Russian Federation
Russian Federation
This article explores the role and place of Islamic economics in the transformation of the global economy. The Islamic financial system, based on the principles of Shariah, offers alternative approaches to financial activities, emphasizing values such as fairness, the prohibition of riba (interest transactions) and maysar (gambling), and emphasizing the support of real assets and economic stability. The article examines the impact of Islamic economics on global markets and notes its growing popularity not only in countries with Muslim populations but also beyond. It also discusses the prospects and challenges facing the Islamic economy, including standardization of products, competition with the conventional financial system and the need to expand trust in Islamic financial services internationally. The conclusion emphasizes that further development of the Islamic economy can contribute to a more sustainable, equitable and responsible economic order that meets the requirements of modern society and contributes to the well-being of all.
islamic economy, global markets, Shariah, sustainable development, financial system
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