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Islamic Finance: Opportunities for the Russian Economy
https://doi.org/10.32609/0042-8736-2015-6-106-127
Abstract
The article discusses the prospects for the development of the financial system and the economy, associated with the emergence of Islamic finance industry in the country. The author briefly describes the important features of Islamic finance, examines the main obstacles for functioning of Islamic financial institutions in the Russian legislation. Furthermore, the paper analyzes the economic benefits from the creation of economic infrastructure, which enables Islamic financial companies to operate on equal conditions with other subjects of the financial system in terms of financial, tax and administrative aspects.
About the Author
B. Chokaev
Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia); Gaidar Institute for Economic Policy (Moscow, Russia)
Russian Federation
Russian Federation
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For citations:
Chokaev B. Islamic Finance: Opportunities for the Russian Economy. Voprosy Ekonomiki. 2015;(6):106-127. (In Russ.) https://doi.org/10.32609/0042-8736-2015-6-106-127
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