Russia is set to launch its first-ever Islamic banking pilot program on September 1st, marking a significant shift in its financial landscape. With an estimated Muslim population of up to 25 million, this strategic initiative is aimed at tapping into a growing market and strengthening economic ties with countries that operate under Sharia finance principles. The Islamic banking pilot program has received the official endorsement of Russian President Vladimir Putin, solidified by the signing of a new law on August 4. The two-year pilot program will be concentrated in four Muslim-majority regions: Tatarstan, Bashkortostan, Chechnya, and Dagestan. Unlike conventional finance systems that rely on interest-bearing transactions and debt-based structures, Islamic banking operates under Sharia law, which mandates ethical financial conduct and prohibits usury. About Russia Capital: Moscow Currency: Russian Ruble President: Vladimir Putin
The Phenomenon of inheritance of linked genes in same linkage group is called as
What type of herbicides are designed to control or kill a wide range of weed species?
Which of the following is known as fertilizer tree?
National Centre for Integrated Pest Management (NCIPM) is located at:
Under which scheme subsidy for installing solar pumps being given to farmers?
Which institution took over the role of the Planning Commission in 2014?
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The _______with respect to a given outlet point; represents a geophysical area whose surface runoff passes out through the given outlet point only.
Pebrine is a disease of B. mori:
The Green Manure crop that shows stem nodulation is
