The Limited Liability company “Miras Financial Company” (authorized capital of 300 million rubles) is a subsidiary of Joint Stock Company “Mir Business Bank” (JSC “MB Bank”), which was established in 2021 in the capital of the Republic of Tatarstan, Kazan for the purpose of financing individuals and legal entities according to Islamic standards. JSC “MB Bank” owns 99.99% share of the company.
JSC «MB Bank» started its activities in 2002 in Moscow and currently operates in Astrakhan and Kazan. It has a universal license (№ 3396 dated May 23, 2018) issued by the Bank of Russia and performs all banking operations. Foreign trade between the Russian Federation and the Islamic Republic of Iran is the bank’s primary objective.
Our financing is based on Sharia principles and Islamic contracts such as Murabaha and Mudaraba and many others in future. These contracts have been approved by SAM RT and are monitored by its experts.
Murabaha is a contract wherein the Islamic Bank / Company, upon request by the client, purchases the asset from a third-party supplier/vendor and resells it to the client on a deferred payment basis.
Mudaraba is a partnership contract in which one party provides capital, whereas the other party (known as ‘Mudarib’) provides labor and expertise in running the partnership.
The scope of activity of LLC Miras FC is financing for the purchase of vehicles, industrial, medical, agricultural and road construction equipment and machinery. Our clients are any individuals and legal entities interested in Islamic services and goods on the territory of the Russian Federation.
