Islamic Financial Institutions in a Country with a Conventional Financial System: Experience of Russian Regions
The article analyzes the trends in the development of the Islamic finance industry in the world. The current situation in the field of Islamic finance, characteristic of modern Russia as a whole, is considered. The experience of Russian regions in the development of Islamic financial institutions is analyzed; the problems accumulated in this area are identified. The direction of development of Islamic financial institutions in Russia by creating a separate type of non-credit financial organizations is proposed.