Islamic Business and Finance Development Fund (Ibfd Fund)

nonprofit fund for the development of islamic business and finance (ibfd fund) was founded in 2009 following the results of the first kazansummit - international islamic business and finance summit. ibfd fund was created to encourage the development of bilateral economic and business relationships between russia and the organization of islamic cooperation member countries, to strengthen russian and tatarstans relations with the islamic world. ibfd fund is the main organizer of kazansummit, now it is named as international economic summit of russia and the oic countries. ibfd fund's core activities include the development of islamic business and finance in russia, educational and training courses on islamic banking and finance, organizing international business events. all three directions are closely interrelated and supplement each other.