Experts

Alexander Kazakov

Александр Казаков Alexander Alexandrovich Kazakov has been Managing Director for Investment Structuring of Avtodor-Invest since 2018. He has more than 12 years of experience in structuring financial transactions and supporting projects in structuring teams of major Russian banks and international financial organizations. Prior to that, he headed the legal department of Agency for housing mortgage lending (now DOM.RF), worked in law firms in the field of securitization, mortgage lending and securities. He has considerable experience in federal legislation drafting. In Avtodor-Invest he manages project teams for investment structuring and consulting support for long-term investment agreements and concessions. The projects are accompanied both in the interests of the Avtodor State Company and in the interests of third-party customers. Education: He received a Master's degree in Private Law (with honors) from the Russian School of Private Law and LL.M. in International Business Law from Leiden University (Netherlands). Alexander graduated from the Faculty of International Law of the Moscow State Institute of International Relations (MGIMO (U), Ministry of Foreign Affairs of the Russian Federation). He speaks English and German.




Rustam Vahitov

Rustam Vahitov Mr. Rustam Vahitov is a specialist in the area of international taxation. Prior to joining to Pepeliaev, Goltsblat & Partners Company Rustam worked in legal and consulting companies in Russia, the Netherlands and Luxembourg, in dealing with international taxation since 2002.
Specialization of Mr. Rustam Vahitov is tax structuring and consulting with the Benelux countries and the support of transactions with financial instruments. Rustam is the head of the section of international tax relations Scientific Expert Council of the Russian Chamber of Tax Advisors.
Mr. Rustam Vahitov fluent in English, Dutch and German, and is the author of numerous publications on international taxation and tax planning.




Madina Kalimullina

Мадина Калимуллина

Mrs.Madina Kalimullina is PhD in Economics, executive secretary and member of the RAIEF coordination council. Since 2018 - Senior Researcher, HSE-Skolkovo Institute for Law and Development. In 2011 - 2015, director of Economic Department of Russia muftis Council.
Internships on Islamic Finance: JSC "Ecobank" (Kyrgyzstan), Al Baraka Banking Group (Bahrain), Bank Muamalat Indonesia (Indonesia), and others.
Speeches at conferences: Islamic Finance Conference (section dedicated to the Russian market, London, 2011), Halal Middle East (Pakistan, 2011), All-Russian Muslim meeting (2013), Expo Halal International II (Meknes, Morocco, 2013), Russian-Moroccan Business Forum (Casablanca, Morocco, 2013), and others.
Madina studied at MGIMO (U) of the MFA of Russia. In 2011 she graduated postgraduate study of the Financial University under the Government of the Russian Federation in "Microeconomics". Thesis - "Institutional features of Islamic business: experience and problems."





Bulat Mulyukov

Bulat Mulyukov Mr. Bulat Mulyukov is certified Sharia expert to monitor the activities of Islamic Financial Institutions AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions - Manama, Bahrain).
Bachelor of Faculty of Islamic Law of University of Muhammad bin Saud, Riyadh, Saudi Arabia; graduate of "Nurul Islam" madrasah (the Republic of Bashkortostan).
Mr. Bulat Mulyukov has extensive experience in the organization and control of Sharia expertise in Islamic financial institutions in Russia. Since 2013 he is Chairman of Centre for Islamic Economics and Finance Development (CIEFD).






Murad Aliskerov

Мурад Алискеров Since 2008, Murad was engaged in the development of Islamic banking in OAO AKB "EXPRESS", where he served as director of the sector for the development of Islamic banking. Mechanism for certification of traditional banking services in compliance with the Sheriah was created. Was in charge of the first release of the "Hayat" card for financing individuals, as well as operating of "Mudarib" office. Murad was the head of the office until 2010.
In 2011, the company was established TNV "LyaRiba Finance", regardless of which bank is developing elements of Islamic finance in Russia. Member of the Editorial Board of translations AAOIFI standards.
Member of the organizing committee of the exhibition "Caspian Halal Expo"
Held practice in the Indonesian Bank Muamalat, as well as the bank Al Radjhi in Saudi Arabia.
Member of the working group on adaptation of elements of Islamic economics to business projects implemented in the territory of the Republic of Dagestan




Irina Horoshilova

Irina Horoshilova Specialist in management accounting, budgeting and financial analysis. She has 20 years of experience in organizing and managing financial departments as the head of department. In 2010 she graduated from the courses on Islamic finance in MIRBIS.
Member of the Editorial Board of translations of standards of AAOIFI. She participated in the analysis of business plans provided for investment session of Moscow International Halal Exhibition in 2011 and 2013. Member of RAEIF since 2010.






Aysylu Yakusheva

Aysylu Yakusheva graduated Kazan State University with major Financial Management, awarded MSc Investment and Risk managment with focus on Islamic financial markets in University of East London (London UK), during the period of study in UK has researched in Financial AUthourity (London) regulatory methods of control islamic financial institutions in UK. In 2012 held training course in Investment department of ALbaraka Bank (Manama, Bahrain). Aysylu has more than 10 years experience in investment banking, currently held position Head of Firegn Debt Capital markets in one of TOP-20 Russian Banks.








