Islamic Finance 2016: annual results for Russian market
“We are considered as reliable, sound and long-term partners”
poll of the month
Relations strengthen between Central Bank of Russia and Islamic Development Bank
On 5-6 March the Russian delegation led by Alexander Torshin, official secretary of the Central Bank of Russia, visited the head office of the Islamic Development Bank in Jeddah (the Kingdom of Saudi Arabia). This was reported at the official web-site of the Central Bank of Russia. The delegation included the representatives of the Bank of Russia, the State Duma of the Federal Assembly of Russian Federation, GK Vneshekonombank, PAO Sberbank, PAO Moskovskaya Birzha (Moscow Exchange), which also form a part of the working group of the Central Bank of Russia on partnership banking.
During the visit the delegates consulted the management of the IDB group regarding implementation of the Memorandum of Understanding signed between the Bank of Russia and the IDB group last May.
After negotiations and consultations the parties agreed “that the IDB group will prepare suggestions related to educational program for Russian experts aimed at raising their competence in the field of partnership banking”, — says the website of the Bank of Russia.
In October 2016 after the resignation of DR Muhammad Ali Al-Madani, Dr Bandar Hajjar became the IDB President.
Photo: Central Bank of Russia