a licence to the Central Bank in January 2025, while the full launch of the platform is scheduled for May 2025. The strategic goal of the project is to integrate with BRICS platforms via APIs. Compliance with AAOIFI standards is crucial for the international positioning of the project, making it clear and reliable for Arab and Asian investors.
It bears mentioning that the AAOIFI International Conference will be held for the first time as part of the Forum “Russia – Islamic World: KazanForum 2025”, which will take place from 13 to 18 May 2025 at the International Exhibition Centre “Kazan Expo”. This event will serve as an important milestone in the development of Islamic finance in Russia and the strengthening of international co-operation.
Registration for the Event is available through the link: https://reg.kazanforum.ru/ru/registration.
Media accreditation: https://kazanforum.ru/press-center/accreditation-terms-and-conditions/.
The launch of the platform is followed closely by the creation of the Fund “Heritage”, which is implemented jointly with two Arab funds and aimed at financing promising start-ups in Russia and the CIS.
The company submitted documents for obtaining a licence to the Central Bank in January 2025, while the full launch of the platform is scheduled for May 2025. The strategic goal of the project is to integrate with BRICS platforms via APIs. Compliance with AAOIFI standards is crucial for the international positioning of the project, making it clear and reliable for Arab and Asian investors.
It bears mentioning that the AAOIFI International Conference will be held for the first time as part of the Forum “Russia – Islamic World: KazanForum 2025”, which will take place from 13 to 18 May 2025 at the International Exhibition Centre “Kazan Expo”. This event will serve as an important milestone in the development of Islamic finance in Russia and the strengthening of international co-operation.
Registration for the Event is available through the link: https://reg.kazanforum.ru/ru/registration.
Media accreditation: https://kazanforum.ru/press-center/accreditation-terms-and-conditions/.
