A Model of the Organizational and Economic Mechanism for Adopting and Implementing the Islamic Insurance in Russia

Журнал «Дайджест-Финансы»
т. 22, вып. 3, сентябрь 2017

Получена: 16.03.2016

Получена в доработанном виде: 17.04.2016

Одобрена: 16.05.2016

Доступна онлайн: 21.09.2017


Коды JEL: G22

Страницы: 346-355


Magomadova M.M. Chechen State University, Grozny, Chechen Republic, Russian Federation madina.magomadova@mail.ru

Importance Considering the challenges of recent years (political isolation, economic sanctions), Russia has to revisit the future development of entire sectors and its national strategy without receding, however, from the market economy principles. Those challenges turned the spotlight onto the financial system and insurance sector, in particular. Therefore, the takaful insurance and its types become an important financial institution.
Objectives I design an organizational and economic mechanism to introduce and implement the family takaful in Russia based on non-governmental pension funds.
Methods I apply methods of logical and comparative analysis to detect factors, advantages, shortcomings and problems determining how exactly the family takaful can be implemented in Russia.
Results The paper presents basic components of the organizational and economic mechanism of the family takaful implementation in Russia, underpins the need for its development, specifies its nature and sequence of actions to introduce the Islamic insurance in Russia. I offer a model of the organizational and economic mechanism for implementing the Islamic insurance in Russia and define its constituents.
Conclusions and Relevance The offered constituents of the organizational and economic mechanism represent sophisticated scientific and methodological tools for adopting the Islamic insurance in Russia and specify the key aspects of its functioning, including its tasks and objectives, participants, targets, principles and rules.

Ключевые слова: family takaful, model, mechanism, non-governmental pension fund, insurance system

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