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Russia will launch its first Islamic banking programme as part of a two-year pilot programme on September 1. The pilot programme will take place in four Muslim-majority republics: Tatarstan, Bashkortostan, Chechnya, and Dagestan. Russia has a sizeable Muslim population, estimated to be up to 25 million. Here's why Russia opted for Islamic banking amid war with Ukraine and a tussle with the West. Watch this video. #putin #islamicbanking #west #tussle #financialsystem #russia #muslims #middleeast #arabworld #muslimcountries #investment #tatarstan #bashkortostan #chechnya #dagestan Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.
