KAZANSUMMIT (International Economic Summit “Russia — Islamic World: KazanSummit”) is one of the leading international economic events of the Russian Federation and the Organization of Islamic Cooperation (OIC). From the first day of its existence, the Summit has been held under the patronage of the President of the Republic of Tatarstan, Rustam Minnikhanov. Since 2009, KazanSummit is held annually and strongly supported by the Federation Council of the Federal Assembly of the Russian Federation and the Government of the Republic of Tatarstan. Top international investment conference remains the main and unique platform for cooperation between the Russian Federation and the OIC member states.
Aim
According to the Charter of the International Economic Summit “Russia-Islamic World: KazanSummit”, the aim of the Summit is a strengthening trade, economic, scientific, technical, social and cultural ties of the Republic of Tatarstan and members countries of the Organization of Islamic Cooperation, as well as to promote the development of Islamic financial system institutions in the Russian Federation. The Summit allows participants to succeed in developing a fruitful partnership and establishing useful business contacts.
Objectives The objectives of the KazanSummit are: development of recommendations in determining strategic prospects for the development of international economic relations between the Summit participants; assistance in strengthening the relations of participants in business activities of the Russian Federation, the Commonwealth of Independent States and countries of the Organization of Islamic Cooperation; involvement of leading world experts in a joint discussion of current economic and political problems (issues); development of recommendations and legislative initiatives aimed at solving problems in the field of the Islamic financial system institutions and the Russian economy functioning; organization of the exchange of experience of successful practices in implementing financial projects; attracting foreign direct investment in the economy of the Republic of Tatarstan.
Mission
The Summit’s mission is to maintain the established contacts between Russia and the countries of Islamic World, take measures to create a positive image of Russia in the countries of OIC and countries of OIC in Russia, and to promote the projects of the Republic of Tatarstan and other Russian regions at the international level.
The regions of the Russian Federation get the opportunity to show their potential for domestic and foreign investors, companies from around the world are allowed to expand the distribution areas of their goods and services, government representatives have the ability to gain experience from their foreign colleagues and reach a new level of interaction.
The Summit is attended by the representatives of international organizations, public authorities, foreign states’ embassies, investors and businessmen of domestic and foreign financial institutions from different countries of the world and also the representatives of mass media.
During the event the participants discuss the problems, gain new knowledge, exchange experience, conclude contracts and find new business partners. The special attention is given to the acquaintance of the Russian structures to the Islamic finances and Islamic banking system. Besides, during the event the forums and conferences on the theme of halal industry development, features of Waqf, etc. are held. It is worth noting that in addition to the events with Islamic specifics, various seminars, meetings, discussions on general and narrow-profile topics are held. So, at the Summits in different years the issues of ecology, attractiveness of Russian regions for the investors, export and foreign economic relations, agriculture and tourism were discussed. In parallel to the meetings of participants the exhibitions, bilateral meetings, forums of young diplomats and entrepreneurs, presentations of start-ups for the potential investors are held. The guests get acquainted with the culture of Russia and Tatarstan. +Statistics of KazanSummit participants by year:200920102011201220132014201520162017201820192021250400772100070050074515562641300035984735 +Statistics of KazanSummit participating countries by year:200920102011201220132014201520162017201820192021182427304025465153537264
History 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.
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).
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.
It was attended by 250 people from the Kingdom of Saudi Arabia, the United Arab Emirates, Morocco, Malaysia, Indonesia, Pakistan, Qatar, Lebanon, Bahrain, Sudan, Great Britain, France, Luxembourg, Turkey, Kazakhstan, Kyrgyzstan, Azerbaijan, Russia and other countries. The event included a special presentation of the Russian Federation and the Republic of Tatarstan, as well as academic and business sessions
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 Tatarstan Investment Development Agency, 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.
2013
Another KazanSummit was held on October 2–3, 2013. Representatives of 40 countries of the world met with Russian authorities and businessmen to discuss prospects for the development of economic cooperation between Russia and the countries of the Organization of Islamic Cooperation.
Among the high-ranking guests were OIC Secretary General Ekmeleddin Ihsanoglu, Deputy Minister of Qatar, Deputy Minister of Economy of the UAE, Chairman of the Board of WAIPA, Ambassadors of Malaysia, Saudi Arabia, Morocco, Sudan, Senegal, Nigeria, Pakistan, Palestine, Kazakhstan, Mexico, etc.
The topics of the Summit concerned both trade cooperation between Russia and the countries of the Organization of Islamic Cooperation, as well as current trends in the Islamic finance market. By tradition, several summit events were dedicated to the topic of investments. In addition, a media forum was held at the Kazan summit, where media leaders discussed the role of the press in the investment attractiveness of the country, as well as a separate forum dedicated to smart cities, where Tatarstan mega-projects Innopolis and Smart City Kazan were presented ".
During the summit, the participants discussed such major problems as ensuring world food security, the development of the Islamic economy and finance, investment, etc.
2014
KAZANSUMMIT 2014 took place 5–6 June 2014.The event was organized by the Nonprofit fund for the development of Islamic business and finance (IBFD Fund) and co-organized by the Tatarstan Investment Development Agency. The key topic of the strategic forum was the investors, business and government interaction in solving food security problems in Russia and the OIC countries. It was attended by 500 representatives from 25 countries, including 30 parliamentarians and 20 ambassadors. In addition to participants from OIC countries, representatives of European countries, participants from Cuba, Ecuador, Singapore, the UAE, Qatar and other countries visited Kazan. Russia was represented at the summit by participants from Moscow, St. Petersburg, Kamchatka, Bashkortostan, Orenburg, Sverdlovsk, Rostov, Nizhny Novgorod, Samara, Tomsk regions. A special event within the framework of KazanSummit 2014 was the second meeting of the "Investors Club of the Republic of Tatarstan".
2015
The 7th International Economic Summit of Russia and the OIC countries KazanSummit 2015 was held on June 15–16. 746 people from 45 countries of the world attended the event. Also among visitor there were Ahmed Galal Eldin, the chairman of the Association IBIA, Necdet Sensoy, Member of the Central Bank of Turkey Board of Directors, Victor Chetverikov, the president of the National Rating Agency and Vladimir Korovkin, Head of Innovations and Digital Research. In 2015, Ahmed Mohamed Ali Al-Madani, the President of the Islamic Development Bank visited the Summit.