Islamic financial model as an instrument for attracting investments in the Russian economy

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Doklady Bashkirskogo Universiteta. 2017. Volume 2. No. 5. pp. 746-750.

Authors

Islakaeva G. R.*
Bashkir State University
32 Zaki Validi Street, 450074 Ufa, Republic of Bashkortostan, Russia

Abstract

It is proposed development of the Islamic financial model, that differs from the fiscal model by a number of restrictions, in particular the prohibition of interest, high risk transactions and the sale of non-existent assets at the time of the transactions, prohibition of forward and futures transactions.

Keywords

  • investments
  • partner model of economy
  • Islamic financial model
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