«There are initiators who say that targeted changes in laws are needed in order to stimulate the flow of Islamic finance — from the UAE, from other Islamic countries. For this purpose it was decided to create a working group that will study the possibility of using Islamic financing instruments», - said Anatoly Aksakov, Member of the State Duma of the Russian Federation, Chairman of the Committee on Financial Market.

According to Mr. Aksakov, in order to facilitate the introduction of such instruments into the legal field, a number of deputies propose in the legislation, possibly in the law «On Investment Funds», to set aside a special section on prohibitions and permits, and to prescribe in it the possibility of using so-called alternative finance.

Source: Parliament Newspaper