Kazan, 15 May 2025

Within the framework of the International Economic Forum “Russia – Islamic World”, a session titled “Prerequisites for Creating a Global Islamic Ecosystem” was held, organized by AAOIFI — the Accounting and Auditing Organization for Islamic Financial Institutions. The session was moderated by Behnam Gurban-Zade, Managing Director at PJSC Sberbank.

Among the key speakers was Ahmed Azimov, Chairman of the Russia–Algeria Business Council. In his remarks, he underlined that Russia’s engagement in the development of the Islamic ecosystem is not only a contribution to international cooperation, but also a strategic opportunity: preferential access to new markets, investments, and technologies. This strengthens Russia’s role and relevance within the Islamic world.

He also noted that one of the key priorities today is not only the standardization of Islamic finance, but the establishment of a coordination platform that brings together governments, financial institutions, investors, and Shariah experts. According to Azimov, Russia — with its strong credibility in the Islamic world, advanced technological and intellectual potential — is well-positioned to make a meaningful contribution to the formation of a sustainable architecture for Islamic economics: from digital solutions and infrastructure to effective coordination models and intergovernmental cooperation.

RABC Information Service