Gold as an Alternative to Savings in Foreign Currency

Gold as an Alternative to Savings in Foreign Currency Gold beckons people again like never before. Why? It’s very simple. “It is gold that guarantees the safety of funds during hostilities, high inflation and a general increase in uncertainty. Gold in its physical form is an ideal investment asset in the current environment,” Oksana Lukichyova, commodity market analyst at Otkrytie Investments, told Capital…

Friendship Is Friendship, but Money Is Different?

Friendship Is Friendship, but Money Is Different? Renowned Russian sinologist Andrei Onikienko tells about how Moscow and Beijing can shift to mutual settlements in their national currencies   The exclusion of many Russian banks from the international SWIFT payment system is certainly a blow, and a serious blow. Moscow is now looking for a solution to the difficult situation which has appeared. One possibility…

Islamic Banking: Interest-free and halal

Islamic Banking: Interest-free and halal In an interview with Capital Ideas, Svetlana Babenkova, PhD, Senior Researcher at the Center for Arab and Islamic Studies at the Institute of Oriental Studies of the Russian Academy of Sciences, Certified Specialist in Islamic Finance (PCIF INCEIF), member of the Russian Council on Islamic Finance, tells what Islamic banking is.   Today in Russia people are increasingly…