Prospects of development of Islamic banking system in Russia

A. U. Soltakhanov () and A. E. Osmanova ()

Scientific notes of the Russian academy of entrepreneurship, issue 44

Abstract: In the article was considered the situation in the banking sector of the Russian Federation during the period of 2014-2015, and the application of the Islamic banking system in the country as the option of maintenance and the way of increase of efficiency in a bank activity, was disclosed the essence and peculiarities of the Islamic banking. In conclusion were produced necessary amendments of the legislation which create conditions for Islamic banks in the Russia, was proposed conceptual diverse approaches of changes and was made conclusions about prospects of the development of this banks in the country.

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