Template-Type: ReDIF-Article 1.0 Author-Name:Pavel Trunin Author-Name-First: Pavel Author-Name-Last: Trunin Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name:Marina Kamenskikh Author-Name-First: Marina Author-Name-Last: Kamenskikh Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name:Margarita Muftiahetdinova Author-Name-First: Margarita Author-Name-Last: Muftiahetdinova Author-Workplace-Name: Gaidar Institute for Economic Policy Title:Islamic Banking System: Present State and Prospects for Development Abstract:The aim of this publication is to describe main principles of functioning of islamic banking system as well as the consequences for appearence of islamic financial institutions on traditional financial markets. In near future some of these institutions can appear in Russia. That is why Russian banks, nonfinancial enterprises, government bodies and population at large should be ready to this development of events and understand the consequences of this tendency for the country's economy. Year: 2009 Issue: 122P File-URL: http://www.iep.ru/files/RePEc/gai/rpaper/92Trunin.pdf File-Format: Application/pdf File-Function: Revised version, 2012 Classification-JEL: F33, G21 Keywords:Islamic, Banking System Handle: RePEc:gai:rpaper:92 Language:ru