Currently, the Islamic financial system (Islamic banking) is developing dynamically and becoming an integral part of the global financial market. A significant number of Muslims live in Russia and therefore Islamic banking is relevant in the financial and economic spheres of the country. The changed geopolitical situation requires Russia to take more active steps in the field of introducing Islamic banking, which can become one of the tools for developing and increasing the competitiveness of the country’s economy, attracting investment from the countries of the Muslim world under the sanctions imposed by the West.
Islamic banks; partner financing; pilot experiment; Russian Muslims; Sharia norms; commercial activities of the bank; geopolitical situation.