Topic cluster

Russia Islamic Finance Expansion

1 source grouped by AFBytes in Economy

AFBytes briefing

The expansion could indirectly affect global energy prices and commodity flows that influence U.S. household energy bills.

What to watch next

Monitor Russian central bank announcements on pilot expansion regions and any new licensing rules.

Economy rt.com · May 16, 2026 02:59 UTC

Russia Expands Islamic Banking Pilot Amid Rising Demand

Russia is preparing to widen its Islamic banking pilot program after Sber reported increased demand for Sharia-compliant products. The move follows earlier limited rollout in select regions. Regulato…