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FOREIGN INVESTMENTS IN KHABAROVSK AREA: MAIN DIRECTIONS, PROSPECTS AND OPPORTUNITIES
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FOREIGN INVESTMENTS IN KHABAROVSK AREA: MAIN DIRECTIONS, PROSPECTS AND OPPORTUNITIES
Annotation
PII
S0321-50750000616-3-1
Publication type
Article
Status
Published
Authors
Zhanna Petrunina 
ORCID: 0000-0003-0121-2147
Edition
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
1297
Readers community rating
0.0 (0 votes)
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