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."

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.

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.

Marat Kashapov

Марат Кашапов Marat Kashapov is the Head of the National Bank of the Republic of Bashkortostan of the Ural Main Branch of the Central Bank of the Russian Federation, Honored Economist of the Republic of Bashkortostan.
Graduated from the economics and law faculties of Bashkir State University, the MBA program "Banks" at the Russian Presidential Academy of National Economy and Public Administration.
He has been working at the Bank of Russia since 1994, he has headed the departments of currency regulation and currency control, banking supervision; in 2013, he headed the National Bank of the Republic of Bashkortostan.
He has experience in teaching courses on international monetary-credit and financial relations, banking, organization of central bank activities, quality management, fundamentals of Islamic finance, and also has scientific publications in relevant fields.
He has been engaged in the issues of Islamic finance since 2010. Since 2015, he has been a member of the Bank of Russia working group on partnership finance, and since 2022 he has been a member of the expert group of the State Duma Committee on Financial Market.
Author of a number of publications, organizer of scientific and practical conferences and round tables in Ufa on the development of Islamic finance in Russia, as well as in the Republic of Bashkortostan.

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.

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.

Magomet Yandiev

Magomet Yandiev Magomet Yandiev is an Associate Professor in the Department of Economics at Moscow State University. He has 15 years of experience as a professor and researcher. His field of professional interest is finance.
Magomet is the author of a number of scientific models. They are available on the SSRN International Library website at
Associate Professor Yandiev has passed advanced training at Bocconi University (Italy), Czech University of Life Sciences (Czech Republic), Al Baraka banking group (Bahrain), World Bank (USA).
He was also head of the Ministry of Economic Development of the Republic of Ingushetia in 2011-2012.

Ilyas Zaripov

Ilyas Zaripov PhD in Economics, Master of Practice in Islamic Finance, Associate Professor. Graduated from INCEIF University under the Central Bank of Malaysia, Kuala Lumpur, with a Diploma of Professional Expert in Islamic Finance and Master of Practice in Islamic Finance. He worked in the Central Bank of the Russian Federation, was Corporate Finance Director of Energy Standard Group, Advisor of the Board of PJSC Bank ZENIT. Since November 2017 - Associate Professor at Plekhanov Russian University of Economics, developer and organizer of a number of advanced training programs on the topic of "Islamic (partnership) finance". Member of the Partnership Banking Working Group of the Central Bank of the Russian Federation. Author of four monographs and 140 publications in specialized economic publications. Published 61 articles on Islamic Finance, including two in English in Malaysia and one in Arabic in Saudi Arabia.

Almaz Abdullin

Almaz Abdullin Abdullin Almaz is a lecturer at BashSU. Graduated from BashSU Institute of Law (Financial Law), Financial University under the Government of the Russian Federation (Financial Management, Banking), University of Wales (MBA). 15 years of banking experience (Head of a bank branch). Participated in implementation of Islamic finance projects in Bashkortostan (Limited liability partnership Khazina-Finance, AF Bank, Vostok Capital Branch of AKB Ellips Bank, etc.). Author of a number of articles on the topic: implementation of Islamic financial (banking) instruments in the territory of the Republic of Bashkortostan.

Iskander Iskhakov

Iskander Iskhakov Iskander Iskhakov is a specialist in the creation and development of Islamic financial projects. He has extensive experience in the development of Islamic financial projects in leadership positions, in particular:
- Creation and development of the product "Islamic mortgage" in "AK BARS" Bank (included in the top 20 banks of Russia in terms of assets). Role - project management as the head of the Islamic banking direction in PJSC "AK BARS" BANK;
- Establishment and development of the Islamic finance company "NUR INVEST". Role - project management as a director;
- Creation and development of the project "Partner Banking Center" at Tatfondbank group (was included in TOP-50 banks of Russia in terms of assets). Role - creation and development of financial products as a director of subsidiary “TР Partnerskiy”;
- Creation and development of the non-profit organization "Center for Development of Islamic Economy and Finance". Role - managing the center as director;
- Creation and development of the Islamic financial company "Masraf" Financial House. Role - creation and development of financial products as development director;
- Development of Islamic finance company "Amal Financial House". Role - development of financial products as development director;
- Creation and development of the Islamic financial company "Yumart-Finance". Role - participation in project management as a managing partner. In addition, Iskander Iskhakov provides consulting services on the development of Islamic financial products in the CIS.

Timur Khaertinov

Timur Khaertinov Representative and partner of Limited Liability Partnership "Nur Invest" in the Moscow region. Graduated with honors from the Academic Law University at the Institute of State and Law of the Russian Academy of Sciences (ISL RAS) with a degree in Jurisprudence (specialization "Business and Financial Law"). Has also completed postgraduate studies at the Institute for State and Law of the Russian Academy of Sciences. Passed additional training in law and finance.
Also studied at the German Law School in the Institute of State Public Law of the Russian Academy of Sciences, and took a course on public international law at the Max Planck Institute in Heidelberg (Germany).
Work experience in the field of law - more than 20 years in state structures and such companies as "Russian Aluminum", "EuroSibenergo", "Russian Utility Systems", Meridian Capital (legal consulting), of which more than 10 years in leadership positions in the core activity.

