TY - GEN

T1 - The Ijarah Agreement in the Russian System of Debt Relationship

AU - Иванова, Екатерина

AU - Соколова, Светлана Владимировна

AU - Соколов, Борис Иванович

PY - 2018

Y1 - 2018

N2 - the article presents a comparative analysis of shariah standard № 9 «Ijarah, Ijarah muntahiya bittamleek» International financial reporting standard (IFRS) 16 «Leases», deals with these islamic debt instruments, as ijarah and ijarah muntahia bittamleek. The purpose of the study is the determination of the ijarah agreement in the system of debt relationship and the possibility of its use in the domestic financial market. The novelty of the research lies in the elaboration of the notion of lease relations from the point of view of international and shariah accounting standards, interpretation of the subject lease, as well as to identify specific differences and comparison of the agreement of ijarah with russian counterparts. In result of the conducted research were identified features of international, islamic and domestic law in the interpretation of the nature of debt relationship, lease, loan, borrowing and credit. In respect of shariah standard № 9 was evaluated for possible use in the russian legal environment, and identifies similarities and differences between the agreement of lease-to-own and ijarah muntahia bittamleek.

AB - the article presents a comparative analysis of shariah standard № 9 «Ijarah, Ijarah muntahiya bittamleek» International financial reporting standard (IFRS) 16 «Leases», deals with these islamic debt instruments, as ijarah and ijarah muntahia bittamleek. The purpose of the study is the determination of the ijarah agreement in the system of debt relationship and the possibility of its use in the domestic financial market. The novelty of the research lies in the elaboration of the notion of lease relations from the point of view of international and shariah accounting standards, interpretation of the subject lease, as well as to identify specific differences and comparison of the agreement of ijarah with russian counterparts. In result of the conducted research were identified features of international, islamic and domestic law in the interpretation of the nature of debt relationship, lease, loan, borrowing and credit. In respect of shariah standard № 9 was evaluated for possible use in the russian legal environment, and identifies similarities and differences between the agreement of lease-to-own and ijarah muntahia bittamleek.

KW - debt, lease,ijarah, ijarah muntahia bittamleek

UR - https://ibima.org/accepted-paper/the-ijarah-agreement-in-the-russian-system-of-debt-relationship/

M3 - Conference contribution

SN - 978-0-9998551-0-2

VL - 1

SP - 496

EP - 505

BT - Proceedings of the 31st International Business Information Management Association Conference, IBIMA 2018: Innovation Management and Education Excellence through Vision 2020

A2 - Soliman, Khalid S.

PB - IBIMA

CY - Milan, Italy

T2 - 31st International Business Information Management Association Conference: Innovation Management and Education Excellence through Vision 2020, IBIMA 2018

Y2 - 25 April 2018 through 26 April 2018

ER -