Skip to main content
SpringerLink
Log in

Development of Islamic Banking in Russia Based on the Example of LLC Financial House Amal

  • Financial Problems
  • Published:
Studies on Russian Economic Development Aims and scope

Abstract

The article considers the development of Islamic banking in Russia using the example of the Islamic financial organization Financial House Amal. Islamic investment treaties and tools used in Financial House Amal have been analyzed. The basic concepts and tasks of the Accounting and Audit Organization for Islamic Financial Institutions (AAOIFI) have been considered. The main conclusions on the introduction of Islamic finance in Russia have been proposed.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

References

  1. I. I. Garifullin, “Islamic Banking as a promising innovative project for the Russian economy,” in Proc. XV Int. Conf. of Young Scientists Innovative Projects in the Field of Entrepreneurship, Education, Ecology, Sports, and Tourism, St. Petersburg, November 26, 2015 (Herzen State Pedagogical University of Russia, St. Petersburg, 2015), pp. 49–54.

    Google Scholar 

  2. World Islamic Banking Competitiveness Report 2016. http://www.ey.com/Publication/vwLUAssets/ey-worldislamic-banking-competitiveness-report-2016/$FILE/ey-world-islamic-banking-competitiveness-report-2016.pdf.

  3. OOO Financial House Amal. http://fdamal.ru/.

  4. E. A. Baidaulet, Fundamentals of Ethical (Islamic) Finance: A Training Manual, Ed. by E. A. Baidaulet (Pavlodar, 2014).

  5. Sudin Kharon and Van Nursofiza Van Azmi, Islamic Financial and Banking System: Philosophy, Principles, and Practice (Izd. dom Makovskogo, Kazan, 2012) [in Russian].

  6. AAOIFI. http://aaoifi.com/.

  7. The AAOIFI Shariah standards will be translated into Russian and French. http://www.muslimeco.ru/onews/2305/.

  8. KazanSummit. http://kazansummit.ru/.

Download references

Author information

Authors and Affiliations

  1. Institute of Management, Economics and Finance, Kazan (Privolzhsky) Federal University, Kazan, Russia

    I. I. Garifullin, A. A. Daryakin & G. M. Galeeva

Authors
  1. I. I. Garifullin
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. A. A. Daryakin
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. G. M. Galeeva
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to A. A. Daryakin.

Additional information

Original Russian Text © I.I. Garifullin, A.A. Daryakin, G.M. Galeeva, 2018.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Garifullin, I.I., Daryakin, A.A. & Galeeva, G.M. Development of Islamic Banking in Russia Based on the Example of LLC Financial House Amal. Stud. Russ. Econ. Dev. 29, 214–216 (2018). https://doi.org/10.1134/S1075700718020065

Download citation

  • Received:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1134/S1075700718020065

Search

Navigation