Halal conference on June 26th

The 2nd International Islamic Business and Finance Summit (KAZANSUMMIT 2010), an important event for the development of the dialogue between Russian and Muslim World, is to take place at the end of June in Kazan, the capital of Tatarstan. The novelty of the summit is the International Trade Fair KAZANHALAL 2010. Starting on June 26, it will be held in conjunction with the summit.

As many as 100 Halal manufacturers will exhibit their baked and meat products, clothes, pharmaceuticals, personal hygiene products, equipment, printed materials, etc. The organizers of the Trade Fair: Islamic Business and Finance Development Foundation, Linova-MEDIA, and Non-Commercial Partnership of Muslim Entrepreneurs “Tarkhan” — believe that all the visitors of the fair will get a clear view of Halal products and services, and realize that there are a lot more Halal products than just meat and sausages.

The truth is that the industry of Sharia-compliant products is diversified. However, because of the underdevelopment of the Russian Halal market, many Halal products are poorly represented in Russia, or not represented at all.

At the Trade Fair all visitors will be able to purchase any show pieces, taste Halal food products, sample eco-friendly Halal cosmetics, and enjoy a good time.

KAZANHALAL 2010 is a good platform for businessmen from all over the world to share their ideas, learn the peculiarities of foreign Halal markets, and participate in creating new market segment in Russia, which is estimated as much as millions of dollars.

A few days before KAZANSUMMIT 2010

2nd International Islamic Business and Finance Summit (KAZANSUMMIT 2010) will take place in Kazan on June 27-29, 2010. Its mission is to facilitate the promotion of Sharia-compliant economic and financial relationships between business communities of Russia and the Muslim World.

The event is for the second time to take place in Kazan, the capital of Tatarstan. As many as 500 participants from all over the world will attend the summit; and among key speakers are: Rustam Minnikhanov, the President of the Republic of Tatarstan; Tun Dr. Mahathir Mohamad, Chairman of GAPID and former Prime-Minister of Malaysia; Lord Nazir Ahmed and Lord Mohamed Iltaf Sheikh, the Members of the House of Lords; Ambassador Nabika Diallo, the Adviser to H.E. Secretary General of the OIC; Khaled M. Al-Aboodi, CEO & General Manager of the Islamic Corporation for the Development of the Private Sector (Islamic Development Bank Group) and government bodies, businessmen, representatives of Islamic financial institutions.

Not only the list of participants is impressive, but the format of the summit is quite new as well.

The summit agenda includes Pre-summit seminar for consulting and legal companies, Round Table on Muslim Philanthropy (June 27); Strategic forum and Round table on innovation policy (June 28); Investment forum, Islamic economics and finance conference, and a range of business meetings and presentations (June 29). Moreover, the Innovation and investment exhibition will be held for the two days. Its participants will have an opportunity to present their services and products to Russian and foreign investors, and introduce themselves to their colleagues, partners, and mass media representatives. The largest Russian Trade Fair of Halal products and services (KAZANHALAL 2010) is to take place in conjunction with the summit as well. All the events of KAZANSUMMIT will be widely covered by numerous mass media agencies.

According to Linar Yakupov, the President of IBFD Foundation and founder of KAZANSUMMIT, the upcoming event is expected to be more fruitful as compared to the first one. «We can speak about important results of KAZANSUMMIT 2009, such as initiation of the establishment of the Tatarstan International Investment Company (TIIC). The offices of TIIC and Kazan Halal Hub are to be opened during KAZANSUMMIT 2010. Both projects should become important links in the Russian Halal market infrastructure», Mr. Yakupov adds.

The main aims of KAZANSUMMIT 2010 is to identify strategic development prospects of international economic relationships between Russia and Muslim countries; to develop ethical business and finance in the CIS, and attract direct investments to Russian regions. Moreover, one of the main objectives of the summit is to promote Islamic investments as a resource for the innovation-based development of Russia, and to study the experience of the regions comfortable for ethical business projects. Ethical business is actively exercised in many Western and Asian countries, and recognized by Muslim as well as non-Muslim population.