Islamic Finance: Possibilities for Russian Economy

Исламские финансы: возможности для российской экономики

Bekhan Chokaev

Working Papers from Russian Presidential Academy of National Economy and Public Administration

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 distinguished features of Islamic finance, examines the main obstacles for functioning of Islamic financial institutions in the Russian legislation. Furthermore, there is an analysis of the economic benefits from the creation of economic infrastructure, which enables Islamic financial companies to operate in equal conditions with other subjects of the financial system in terms of financial, tax and administrative aspects.

Pages: 31 pages
Date: 2017-03
New Economics Papers: this item is included in nep-cis, nep-dcm and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:wpaper:031719

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