ISLAMIC FINANCIAL TOOLS AS ALTERNATIVE TO TRADITIONAL BANKING SYSTEM
Abstract
This article is dedicated to the overview
of basic principals and fundamentals of Islamic finance
system, especially with the emphasis on moral and ethical
standards which prevail in the Muslim world. The article
also includes the overwhelming analysis of different
Islamic financial tools and structured finance mechanisms
that can be good supplements and substitutes of
conventional banking products from the point of view of
efficiency and moral standards. The expansion of new
financial vehicles of the kind throughout the global financial
world must be on economic leaders agenda.
of basic principals and fundamentals of Islamic finance
system, especially with the emphasis on moral and ethical
standards which prevail in the Muslim world. The article
also includes the overwhelming analysis of different
Islamic financial tools and structured finance mechanisms
that can be good supplements and substitutes of
conventional banking products from the point of view of
efficiency and moral standards. The expansion of new
financial vehicles of the kind throughout the global financial
world must be on economic leaders agenda.
About the Authors
А. Мготлов
Российский университет дружбы народов (г. Москва)
Russian Federation
Russian Federation
А. Абгарян
Российский университет дружбы народов (г. Москва)
Russian Federation
Russian Federation
References
1. Искаков С. Мировой рынок исламских ценных бумаг сукук. [Электронный ресурс] / Инфор- мационно-аналитическое издание: исламские финансы и бизнес в России [сайт] .URL:http:// islamic-finance.ru/board/2-1-0-26 (дата обраще- ния: 17.11. 2010)
2. -ой Всероссийский семинар руководителей ду- ховных управлений мусульман /Москва 9-11 июнь 2003 г.. Изд.:Московский Исламский Уни- верситет. 142 с.
3. Managing financial risks of Sukuk structures. Ali Tariq 2004. P. 86.
4. Shariah compliant funds: a whole new world if investment. PriceWaterHouse Coopers research 2009. P. 14.
Review
Views:
42
Email this article 