Ruslan Sabirzyanov

Ruslan Sabirzyanov Currently, Ruslan Sabirzyanov is a New Countries Shari’a Coordination Officer in the Shari’a Division at the Abu Dhabi Islamic Bank (ADIB), Abu Dhabi, UAE. He has the following additional work experience:
  • - Research Assistant at the International Shari’ah Research Academy for Islamic Finance (ISRA), Kuala Lumpur, Malaysia
  • - Research Assistant at the IIUM Institute of Islamic Banking and Finance (IIiBF), Kuala Lumpur, Malaysia
  • - Deputy Rector (Student Affairs) at the Russian Islamic University, Kazan, Russia
  • - Assistant Lecturer, Department of Religious Studies at the Russian Islamic University, Kazan, Russia
He holds several professional qualifications, including:
  • - Certified Shari’a Adviser and Auditor (CSAA), Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Manama, Bahrain
  • - Certified Islamic Professional Accountant (CIPA), Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Manama, Bahrain
  • - Islamic Finance Qualification (IFQ), Chartered Institute for Securities & Investment (CISI), London, UK




Kamila Khairetdinova

Kamila Khairetdinova Certified Shariah Adviser and Auditor (CSAA AAOIFI - Bahrain). MSc in Islamic finance (INCEIF - Kuala Lumpur). Specialized in securities: Financial university under the Government of Russian Federation: BCs Financial markets and financial engineering. Working experience in Moscow Exchange, International valuation company Swiss Appraisal (Moscow). Specialist in Russian Center of Islamic Economics and Finance (RCIEF - Kazan). Managing partner in Yusuf Consulting (Kazan).








Tazbaev Alkhazur

Tazbaev Alkhazur Tazbaev Alkhazur is an independent Sharia advisor and auditor. He is a CSAA, Certified Shariah Advisor and Auditor from AAOIFI. He is also a certified specialist in a number of professional certificates of Executive Professional Master in Islamic Finance, CIBAFI (Bahrain): Certified Islamic Banker, Capital Markets, Shariah Audit, Financial Accounting, Risk Management, and Trade Finance. He holds a bachelor's degree in Sharia (Medina) and a graduate diploma in Islamic studies (Cairo). He studied jurisprudence and law. He is engaged in research in the field of Islamic finance and is interested in FinTech. Along with membership in RAEIF, he is a member of the Egyptian Association of Islamic Finance, as well as a member of the Editorial Board on the translation of Shariah standards into Russian.







Hondamir Nusratkhujaev

Hondamir Nusratkhujaev Hondamir Nusratkhujaev has 15+ years of BIG 4 auditing and advisory experience in different countries (1997-2013). Since 2013, Hondamir has worked in IsDB as head of financial control in charge of the financial and management reporting under AAOIFI and IFRS, internal controls and financial analysis of the Bank and its Funds. He is also involved in sukuk issuances and international rating exercises. Since 2016, he has been Board member of the Accounting Board of AAOIFI. He is directly involved in developing and revising Financial Accounting Standards for the global Islamic Finance Industry. He is qualified ACCA (2001) and CIPA (AAOIFI) certified. He also regularly publishes articles on Islamic finance in international journals and publications. Hondamir is official correspondent for IFN journal. He is one of the first active promoters and contributors of Islamic finance in Uzbekistan. He runs Islamic finance awareness telegram channels (circa 9,000+ subscribers), consults entrepreneurs, businesses and financial institutions on various islamic finance matters. He also speaks at various platforms on Islamic Finance and Banking and holds webinars for the Central Asian bankers, businessmen and academia. He is also an advisor to the first Central Asian e-murabaha platform “Iman” (Tashkent, Uzbekistan) and Amanah advisors (London, UK).





Ahmed Arsaev

Ahmed Arsaev Akhmed Arsaev is the financial director of the Zayed Fund for Entrepreneurship and Innovation, LLC, which finances small businesses in the Chechen Republic in accordance with Islam. Member of ACCA (Association of Chartered Certified Accountants). Graduated from REU G.V. Plekhanov with a degree in National Economy, specialization in Investments.








Nailya Yalalova

Nailya Yalalova Nailya Yalalova is a Head of Islamic Finance at Islamic Business and Finance Development Fund. She has graduated from INCEIF, Malaysia with Master Degree in Islamic Finance Practices.











Renat Edikhanov

Ренат Едиханов Since 2010 is financial director of Amal Financial house group, which is the first structure in Russia that provides services in the financial market in accordance with the requirements of the Sharia law.
In 2017, developed and implemented the first sukuk issuance in Russia. The issue was of a technical nature. It was implemented in the sukuk-al-Mudaraba format.
Graduated from Kazan State Financial And Economic Institute. Specialty: Finance and Credit. Specialization: securities Market, stock exchange business. Qualification: Economist.
Has qualification certificates of the Central Bank of the Russian Federation series 1.0, 4.0, 5.0.



Kuralay Yeldesbay

Kuralay Yeldesbay Chairwomen of Association of Islamic Finance Professionals. (Kazakhstan). She was founder and CEO of first Islamic insurance company in CIS “Takaful”. Kuralay is Bolashak program scholarship holder, conducted internship in UK in the filed of Islamic Finance in 2018. She is co-author of the textbook "Islamic finance: theory, practice, regulatory issues" published in 2016. Has more than 50 speeches and publications in the media, as well as at international conferences. Was granted by certifications of FAA (ToT), BIBF, CISI on Islamic Finance. Senior Associate in Astana Finance Services Authority. Previous worked in Islamic finance department of AIFC Authority. Mrs. Yeldesbay is lecturer for Islamic finance course in BCPD of AIFC. Was recognized among 50 most influential women in Islamic Finance (by Cambridge IF Analytica, UK 2017, 2018, 2019, 2020 years). Kuralay is licensed actuary and has wide experience in insurance and actuarial practice including regulation.








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