The Kazan Summit Russia-Islamic World was launched on Thursday and will continue until Saturday with the participation of 3,000 guests from 50 countries. During the sessions and discussions, the participants will discuss pending topics related to economic cooperation between the countries of the Organization of Islamic Cooperation and Russia. The first day of Kazan Summit witnessed signing an agreement between RCB Bank and the Islamic Development Bank to establish a capital fund of USD100 million to support the delicate techniques sector. Despite the latest updates in the trade-economic cooperation between Russia and the Islamic world in the past period, Moscow sees that cooperation is still below the actual available economic capabilities of the two parties. The current edition of the summit is attended by: OIC Secretary General Dr. Yusuf Bin Ahmed Al Uthaymeen, Minister of Commerce and Investment Majid bin Abdullah Al-Qasabi, the Minister of Economy, Sultan Al Mansoori, and others. The summit introduces business representatives in Russia and the Islamic world to each other, in which they manage to discuss joint projects and cooperation dimensions. "Regrettably, the standard of economic cooperation between Russian regions and Muslim countries remains below potential. Besides, companies from Muslim countries do not invest in the Russian regions directly but through federal foundations, and they only invest in large projects. This prevents our cooperation from reaching the required standards," said President of Tatarstan, Rustam Minnikhanov. Tatarstan Investment Development Agency head Talia Minullina said earlier that Dubai Islamic Bank will open a branch in Kazan following talks about this matter between high-rank officials from the Central Bank of the Russian Federation and Dubai Islamic Bank. However, Dubai Islamic Bank links this step to the availability of adequate legislations.