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Islamic Finance: Possibilities for Russian Economy
[Исламские Финансы: Возможности Для Российской Экономики]

Author

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  • Chokaev, Bekhan (Чокаев, Бекхан)

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

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.

Suggested Citation

  • 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.
  • Handle: RePEc:rnp:wpaper:031719
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    References listed on IDEAS

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