Gambeeva Yu.N., Medvedeva S.N.Published in:
Russian Journal of Entrepreneurship
– Volume 19, Number 1 (January 2018)

JEL classification: G11, G15, G23

Keywords: ethical finance, islamic bank, islamic finance, islamic financial institutes, islamic financial tools


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Abstract:

The article considers foundations and trends in Islamic finance system development, the principles of Islamic financial institutions activity and financial tools used by the Islamic finance system. We analyze the differences of conventional and Islamic banks. We pay special attention to issues and prospects of Islamic finance system development. We reveal factors which affect integration of Islamic finance into a financial system of the Russian Federation.

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