Russia and Iran: Islamic Finance and Energy Cooperation

On Saturday, December 28^th, within the framework of the on-going online seminar “Contemporary Area Studies” the School of International Regional Studies of the Faculty of World Economy and International Affairs of HSE University organized a discussion with Ramezan Ali Marvi, Assistant Professor of Economics, Allame Tabatab'i University, on the theme “Russia and Iran: Islamic Finance and Energy Cooperation”.

Elmira Imamkulieva, Senior Lecturer, School of International Regional Studies of the Faculty of World Economy and International Affairs of HSE University, moderated the meeting . 

Dr. Ramezan Ali Marvi spoke about the “gap” between the theory and practice of Islamic banking, and gave an idea of ​​how and in what direction Islamic banking will develop in the future. 

The lecturer presented excerpts from research papers analyzing the realities of Islamic banking in various regions. Dr. Ali Marvi gave extensive comments on each of the papers presented and illustrated the conclusions described. 

In the final part, the lecturer highlighted the main problems arising in the field of Islamic banking, presented measures and tools aimed at resolving disagreements between the theoretical foundations and the present embodiment of the concept. 

At the end of the lecture, the professor answered in detail numerous questions from the participants of the event. The participants of our project asked questions that subsequently provoked a discussion about macroeconomic processes in the realities of Islamic banking: interest rates, inflation, direct investment in the economy, the foundations of monetary policy, and others. 

For video, please follow the link: https://youtu.be/9f1962MMIfI