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"Alberto G Brugnoni shares his opinion on prospects for the development of Islamic finance in Russia", 1 November 2010 - Reflections on the work undertaken by the Russian Federation in the development of Islamic finance

1) Does the Russian market really need Islamic finance? Yes, it does. According to the Ministry of Foreign Affairs there are approximately 20 million Muslims in the Russian Federation though other sources estimate that Russia could have as much as 26 million Muslims, including Azeri and Central Asian migrants

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