KAZANSUMMIT

Updated on Jan 14, 2024

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Frequency Annual Next event October 2–3, 2013		Founded 2009 Location Kazan

Genre International economic/business forum Patron(s) President of Republic of Tatarstan

KAZANSUMMIT (The International Summit on Economic Cooperation between the Russian Federation and the Countries of the OIC) is an international economic and business forum-summit held annually in Kazan, Russia. It was established in 2009. It is held under the patronage of the President of Republic of Tatarstan. The number of participants increases over the years; in particular, in 2012, the number of participants was over 1000 people. There were representatives from more than 30 countries, as well as members of the Organisation of Islamic Cooperation and from 13 regions of the Russian Federation.

KAZANSUMMIT will be of particular interest to participants of international organizations , domestic and foreign financial institutions, diplomatic legations, top managers, investors, scientists, Deputies of the State Duma of the Russian Federation, and analysts and experts.

It is held traditionally in the international business center Pyramide (Kazan).

2009

KAZANSUMMIT was first held from June 25 to 26, 2009, in Kazan. The prospect of closer reapproachment between Russia and the Islamic world has been emerged in 2003 when Vladimir Putin took part in the meeting of the most important international institution of the Islamic world - the Organization of Islamic Cooperation (OIC), held in Kuala Lumpur, Malaysia. The OIC observed that the result has been assigned to Russia in June 2005.

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KAZANSUMMIT 2009 was conducted on five academic and business sessions and one final panel discussion on the prospects of Islamic finance in Russia. The organizers were the IFC Linova (Tatarstan, Russia), the Islamic Research and Training Institute (Saudi Arabia), Kuala Lumpur Business School (Malaysia), and the Russian Center for Islamic Economics and Finance(Tatarstan, Russia).

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The idea of holding such an event in the capital of Tatarstan came up in June 2008 in conjunction with the Islamic Development Bank, in the International Investment Conference.

2010

On June 27, 2010 in the "Pyramid", the opening of KAZANSUMMIT 2010 was held, with the participation of President of Tatarstan Rustam Minnikhanov and the International Islamic Business and Finance group. The forum was from June 27 to 28. It was held under the slogan "Kazan - New Gateway to Russia." At the official opening ceremony of KAZANSUMMIT 2010 were Minnikhanov, Ex Premier of Malaysia Dr. Mahathir Mohamad, Member of the House of Lords Mohamed Iltaf Sheikh, manager of the Islamic Corporation for Private Sector Development Khaled Al-Aboodi, Advisor to the Secretary General of OIC Nabiki Diallo, and Russia's permanent representative to the OIC Kamil Iskhakov. The forum consisted of the Strategic Forum, the exhibition "Innovations and Investments," the investment Forum, and the Halal Forum.

2011

The third KAZANSUMMIT was held on June 20–21, 2011. Minnikhanov, Prime Minister of Tatarstan Ildar Khalikov, Kamil, the Chairman of the Organizing Committee of KAZANSUMMIT, head of the Investment Promotion Agency Linar Yakupov, Assistant Plenipotentiary of the Russian Federation President in the Volga Federal District Muaed Kankulov, and the foreign guests, including the General Director of the Islamic Centre for Development of Trade (ICDT with OIC) Allan Rushdie, who is a member of the UK House of Lords, and Lord Nazir Ahmed. They participated at the opening ceremony of KAZANSUMMIT 2011 of Islamic Business and Finance. The conference covered the following topics:

Increasing stability and openness of Islamic financial markets and institutions

The development of human capital, education and training in Islamic economics and finance

The development of Islamic finance in the traditional financial system: challenges, approaches and solutions

The role of Islamic social and economic institutions in the process of economic development

Study of the development of Islamic finance in Russia

History of Islamic economic thought and economic management

The role of the state in creating the Islamic economic model

Impact of Islamic principles of microeconomic management - fiscal, monetary and financial policy

The value of Islamic principles for microeconomic institutions and market discipline

Economic doctrines and values of Islam

2012

KAZANSUMMIT 2012, the economic cooperation between Russia, other countries, and members of the Organization of Islamic Cooperation was held on May 17–18. The program included the strategic and investment forum, the conference on Islamic economics and finance, a conference of representatives of the parliaments of the OIC, and round-table discussions on various topics, as well as business meetings at various levels. The forum was traditionally attended by President of Tatarstan Rustam Minnikhanov. According to the head of Tatarstan Investment Development Agency Linar Yakupov, 96 projects worth 289 billion rubles were presented. KAZANSUMMIT went to a higher level thanks to the support of the Council of Federation Assembly of the Russian Federation.