Predictability and appropriate investment climate of utmost importance for Islamic businessmen - Al Shams Capital CEO Djabiev

In an interview with our correspondent Dr. Adalet Djabiev, the Founder and CEO of Al Shams Capital Group (Russia), tells what can enhance the flow of capital from the Islamic world into our country.

Our country pays great attention to attracting foreign investors. What conditions do you think should be created for businessmen from the Islamic world?

Of course, businessmen are always interested in guarantees for their business. But when representatives of the Islamic business community talk about guarantees, they understand it broader than we usually mean by guarantee. Investment climate is most important for them. The Islamic model of financial management should be taken into account in the process of attracting businessmen from the Islamic world. Legislation should protect property rights, and then any investor would feel comfortable. The investor should see that the country is supporting the rule of law. Once he invests the money, he must be sure he is protected from the raider seizure of his property through some loopholes in the legislation.

This means that, first and foremost, investors worry about their property rights...

It should be noted that the entire CIS region now re-opens for the Islamic economic community. Before Muslim businessmen did not have an opportunity to cooperate with our countries. Therefore, the businessmen from Islamic countries know better other regions. For example, they believe that in Europe, their property is better protected - even under the Anglo-Saxon law. Of course, they try to incorporate elements of the Islamic law in treaty making.

In general, the guarantee for businessmen from Islamic countries is predictability and existing of appropriate investment climate.

What peculiarities of doing business in the Islamic economic community you advise Kazakh businessmen to take into account?

The Islamic economic doctrine creates good conditions for cooperation, attraction of investors. The whole contractual base aims to protect the rights of each participant. It ensures the transparency of business, which is the key element of the Islamic law and Islamic finance. Uncertainty is minimized in the Islamic economic doctrine. All terms and conditions are carefully negotiated. In general, the entire economic activity in the Islamic world is based on such notions as certainty, transparency and, of course, justice in economic relations.

Thank you for the interview.