In June, 2008 the Islamic Corporation for the Development of Private Sector (ICD) signed an agreement on preparation of the Feasibility Study for the establishment of an Islamic Investment Company in the Republic of Tatarstan with IFC Linova from Russia and Mercury Consulting Services from Azerbaijan.

In June, 2009 during the 1st Kazan International Islamic Business and Finance Summit there was signed the Protocol of intent to establish the Company by the Prime Minister of the Republic of Tatarstan and the CEO and General manager of the Islamic Corporation for the Development of the Private Sector.

In July, 2009 was signed the Memorandum of Understanding for the establishment of the Company between initial founders.

In March, 2010 agreement on establishment of the Company was signed in Kazan by all the shareholders of the Company.