Tag Archives | Islamic finance

Iran, Russia Plan to Set Up Joint Islamic Bank

Russian Energy Minister Alexander Novak said Iran and Russia are exploring the possibility of establishing a joint Islamic bank. “The creation of a Russian-Iranian Islamic bank was discussed. Our banks are exploring the mechanism, the related decision has not been made yet,” Novak said on Tuesday at a meeting of the permanent Iranian-Russian intergovernmental commission […]

Islamic Reporting Initiative expands Board of Directors

The foundation for the Islamic Reporting Initiative (IRI) has appointed two new members to its Board of Directors; senior academic Dr Abdel-Aziz Sharabati and the award-winning entrepreneur Ms Amal Daraghmeh-Masri (pictured). Established in December 2015, the foundation has been set up to provide funding for the IRI, which is headquartered in the United Arab Emirates. […]

How Iran Plans to Cover its Budget Deficit

By Navid Kalhor, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Research shows that countries where businesses can easily raise funds in the bond market typically experience comparatively faster and stronger recoveries from a recession. This finding is important for a nascent market at its embryonic […]