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14.09.2023
CENTRAL BANK HAS REGULATED THE MAINTENANCE OF A REGISTER OF PARTICIPANTS IN THE ISLAMIC BANKING EXPERIMENT

From September 1, 2023, an experiment in Islamic banking is being conducted in Chechnya, Dagestan, Bashkiria and Tatarstan. Banks receive profit from investments within its framework. It is prohibited to pay interest. 

The issues of maintaining a register of experiment participants have been resolved. In particular, the documents attached to the application for inclusion in the register, the procedure for notifying the decision on the application, the rules for maintaining the register and the list of information contained in it, the form and rules for providing extracts are determined.

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