Strategic Approach to Islamic Financial Instruments

The Islamic finance industry demonstrates a high growth rate of the global financial sector and serves as an economic tool for trade development, investments attraction and effective cooperation between Russia and Islamic countries. The discussion was going to address the following issues: 1. Development of the Islamic law and Islamic finance in Europe: current situation; 2. Prospects for the formation of the Islamic banking industry in Russia at a time of global change of foreign trade relations; 3. Diversification of banking and competitive advantages for financial institutions in utilizing Islamic financing mechanisms; 4. Challenges of Islamic finance implementation; 5. The Eurasian Economic Union and prospects of Islamic banking in Russia; 6. Mechanisms of attracting public and business funds to the real economy through Islamic financial companies; 7. Examples of Islamic financial and investment products application in various economic sectors; 8. Sovereign sukuk emission by Russian regions.