Economic Department of Russia Muftis Council, represented by its head Madina Emirovna Kalimullina, and the Committee for Development of Islamic Economy of the Spiritual Administration of Muslims of Kyrgyzstan, city of Bishkek, represented by its chairman Talant Kaldarovich Kerimbaev, signed a Memorandum of Cooperation within the framework of IV International Exhibition “Moscow Halal Expo” on June 16, 2013.

The primary objective of the signed document is promotion of economic cooperation in the sphere of Islamic finances and further development of mutual relations.

The parties expressed their readiness to cooperate, outline and develop joint Islamic financial projects, promote exchange of experience and information for carrying out these projects.

Economic Department of Russia Muftis Council and the Committee for Development of Islamic Economy of the Spiritual Administration of Muslims of Kyrgyzstan will work together on creating common ground for interaction between Muslims of Kyrgyzstan and Russia, developing halal industry in the two states and establishing business relations with the countries of Muslim world.

According to the document, the parties intend to carry out active exchange of experience in the field of small and medium-sized businesses and assist them in taking more active part in economic development programs, implementing investment projects in the field of Islamic economy, finance and banking industry and its functioning. The Memorandum was signed within the framework of IV International Exhibition “Moscow Halal Expo” on June 16, 2013.

RMC press service based on materials from halalexpo.org