BASIC PRINCIPLES OF PARTNERSHIP FINANCE

Abstract

The so-called “Islamic” transactions are deemed most popular ethical-based transactions in the modern financial world. At the same time it should be particularly noted, that this local segment of the financial market is constantly developing. The financial market of the Russian Federation, despite the current complicated geopolitical situation, shows an active expanding of the partnership financing as well as high involvement of physical persons into the Islamic law-based transactions. Thus, it should be admitted, that the studying of the partnership finance phenomenon is inseparably linked with the necessity of examination of basic standards and restrictions, forming its basis. This article shows the main points of intersection of ethical restrictions and separate aspects of activities of the economic entities. The article also shows in details core principles of the partnership financing, such as the separate transactions accounting principle, the prohibition of the interest income, the revenue sharing principle, and the forbid of financing of some particular assets/activities.