Ilya Asanov

Ilya Asanov Ilya Asanov was born and lives in the city of Shadrinsk, Kurgan region.
Graduate of the Federal State Educational Institution of Higher Professional Education "Academy of Budget and Treasury of the Ministry of Finance of the Russian Federation", Shadrinsk State Pedagogical Institute in the field/specialty "Organization Management", specialization "Education Management".
In 2021 he received the Master's degree at KFU, direction "Islamic finance", theme of his Master's thesis: "Islamic banking: problems and ways of development".
He has a number of published scientific articles on Islamic finance, certificates and diplomas on passing various courses and for participation in scientific conferences, as well as letters of appreciation.

Rinat Yanturin

Rinat Salavatovich Yanturin is a graduate of the Law Department of Moscow State University (MSU) and has many years of practical experience in legal support and management of financial institutions. He is the author of the first bills aimed at the development of Islamic finance. In 2015, he organized and held a round table in the State Duma: "Alternative Banking in Russia: Prospects and Legislative Initiatives". Actively participated in the activities of the RAEIF working group on the translation and legal adaptation of the AAOIFI Shariah standards and the working group of the Bank of Russia on Islamic banking. At present, he is an advocate of the Moscow Chamber and a member of the Expert Council of the State Duma Committee on Financial Market.

Kamil Batkunov

Kamil Batkunov has been engaged in the development of commission-based products in the banking industry since 2006. In 2008 was at the origins of launching a separate direction of Islamic banking in a traditional bank. Many years of experience in launching and developing financial startups. Co-founder of two Islamic fintech startups since 2021: (Halal stock screener) and (online product installment service). Applicant at Pakistan's AlHuda Center of Islamic Banking & Economics

Selima Salamova

Selima Salamova has been the head of the “Barakat Microcredit Company”, Grozny, since 2012. In 2015 "Barakat" was certified by the Islamic Finance Advisory and Assurance Service (Bahrain) for compliance of the services provided with the requirements of Islamic finance. "Barakat" is a four-time winner of the annual All-Russian competition of socially significant projects implemented by microfinance organizations, held with the information and technical support of the Bank of Russia. The Head of the organization has 3 higher educations (Kazakh State University of International Relations, Almaty; Central European University, Budapest; North Caucasus Academy of Public Service, Rostov), and is a Certified Expert in Islamic Microfinance (Frankfurt School of Finance and Management). She has been working in microfinance since 2001 and has co-authored numerous publications on microfinance for the United Nations Development Program in Kazakhstan and Russia.

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.

Ramil Batyrshin

Ramil Batyrshin graduated from Kazan Islamic University. Additional education (advanced training courses): Islamic Finance: (BIBF, ISABEL, DUBAI ISLAMIC ECONOMY DEVELOPMENT CENTRE). "Modern Issues of Islamic Law (muamalat)" Russian Islamic University. Fundamentals of Anti-Corruption (TIPKA).
Member of the working group on partner financing at the Bank of Russia.
Coordinator of the project "Installments for apartments according to Sharia" ZHNK "Housing Traditions".
Head of the Beit consulting company.
Has practical experience in the development and implementation of Islamic financial products.

Gabdurakhman Galyautdinov

Gabdurakhman Galyautdinov graduated from the doctoral program at Umm al-Qura University, Faculty of Islamic Law, defended his doctoral thesis on the topic “Conditions that are mandatory by default in monetary relations” (2020); KFU, Institute of Management, Economics and Finance (Faculty of Islamic Finance – Master’s degree) ( 2021)
In 2018 – received an international certificate in Sharia audit (СSAA) from the organization of accounting and auditing (AAOIFI), completed a number of advanced training courses at the Russian Islamic Institute (Kazan).
Place of work: DUMRT (Religious Board of Muslims of the Republic of Tatarstan), Sarmanvoskiy mukhtasibat. Imam of the Barakat Mosque.

Rasim Billaev

Since 2015, he has been managing the trustee partnership “Marsaf” and Company” (Makhachkala, Republic of Dagestan). The company is engaged in Islamic banking. From 2013 to 2015, he worked as the head of the customer service department. In 2013, he received the Qualified Islamic Banker certificate LBA / Al Maali Training and Consultancy Dubai. In 2007 he graduated from the Faculty of Finance and Economics of DSU with a degree in Finance and Credit.

Khurshed Mirakilov

is an experienced professional with over twenty years of expertise in project management and consulting with innovative financial and banking integration processes and reforms (Central banks) in Central Asian. He has a proven track record of managing multiple projects in collaboration with prominent international organizations and financial institutions, including Overseas Strategic Consulting (USA), the German International Organization (GIZ), and the Islamic Corporation for the Development of the Private Sector (ICD), Islamic Development Bank. Based on Islamic finance principles, he currently active as a IF Coordinator between financial institutions (TJ) and the Islamic Development Bank (IsDB), analysing their operational procedures and agreements with the Ministry of Finance of Tajikistan. He was involved as a Conversion Manager and SB member of Islamic bank Tawhidbank, MDO Humo (consultant), MDO Sanduk , Amanat Advisory (KG) etc. His collaboration with financial sectors in Tajikistan and Malaysia has fostered the exchange of experiences, best practices, and training opportunities. As a result, the National Bank of Tajikistan became the first observer member of the Islamic Financial Services Board (IFSB) among CIS countries in 2010, leading to the successful adoption of legal and regulatory frameworks for the Islamic finance industry. Practical Study: JSC EcoIslamicbank (KG), Alhilalbank (KZ), Bank Negara (Malaysia),Maybank (Malaysia) etc. He studied in INCEIF - CIFP(Malaysia), Tajik National University (finance and credit). Speakers in conferences and forums related with IBF, published numbers of articles.

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