Abstract
The article discusses the features of the functioning of the Islamic economy, which has specific tools for functioning on the basis of the Holy Scriptures. After centuries, these mechanisms have been effectively used by the banking sector, meeting the needs of the development of the world economy. An attempt is made to compare modern banking terminology with traditional concepts of Islamic banking. Historical examples of the use of Islamic instruments of financial and economic activity are given, as well as objective facts and figures that indicate the huge volumes of assets regulated by elements of Islamic banking in Islamic and Western countries. The special role of the so-called Islamic windows in numerous Western banks is noted.
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