Fintech Integration And The Prospective Role Of Islamic Finance In Shaping Regional Investment Dynamics In The Russian Federation

Abstract

This study explores the potential of using advanced fintech tools, particularly blockchain technologies, to attract Islamic finance to Russian regions under geopolitical constraints. The research focuses on the Republic of Tatarstan as a pilot region with an established Islamic finance infrastructure. A structured methodology is developed, combining economic-mathematical modeling, scenario forecasting, and regression analysis to estimate the potential inflow of partnership-based finance and its impact on regional macroeconomic indicators. Key indicators include market substitution coefficients, fintech integration indices, and penetration scenarios. The results demonstrate a potential attraction of up to USD 114 million in Islamic investment by 2030, translating into a measurable increase in the region's GRP. The findings highlight the strategic importance of fintech-enabled mechanisms in overcoming sanction-related barriers and integrating regional economies into the global Islamic financial ecosystem. The study concludes by recommending institutional support and blockchain-based platforms to unlock new foreign investment channels.