Islamic banking - the basis for the development of banking innovation

UDC 336.71

Authors

Manuilenko V.V., Borlakova A.I.

Abstract

The subject of the study is the economic content, features of the development of Islamic banking. The goal is to determine the relationship between an Islamic bank and the development of banking innovation. Research methods - analysis, synthesis, induction, deduction, systemic thinking. Results of the study: identified sources of profit, advantages, factors limiting the development of Islamic banks. The scope of the results is the Russian banking system. Conclusion: the development of Islamic banking in the national banking sector contributes to the creation of banking innovations, the functioning of new segments of the banking market.

Keywords

Islamic banking, banking innovation, Islamic bank, banking product (service).