ОСНОВЫ ИСЛАМСКИХ ФИНАНСОВ И БАНКИНГА: ПРИНЦИПЫ И ПРАКТИКА

Abstract

The main thesis in Muslim finance is the fact that money itself has no value. From the point of view of Islam, Muslims cannot lend or receive money from anyone, while expecting benefits. The development of the Islamic financial market is an important global process. This research is based on the analysis of the development of the Islamic financial market and banking, the basic principles of Islamic banking, as well as alternative mechanisms and tools of Sharia financing are studied. The analysis of the changes and development of Islamic banking necessitated the following research methods: analysis, synthesis, formal logic, comparison, induction, deduction, etc. Islamic finance represents a unique form of financing based on the principles of Sharia law. They offer alternative mechanisms and tools that avoid the interest rate system and usury. The article discusses the principles of Islamic banking, which include the rejection of interest-bearing transactions, the provision of financing based on partnership and fair risk sharing. Islamic finance has significant potential for development and expansion in the global financial system. They offer opportunities for ethical investment and financing of projects that promote sustainable development and social progress. However, the introduction of Islamic banking requires the development of appropriate infrastructure, regulatory and legal frameworks, as well as qualified specialists. Further research and development of Islamic finance will help expand their application and strengthen the position of this form of financial activity in the global economy.