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EVALUATION OF THE POSSIBILITY OF APPLICATION OF ISLAMIC BANKING IN ORDER TO STIMULATE CAR SALES
Kurilov Kirill Yuryevich
Togliatti State University
candidate of economic sciences, associate professor of «Finance and Credit»
Togliatti State University
candidate of economic sciences, associate professor of «Finance and Credit»
Abstract
At present, the Russian car market is in a stage of stagnation. At the same time the main method of selling cars is currently selling cars on credit. Credit is given to the urgency of the conditions of repayment. Payment for the loan is expressed as the rate of interest paid by the borrower. The interest rate includes the fee for the use of funds and the fee for the risk. In moments of crisis, the Russian economy the interest on the loan increase and inhibit the sale of cars. In the Muslim world there is another system to provide extra resources based on a partnership with the division of responsibility.
Category: 08.00.00 Economics
Article reference:
Evaluation of the possibility of application of Islamic banking in order to stimulate car sales // Modern scientific researches and innovations. 2016. № 12 [Electronic journal]. URL: https://web.snauka.ru/en/issues/2016/12/75371
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