President of Tatarstan received the award for the development of Islamic Economics

© RIA Novosti / Maxim to Aminopherase in Photobacterium of the Republic of Tatarstan Rustam Minnikhanov. Archival photo<img src="/wp-content/uploads/sites/5/2018/10/b48c5ecc6970d2f2afeb3e6ee812749d.jpg" alt="President of Tatarstan received the award for the development of Islamic Economics" />© RIA Novosti / Maxim to Aminopherase the image Bank

President of Tatarstan Rustam Minnikhanov awarded a special award for the development of the Islamic economy award Islamic Economy Award, said his press service.

Minnikhanov is on working trip in Dubai (United Arab Emirates), where he participated in the activities of Global Islamic economic summit (the Global Islamic Economy Summit). GIES — one of the biggest events of the Islamic economy and Halal industry. The forum brings together leading experts from different industries. This year is attended by about 3 thousand delegates from around the world.

«The Global Islamic economic summit in Dubai, the President of the Republic of Tatarstan Rustam Minnikhanov was awarded a special award for the development of Islamic Economics. The award was presented by crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid al Maktoum», — stated in the message.

Award Islamic Economy Award established by the Dubai centre for development of Islamic economy in 2013. The award is given for business initiatives and innovative ideas that make a significant contribution to the socio-economic welfare of the Muslim population. Initiatives and ideas need to strengthen bilateral trade and investment relations between the Islamic countries and establishing closer economic ties with the rest of the world is to promote prosperity, harmony and well-being.

According to information a press-services, also at the summit Minnikhanov met with Minister of economy of the UAE Sultan bin Saeed al Mansouri, with whom he discussed issues of trade-economic cooperation between Tatarstan and the UAE in the framework of the Russian-Emirati relations.

Minnikhanov told about projects in the field of Islamic banking, implemented on the territory of the Republic. In particular, reported about the work on creation in Tatarstan of the Russian center of Islamic economy. The project is implemented in cooperation with Sberbank of Russia. According to Tatarstan President, the center will contribute to the wider development of the principles of Islamic economy in the country.

Previously, the government of the Republic of Tatarstan reported that the new Russian centre of Islamic economy will work in such areas as directly to the Islamic economy and Halal medicine, tourism, food, IT. The founders of the center are the government of Tatarstan and the savings Bank, currently considering the issue of legal-legal forms of the new structure, calculated the total cost of the project. At the centre of the Islamic economy is expected action certification centre, which will be certified according to international standards and can issue the appropriate permits for export to Islamic countries.

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