Russia’s latest legislative measures have laid the groundwork for experimental zones in specific regions. According to Interfax, these trials will last two years, granting banks permission to introduce products aligned with Shariah principles. This legal framework is a significant milestone, showing that government bodies see potential in diversifying financial instruments. By prohibiting riba (usury), Islamic […]
The Islamic Dow Jones Index emerged in response to a rising demand for Sharia-compliant investment opportunities. It filters companies based on Islamic principles, excluding sectors like alcohol, gambling, and interest-based finance. This index has become a global benchmark for ethical investors seeking to merge financial growth with religious guidelines. Since its inception, it has been […]