IslamicFinance.de

Sberbank of Russia (SBR) has signed a Memorandum of Understanding (MOU) with the Islamic Corporation for the Development of the Private Sector (ICD) to help the bank’s clients access Islamic finance products. ICD senior regional manager Samir Taghiyev said the MoU would reinforce SBR efforts to develop Russia as a strong hub. He added that the ICD would help share its knowledge to develop the corporate, retail and private banking as well as the training needed. The MoU was signed by Okan Altasli, the Director of Regional offices at ICD and Oleg V Ganeev, Deputy Chairman of SBR. The document was signed on the sidelines of the 1st Russian Islamic Economy Forum co-organized by ICD, IAIB, Sberbank, KPMG and Thiqah in Moscow.