CONCEPT, LEGAL NATURE AND ESSENCE OF PARTNERSHIP FINANCE

Abstract

Due to current major changes of the geopolitical climate studying of international practices of providing nancial environment, which di ers from ordinary nancial products of banks and non-banking nancial organizations, is becoming increasingly important. There is a need to focus special attention to the nancing based on etic standards of doing business, which are common for most countries of Middle East region. The exploration of one or another etic standards as well as its re ection in the domestic legal systems of such countries allows extending the legal boarders in order to create a strong fundamental basis for cooperation between the state and the society, as well as between the legal parties, keeping consistent the essential nature of the civil law. The analysis of the main characteristics of transactional models, which are consistent with the etic principles, is advisable to make on the basis of the transactions common for the countries of the Islamic region. This article shows the main distinctive feature of the legal and religious rules, as well as it shows the main idea of the Islamic law. This article also shows the legal environments for the implementation of the legal norms consistent with ethical standards into the legislation of the Russian Federation.