Tehran, IRNA - Iran's Finance and Economic Affairs Minister Ehsan Khandouzi has announced that member states of the Islamic Development Bank (IsDB) have welcomed Iran's proposal to establish a new financing mechanism using a preferential rate within the group.
Tehran, IRNA - A Russian political scientist has embraced the concept of Islamic banking – based on principles of sovereignty, independence and multilateralism-- as a viable economic model that could be used in Russia.