Four dead, 29 in hospital after London attacks — policeWorld March 23, 11:36
Russia ready to discuss further reduction of nuclear capacities — LavrovRussian Politics & Diplomacy March 23, 10:51
Russia’s FSB cuts off weapons supplies from US via postal servicesRussian Politics & Diplomacy March 23, 10:18
Russian singer barred from Eurovision believes she still has chancesSociety & Culture March 23, 8:41
Chain of explosions reported from ammunition depot in northeastern UkraineWorld March 23, 8:15
Number of deaths in London terror attack rises to fourWorld March 23, 4:46
Putin proposes extending term of Russia's Central Bank chiefBusiness & Economy March 22, 21:49
Mayor says investigation into London attack is underwayWorld March 22, 21:16
Ukrainian radicals urge Poroshenko to nationalize Russian banks’ subsidiariesBusiness & Economy March 22, 20:51
GROZNYY, January 28. /TASS/. An agreement has been reached in Groznyy (the capital of Russia's Chechen Republic) to open an Islamic bank in the republic, Chechen leader Ramzan Kadyrov said on Thursday.
"Executives of Mazkorp company Hilal Suhail Hilal Rashid Al Mazrouei and Wael Saab came from the UAE. We discussed the task of opening the Islamic bank in Groznyy. The issue was worked out preliminarily. We agreed to start implementing the project at the meeting," Kadyrov wrote on his page in Instagram.
Opening of the bank is of enormous value for the republic, Kadyrov said. Large properties are under development in Chechnya with participation of capital from the UAE. "Absence of Islamic banks is the only obstacle," the leader of Chechnya said.
The decision was also made at the meeting with the management of Mazkorp on shareholding participation in development of Magnus-Groznyy pharmaceutical cluster to start next year and on investment into construction of Ahmat-Tower multifunctional high-rise property in the capital of Chechnya.
Islamic banking implies banking operations in accordance with religious norms of Islam. In particular, interest on loans and financial speculations are banned.