In times of financial crisis there is an alternative banking system, which has proved to be more stable, than the traditional, Western banking system. I mean - the Islamic banking. The financial systems in the Islamic countries, even in those, who were formerly Soviet republics - like Kazakhstan - are a real alternative, while the Russian business and science lacks necessary knowledge to adapt its finance to the severe conditions of the crisis.
Video clip is discussing this issue with the guests the Head of the Russian Islamic Committee Geidar Jemal and Financial analyst Sergey Aleksashenko.
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