Partnership finance: problems of implementation and development
Abstract and keywords
Abstract (English):
Partnership (Islamic) finance is a system of financial relations based on the norms of Islamic law, which implies a ban on the payment and receipt of interest, division of responsibility, profit and risks between participants, and insurance. In the global economy, Islamic financial institutions demonstrate rapid growth, reaching total assets of about $4 trillion. For Russia, as a multinational and multi-confessional country, the development of Islamic finance is especially relevant: on the one hand, the muslim population of the country is more than 20 million people, on the other hand, in the context of geopolitical restrictions, there is a need for new financial products and instruments. This article focuses on the current problems of introducing Islamic banking, and also assesses the prospects for its development in Russia. It is concluded that with the elimination of legislative barriers and active support from the state, Islamic finance can take a worthy place in the financial system of Russia, contributing to the inflow of investment and the development of regions

Keywords:
partnership (Islamic) finance, Islamic banking, regulation, development
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References

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