Islamic fi nance based on the Shariah Law
is a relatively young but fast-developing part of the global
fi nancial system. The Shariah Law prohibits Islamic
institutions from getting involved in the speculation with
complex fi nancial instruments that paralyzed their conventional
competitors during the recent fi nancial crisis.
But at the same time Islamic banks have their own risks,
which are specifi c only for them due to existing religion
restrictions. This article is dedicated to overview and
analysis of the main specifi c risks related to Islamic fi -
nancial institutions.

Implementing strategy of world famous
automobile companies launching presupposes transition
from inertial type of economic growth to investmentinnovating
type of development. For this purpose the
state should make use of its own fi nance and stimulate
investments from other sources. Another variant of investments
in motor building is through foreign investments.
But in any case the most preferable strategy of
economic development is the variant which presupposes
a considerable state regulation of the market.

The modern world of pension insurance has
three models: solidary- distributive; storage and mixed.
Germanys contemporary pension model includes three
components: obligatory pension insurance; production
(corporate) insurance through insurance cashboxes
and private insurance. The article analyzes some special
features of German old-age insurance model. The
author expends on the peculiarities of the corporate system
of insurance. The article analyzes the statements of
the FRGs federal law on Corporate old age insurance.
The authors translation of German pension legislation
into Russian made it possible to identify the features of
the FRGs system of pension insurance functioning.

The article examines the current state of
the recreational potential and hotel stock of the Krasnodar
region. The study revealed some negative trends
in the development of tourism in the Krasnodar region,
such as infl ated prices for hotel services at a low level
of service, signifi cant depreciation of fi xed assets of accommodation,
excessive human pressure on the coastal
strip of the Black Sea. These and other negative factors
to be resolved by adopting an alternative program
for the Krasnodar regions coastal areas development,
which lies in promoting agricultural tourism on the second
line of resettlement (from 3 to5 km from the Black
Sea coast) in combination with other types of tourism in
the form of «Russian Life» project tourist complexes.

The article is concerned with the necessity
of integrating project management methods in the
system of the state defense order. This will lead to more
effi cient use of budgetary resources and provide the
armed forces with new modern armaments and military
equipment. With regard to government procurement, the
author presents the project management as a special
kind of ordering agencies activity, based on preliminary
development of a functional complex system model of
the state defense order placement.

The article addresses the problem of refl
ecting the impact of international migration fl ows on
macroeconomic trends in present-variables models of
macroeconomic equilibrium. The forms of labor migration
and its impact on macroeconomic equilibrium were
analyzed in Keynesian and Valrasian models. It was
proved that the fl ows of international labor migration
could pose serious macroeconomic challenges only in
Keynesian model. In Valrasian model the net infl ow of
migrants causes the adaptive process.

The problem of adequate fi nancial infrastructure
of the results of intellectual activity became
topical in connection with the forced development of
nanotechnologies in Russia. The present work analyzes
the condition of fi nancial infrastructure, its elements,
such as RUSNANO, venture funds and exchange for
innovations, trends and threats. It is concluded that the
basic problems are low transparency of elements and
insuffi cient support of early-stage projects to improve
the continuity of innovation cycle

The article presents a brief account of the
Russian technological complex of natural gas distribution
system, revealing the government status in managing
the consolidation of gas distribution assets, the key
members of the regional gas distribution companies and
the role of the Russian JSC «Gazprom» in the process
of integrating assets. The paper also schematizes the
results of regional gas distribution assets integration in
Russia.

The article compares the defi nition of macroeconomic
equilibrium in Marxist theory with those of
AD - AS and IS - LM models which are popularized in
well-known foreign and domestic text-books. The article
proves that the defi nitions of macroeconomic equilibrium
presented in models AD-AS and IS-LM contradict the
defi nition of equilibrium in neoclassical microeconomic
theory of equilibrium price and, unlike the defi nitions
of Marxist macroeconomic theory, do not refl ect certain
signifi cant aspects of market economy mechanism.

This article analyzes the economic reasons
for the agreement for mutual aid assignment between
the Soviet Union and Estonia at the beginning
of World War II. The article covers the main features of
the economic situation in Europe at the end of the 1930-
s, which motivated the Baltic republics to start looking
for new markets and new partners. The conclusion of
the business volume treaty and the confi dential protocol
helped to fourfold the turnover between the USSR and
Estonia, which was fi rst and foremost very profi table for
the Estonian side.

