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Prospects of Development of the Industry of 'Islamic' Finance in the Russian Federation. Main Obstackless and Suggestions to Overcome Them
[Перспективы Развития Индустрии "Исламских" Финансов В Российской Федерации. Основные Препятствия И Предложения По Их Преодолению]

Author

Listed:
  • Danilov, Yury A. (Данилов, Юрий)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Yandiev, Magomet (Яндиев, Магомет)

    (Moscow State University - Faculty of Economics)

Abstract

The paper deals with the introduction of Islamic finance model in the practice of the Russian financial market. The reasons of advancing growth of Islamic finance in the modern world, international experience on the formation of Islamic finance segments in various countries around the world, both Muslim and non-Muslim. Analyzes the main obstacles are formulated basic options to overcome them and made suggestions on the choice of the optimal variant. Estimates of the socio-economic effects of the introduction of Islamic finance in Russia.

Suggested Citation

  • Danilov, Yury A. (Данилов, Юрий) & Yandiev, Magomet (Яндиев, Магомет), 2016. "Prospects of Development of the Industry of 'Islamic' Finance in the Russian Federation. Main Obstackless and Suggestions to Overcome Them [Перспективы Развития Индустрии "Исламских" Фина," Working Papers 2862, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:2862
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    References listed on IDEAS

    as
    1. Imam, Patrick & Kpodar, Kangni, 2016. "Islamic banking: Good for growth?," Economic Modelling, Elsevier, vol. 59(C), pages 387-401.
    2. Demirguc-Kunt Asli & Klapper Leora & Randall Douglas, 2014. "Islamic Finance and Financial Inclusion: Measuring Use of and Demand for Formal Financial Services among Muslim Adults," Review of Middle East Economics and Finance, De Gruyter, vol. 10(2), pages 177-218, August.
    3. Peer Christian Kunstmann & Alexander Ullmann, 2015. "R s -bounded H ∞ -calculus for sectorial operators via generalized Gaussian estimates," Mathematische Nachrichten, Wiley Blackwell, vol. 288(11-12), pages 1371-1387, August.
    4. B. Chokaev., 2015. "Islamic Finance: Opportunities for the Russian Economy," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 6.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    islam; finances; banking; Russia;
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