On 22 April Prof. H. Nizam, Deputy Secretary General of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Bahrain, visited the Financial University.
During the visit the parties discussed issues of joint research of problems and prospects of using experience of Islamic financial institutions under the conditions of creating International financial hub in Moscow by the Chair of International Monetary and Financial Relations and AAOIFI.
Special attention was devoted to consideration of the draft Law meant to create conditions for partnership of financial institutions on the territory of the Russian Federation.
Prof. M. Eskindarov, Rector of the Financial University, and Prof. H. Nizam have signed a Memorandum of Understanding specifying main lines of cooperation: implementation of joint research and educational programs, joint publications, exchange of information, holding scientific conferences to promote international economic cooperation etc.
The parties considered prospects of AAOIFI participation in scientific and practical Conference to be held in Moscow in October 2011. The aim of the Conference is to attract attention of Russian state and private institutions to the possibility of implementing investment projects of mutual interest in compliance with ethical norms of Islamic financing that don’t violate Russian legislation.