The article is devoted to theoretical and
methodological issues of forming and using the economic
potential of the region. It examines the structure and
the factors infl uencing the effi cient use of the regions
economic potential. The main directions of economic
effi ciency potential of the Moscow region were determined.
It was established that the implementation of the
innovative potential of the region depends on systemic
interaction of a complex of conditions with the factors
accelerating innovative processes.

The article examines the modern condition
of welfare theories and substantiates in brief the authors
theoretical approach towards modeling the aggregated
welfare indicator, which is based on A. Maslows
well-known classifi cation of needs. The statistical data
is supposed to be processed by the most updated computer
neural networks emulators. The article presents
the main results of preliminary research that prove the
employed premises.

The article deals with the problems of
effective management of capital in the stock market
through creation and implementation of effi cient trading
systems. The article proves the necessity of trading
systems using for successful work in the stock market
and describes the stages of developing and testing trading
systems. The author summarizes the results of one
method testing to assess the effectiveness of a trading
system and presents a comparative analysis of three
different types of trading systems based on Microsoft
company actions.

The article focuses on the category of costs
through its development in economic thought ab origine
to the present day as well as on the complex scientifi c
ideas summarized in the theory of costs.
The research shows that the central direction of
the theory of costs development in each period was
determined by the contemporary problems of the society.
Thus the theory of costs was interpreted from the
viewpoint required to justify the dominant economic
theories.

The paper presents the results of formulating
and solving the problem of quantifying the linkage
between demographic ratings and traditional measures
of demographic development. It is shown that the set
of demographic ratings developed by the authors and
based on standardized rations of fertility, mortality,
migration arrival and departure, correctly and fully describes
the demographic situation in the Russian Federation
and can reasonably be used for developing and
monitoring the programs of demographic development
of the territories as part of the Concept of demographic
development of the Russian Federation until 2025

The article considers the problems of
forming and developing risk management systems at
industrial enterprise based on Enterprise Wide Risk-
Management. The method is determined by management
complexity and multiplicity at industrial enterprises
producing building materials. It is based on distributive
functional model and its structure includes methodological,
organizational, regulatory, informational, economical
and psychological aspects. Ignoring these aspects
may negatively affect the effi ciency of the developed
systems operation. The article also suggests a number
of conceptual principles which could become the
foundation of adaptive and urgent risk-management
systems

The article considers the economic safety
problem of supply chains and the decision-making
method that guarantees its realization. The paper also
describes the basic components of the method, such as
risks, threats, crisis situations, danger, safety and typical
functioning problems of supply chains. The particular
attention is paid to the most widespread risks which
infl uence supply chains and the conceptual scheme of
corporate risks control system of the industrial organization
supply chains.

The article considers the network form of
organizing business in accordance with the principles
of large scale, effi cient and rational development. By
example of such logistical infrastructural types as warehouse
networks the author reveals the features of their
formation, functioning and development. The analysis
showed the duality of the network form use at logistical
infrastructure enterprises and determined the types of
warehouse networks depending on their territory disposition
and principles of functioning.

The article considers the problems that agricultural
producers face while attracting the borrowed
funds. One of the main diffi culties is the required loan
guarantee. The author proposes that a fund should be
created to provide borrowers with a loan guarantee and
suggests one of the possible options for such an institution
substantiating his idea by foreign countries experience
and Russian reality.

The article examines the global trends of
state incentives, support, and resource providing for the
subjects of small and medium-sized businesses in crisis
and post-crisis period. The author considered small and
medium-sized businesses in the European Union by the
example of the Federal Republic of Germany and the
subjects of small and medium-sized businesses of the
United States of America and pointed out their characteristic
features, types of state support and the peculiarities
of development. The article also considers the
overseas qualitative and quantitative criterial signs to
classify enterprises in groups of small or medium-sized
business.

This article is devoted to the diagnosis of
crisis in the fi nancial activities of industrial enterprises.
The author describes the main methods for identifying
crises of economic entities, which include: environmental
monitoring, analysis of the signals of a possible
change in the competitive status of the enterprise which
is held by diagnosing macro- and direct environment, fi -
nancial analysis and comprehensive diagnostic analysis
of the company. The author described a method based
on comprehensive analysis and forecasting of the conditions
of industrial enterprise, which is the initial stage
of crisis management allowing one to detect crisis phenomena
in industrial activities.