Russian efforts to attract investments from Bahrain and the countries of “Islamic cooperation”

The Russian Federation is seeking to attract investments from Bahrain and the countries of the Islamic world, after it showed an experience on successfully financing the partnership in the regions of the Russian Federation conducted in 2023 new mechanisms to attract investments, and now the Federation is planning to expand the experience and extend it until the fall of 2028.

In early 2025, it became known for the plans of the Russian Parliament to extend the experiment for another three years, as well as expand the permissible legitimate operations list, including the possibility of mutual insurance of property interests. The changes would increase the attractiveness of partner financing tools, including for investors from the Islamic Cooperation Organization, which includes Bahrain.

The expected amount of investments in Russian projects is estimated in the form of Islamic financing at more than 10 billion dollars. In the next two years, experts expect a ten -fold increase in this field.

In order to develop a new investment market in the regions of the Russian Federation, the training of specialists in financing, lawyers and managers has been strengthened, while employees are trained in cooperation and according to Ayoufi standards, which are the Accounting and Review Organization for Islamic organizations based in Bahrain.

The commission aims to preserve and enhance Islamic financial institutions for Islamic financial institutions. This work is increasing today in Russia, and it is already being prepared for the launch of a completely permissible investment platform, and it will be compatible with the Ayofi standards, and is managed by Islamic financing experts.

The project is being implemented in conjunction with two Arab institutions, and it is scheduled to be fully launched in May 2025, and the project aims to fund promising startups in Russia and the Association of Independent Countries, so that investors can obtain a share of future profits in accordance with the principles of Islamic Sharia, and companies will be able to attract investments and issue the Islamic equivalent of bond bonds.

The association is scheduled to hold an international conference in Russia on the topic of “Islamic financing and investment … enhancing sustainable development and global partnership” within the framework of the Kazan 2025 forum, and the development of Islamic financing will be positive for trade as well.

The volume of trade exchange between Russia and the countries of the Islamic world for a period of 9 months of 2024 amounted to 106 billion dollars, an increase of 40% throughout the year for the Russian region of Tatarstan, where the experience of using Islamic financing was more active and successful, and this region is supposed to become a bridge between Russia and the Islamic Cooperation Organization.

During the opening of the training program on the financing of the partnership in Kazan, the capital of the Republic of Tatarstan, which was held last February, the Secretary -General of the General Council of Banks and Islamic Financial Institutions Abdullah Blatik said: “Over the past two years or three years, sales numbers have not only rose, but the number of transactions between Russia and the Islamic Cooperation Organization, which are Turkey, the Emirates, and the Arab Gulf states, in addition to Malaysia and Indonesia, may also lead to more development Islamic financing in the Russian Federation in the near future to raise economic relations with the global southern countries to a new level. The Sixteenth International Economic Forum (Russia – the Islamic World: Kazan Forum »2025 to be held in Kazan next May, will witness the development of joint projects in the field of Islamic finance, as the forum is the main platform for trade cooperation between Russia and the global south countries – the Islamic world.