Russian Federation
St. Petersburg, St. Petersburg, Russian Federation
VAC 5.2.4 Финансы
The study is devoted to an urgent problem of the modern Russian economy - the search for alternative sources of capital attraction. With unstable exchange rates, rising interest rates, and limited access to Western investments following the imposition of economic sanctions, Russian businesses face high borrowing costs. In this regard, the use of Islamic banking, a system based on the principles of Sharia, where borrowed funds are provided without interest (riba), is of particular interest. The issue of the possibility and expediency of using Islamic banking as an alternative source of financing for Russian business requires a comprehensive analysis. The purpose of the article is to develop recommendations on the use of Islamic banking to attract borrowed funds to Russian companies. The objectives of the study were: to analyze the legal regulation of Islamic banking in Russia and identify possible legal risks; to assess the financial risks associated with raising funds through Islamic financial institutions; to analyze the effectiveness of using halal instruments in terms of liquidity and the cost of borrowed funds. Research results: partner financing has the potential to increase the financial stability of an organization by dividing not only profits, but also losses among participants; for the successful implementation of Islamic banking, an internal infrastructure must be created to ensure the company’s legal and financial readiness for partner projects; To reduce the risks associated with partner financing, it is recommended to implement proactive measures, such as thorough legal review of concluded agreements, regular monitoring of financial indicators and compliance with principles of transparent interaction with partners; reactive barriers, including budget adjustments, renegotiation and crisis management, also play an important role in minimizing possible negative consequences. The results of the study will be useful to representatives of the business environment, financial analysts, as well as researchers studying Islamic financial instruments and their adaptation to the Russian economy.
Islamic banking, partner financing, risks of joint activities, problems of legislative regulation, the use of Islamic banking in Russia, partnership financing experiment
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