Russia to tap Islamic finance to help meet $1 trillion infrastructure bill

Representatives of infrastructure projects in Russia and the Commonwealth of Independent States (CIS) are scouring Asia and the Middle East to secure financing for up to $1 trillion of funding required by 2020, according to a senior official at Russian investment bank VTB Capital. This will include efforts to raise funds in forms that comply with Islamic law.

Speaking on the sidelines of this week's Global Islamic Finance Forum held in Kuala Lumpur, Masroor Haq, VTB Capital's head of Middle East