- PII
- S0321-50750000616-3-1
- DOI
- 10.31857/S50000616-3-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume / Issue №7
- Pages
- 60-64
- Abstract
- Article provides an author’s view of the modern political and financial problems facing the majority of the Muslim countries of the Middle East, Southeast Asia and Africa. The author comes to conclusion about perforce of revision of a paradigm of economy’s development and transition to Islamic economic model either within the countries, or at the bilateral and international economic relations.It’s known that Islamic financial institutions working under Shariah principles and denying usury (Riba), excessive risk (Maysir), uncertainty (Gharar) and forbidden activities (production and trade in alcohol, pork, the offensive weapon; traditional finance; and the adults industries), under the environment of the globally raising volatility and the financial crisis show stable growth.The ethical finance based on more fair and humanistic confessional principles can stabilize economies of the Islamic and non-Muslim countries, having accumulated the assets of the population, which are not used until this time for religious reasons, and attracting foreign investments via approved Islamic financial instruments (products). The Islamic financial model can also weld the separate Islamic states, having created political stability via economic cooperation and unity of financial methods.
- Keywords
- Islamic countries, revision of a paradigm of development, Islamic financial principles
- Date of publication
- 01.07.2016
- Number of purchasers
- 1
- Views
- 1349
RAS History & PhilologyAsia and Africa Today
- ISSN (Print) 0321-5075
- ISSN (Online)2782-2389
FOREIGN INVESTMENTS IN KHABAROVSK AREA: MAIN DIRECTIONS, PROSPECTS AND OPPORTUNITIES
Индексирование
Scopus
Crossref
Higher Attestation Commission
At the Ministry of Education and Science of the Russian Federation
Scientific Electronic Library