With the development of the Russian halal market the question of financial and investment cooperation with Muslim countries becomes increasingly important. The most advantageous partners are the GCC countries with their developed Islamic banking system. The first banks in these countries were opened in 1970-s, but the banking laws appeared much later. Currently the banks or the GCC countries are recognized as some of the biggest financial institutions in the world.
One of these countries is Qatar, which is considered one of the leading countries in the world in terms of GDP per capita. In 2014 this figure exceeded USD 140,000, whereas in Russia it was approximately USD 24,000. The list of the biggest banks in the world includes the Qatar Islamic Bank, which has become a leading investor in many markets, including the European Union.
All these facts prove that Qatar can be considered a reliable and promising partner for investment cooperation. Good news for Russian producers is that this country’s investors demonstrate a great interest in the Russian market of halal products. The experts believe that agriculture will be the most promising area of cooperation. It was reported that on 21 May the ambassador of Qatar in Russia will attend the opening ceremony of the “Islamic finance and real economy” forum, which is a part of the Moscow Halal Expo programme. In his speech the ambassador is expected to talk about cooperation opportunities for both countries.