по-русски

Actual Problems of
Economics and Law

 

16+

 

DOI: 10.21202/1993-047X.08.2014.2.12-16

скачать PDF

Authors :
1. Iskander R. Iskhakov, post-graduate student
Center for Prospective Economic Studies at Academy of Sciences of Tatarstan Republic, Kazan, Russia



The operating structure of islamic financial institution oriented to implementation of debt financing methods


Objective: to identify the reasons for the dominance of debt financing models in Islamic financial institutions and to justify the operating structure of direct investment funds as the most appropriate for the implementation of co-financing models.

Methods: abstract-logical method.

Results: on the basis of statistical data, statements and publications of various researchers in the studied area, it was revealed that the practice of modern Islamic financial institutions is inconsistent with their socio-economic goals, as expressed in the predominance of debt financing models. The cause of the problem is the inconsistency of the modern operational structure of Islamic financial institutions to the possibilities of debt financing implementation. It is proposed to solve this problem by developing direct investment funds as a form of Islamic financial institutions.

Scientific novelty: a new way is proposed to solve the problem of prevalence of debt financing models in Islamic financial institutions.

Practical value: the possibility to change the trend of the prevalence of debt financing models in Islamic financial institutions.


Keywords :

Islamic financial institutions, Islamic banks; direct investment funds; equity financing; debt financing


Bibliography :

1. Usmani, M.T. An introduction to Islamic finance. Karachi: Idaratul Ma`arif, 1998, 246 p.
2. Zubair, H. Mudaraba as a mode of finance in Islamic banking: theory, practice and problems. Kuala-Lumpur: International Islamic University of Malaysia, 2002, 314 p.
3. Murtazin, M.F. Postanovleniya i rekomendatsii Islamskoi Akademii Pravovedeniya (fikkha) (Decrees and recommendations of the Islamic Justice Academy (fikha)). Moscow: Izdatel'stvo «Ladomir», 2003, 280 p.
4. Iqbal, M., Lawellyn, D. Islamic banking and finance: new perspectives on profit-sharing and risk. Cheltenham: Edward Elgar Publishing Limited, 2002, 250 p.
5. Adams, J. Risk. London: UCL Press, 1995, 228 p.
6. Ahmed, H. Operational structure for Islamic equity finance: lessons from venture capital. Jeddah: Islamic Research and Training Institute, 2005, 303 p.
7. Kasim, M., Rasem, N. Managing risk of Islamic equity Investments initiatives and strategies. Wellington: Massey University, 2009, 466 p.
8. Khan, T., Ben Djilali, B. Modeling an exit strategy for Islamic venture capital finance. Jakarta: International Journal of Islamic Financial Services, 2002, 216 p.


Citation :