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Islamic Banking System: Present State and Prospects for Development

Author

Listed:
  • Pavel Trunin

    (Gaidar Institute for Economic Policy)

  • Marina Kamenskikh

    (Gaidar Institute for Economic Policy)

  • Margarita Muftiahetdinova

    (Gaidar Institute for Economic Policy)

Abstract

The aim of this publication is to describe main principles of functioning of islamic banking system as well as the consequences for appearence of islamic financial institutions on traditional financial markets. In near future some of these institutions can appear in Russia. That is why Russian banks, nonfinancial enterprises, government bodies and population at large should be ready to this development of events and understand the consequences of this tendency for the country's economy.

Suggested Citation

  • Pavel Trunin & Marina Kamenskikh & Margarita Muftiahetdinova, 2009. "Islamic Banking System: Present State and Prospects for Development," Research Paper Series, Gaidar Institute for Economic Policy, issue 122P.
    • Handle: RePEc:gai:rpaper:92
    as

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    File URL: http://www.iep.ru/files/RePEc/gai/rpaper/92Trunin.pdf
    File Function: Revised version, 2012
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    References listed on IDEAS

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    Cited by:

    1. Chokaev, Bekhan (Чокаев, Бекхан), 2017. "Islamic Finance: Possibilities for Russian Economy [Исламские Финансы: Возможности Для Российской Экономики]," Working Papers 031719, Russian Presidential Academy of National Economy and Public Administration.
    2. Vladimir Tyurnin A. & В. Тюрнин А., 2017. "Этические финансы и обеспечение финансовой безопасности населения // Ethical Finance and Financial Security of the Population," Экономика. Налоги. Право // Economics, taxes & law, ФГОБУ "Финансовый университет при Правительстве Российской Федерации" // Financial University under The Government of Russian Federation, vol. 10(4), pages 42-48.

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    More about this item

    Keywords

    Islamic; Banking System;

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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