TO THE QUESTION OF SPECIFICS OF FUNCTIONING OF ISLAMIC BANKING AND THE FACTORS STOPPING ITS DEVELOPMENT IN THE TERRITORY OF THE RUSSIAN FEDERATION

Abstract

In this article the main economic mechanisms and specifics of functioning of Islamic banking in a world financial system in general and those difficulties connected with fixing of the IFSB, AAOIFI standards at the legislative and legal levels which Islamic banks in the territory of Russia face, in particular are considered, experience of introduction of the Islamic principles of banking of colleagues of the Kyrgyz Republic is presented.

Keywords

• world financial system
• islamic banking
• standards of sharia
• investment
• legislation