Head of Press
VTB Capital was a supporting partner at the 3rd International Islamic Business and Finance Summit KAZANSUMMIT 2011, in Kazan on the 20-21th June.
The key objectives of KAZANSUMMIT 2011 are to establish international economic relationships between Russia and Muslim countries; to develop cooperation in the sphere of direct investments; to help strengthen relationship between entrepreneurs from Russia, CIS, South-Eastern Asia and Middle East.
The level of the Summit has increased significantly, this was reflected by the diversified range of the participants and their higher status as well as by the ever increasing number of events’ partners.
Zaid Maleh, Director, Global Banking Middle East & Africa at VTB Capital made a presentation “Islamic Finance: Evolving Global Opportunity”. This event is the latest in a series of steps by VTB Capital to embrace Islamic Finance in Russia which began when the bank was amongst the first Russian investment companies to develop the topic of Islamic finance in Russia and the CIS.
It is the second conference on Islamic finance VTB Capital took part in 2011. Earlier this year VTB Capital acted as co-sponsor on the Kazan Sukuk Summit 2011, which focused on the prospects of Islamic Investment Certificates known as Sukuk as a tool for developing regional infrastructure and the ways in which Sukuk can be used in a modern context.