Russia considers permanent Islamic banking regime, Central Bank discusses regulation
In short
Media reports cited by RIA Novosti say Russia wants to move Islamic banking to a permanent regime. TASS, citing the newspaper Izvestia, reports that the Bank of Russia is discussing options for permanent regulation of Islamic banking. The available documents provide no further details or official confirmation.
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State-owned outlets reported on 6 October 2026 that Russia may move Islamic banking into a permanent regime. RIA Novosti said, citing media, that the country wants to make the arrangement permanent. TASS, citing the newspaper Izvestia, reported that the Bank of Russia is discussing options for permanent regulation of Islamic banking. [ 1 , 2 ]
The available documents contain only the headlines of these reports, with no further detail on the Central Bank’s options, a timetable, or any official confirmation. Neither outlet quoted the Bank of Russia or the government directly. [ 1 , 2 ]
Why it matters
If realised, the change would shift Islamic banking in Russia into a permanent regulatory regime, affecting banks offering those services and their customers. The reports give no timeline or detail, and neither the Central Bank nor the government is directly quoted, so the scope remains unclear.
Key facts
- Russia is considering moving Islamic banking to a permanent regime, according to media reports cited by RIA Novosti. [ 1 ]
- The Bank of Russia is discussing options for permanent regulation of Islamic banking, according to the newspaper Izvestia as cited by TASS. [ 2 ]
- Both documents are headline-only and rely on media accounts; neither quotes the Bank of Russia or the government directly. [ 1 , 2 ]
Confirmed by several sources
Still unclear
- Whether the Bank of Russia or the Russian government has officially confirmed plans for a permanent regime. Both documents are headlines only and attribute the information to media reports (Izvestia via TASS); no official statement is quoted.
- What specific regulation options the Central Bank is considering and on what timeline. Neither document provides details beyond the headline.