Russia to adopt Islamic banking practices in response to western sanctions

The experimental pilot plan to implement Islamic financial practices in the country's Muslim-majority regions will, if approved, begin in February 2023.

Clergymen get ready for a prayer marking the Muslim festival of Eid al-Adha, while maintaining social distance amid the coronavirus disease (COVID-19) outbreak, in Moscow's grand mosque in Russia July 31, 2020.

(photo credit: SHAMIL ZHUMATOV / REUTERS)

ByMAYA ZANGER-NADIS

SEPTEMBER 23, 2022 10:22

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