Islamic banking system in Russia soon? Putin's 'ploy' to evade sanctions amid Ukraine war
Russia is drafting a new law to regulate Islamic banking in the country, a growing sector that could help state-run banks hit by Western sanctions to attract investors from Muslim-majority countries as well as cater to domestic customers. The mass-circulated Russian daily Kommersant reported that the non-credit banking institutions would operate as financing partnership organisations and offer Sharia-compliant financial products to their customers. Watch this video for more. #russia #putin #islamic #bank #finance #ukraine #usa #sanctions #shariat #islamicbank #money
