SOME NON-FINANCIAL ASPECTS OF “ISLAMIC” FINANCES

Currently, capitalist development of countries is closely connected with unequal income distribution both among different segments of the population and among countries. This tendency is clearly seen in the economies of Arab countries, among which there are countries from the top 10 of the riche...

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Autor principal:	S. Y. BABENKOVA
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2017
Materias:	islamic finances middle eastern countries economic diversification oil migration cash transfers International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/09747a283eaa4d7ab752c6287370f066
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spelling	oai:doaj.org-article:09747a283eaa4d7ab752c6287370f0662021-11-07T14:45:01ZSOME NON-FINANCIAL ASPECTS OF “ISLAMIC” FINANCES2542-02402587-932410.23932/2542-0240-2017-10-2-50-65https://doaj.org/article/09747a283eaa4d7ab752c6287370f0662017-11-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/28https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324Currently, capitalist development of countries is closely connected with unequal income distribution both among different segments of the population and among countries. This tendency is clearly seen in the economies of Arab countries, among which there are countries from the top 10 of the richest countries, and countries set back in their economic development by decades because of world power interference in their sovereignty. Thus obtained new economic order shows the formation of new, unequal relations between different countries of Arab world where partnership relations are offset by arisen systemic crisis. The article considers such social and economic processes taking place in Arab countries as migration flows, macroeconomic consequences of decline in the world price of hydrocarbons, cash outflow from Arab oil-exporting countries. In addition, in the article are given main financial indicators of major Arab banks working with Islamic finances, indicators (in dynamics) of the oil sector, consequences of avoidance from commodity dependence by economic diversification in the GCC, the problems of liquidity not peculiar to Islamic financial institutions but to the economies of Middle Eastern countries are analyzed. Based on the information given in the article, it is worth noting that in the context of globalization and external economic processes, Islamic finances represent cash flow of Islamic countries whose essence does not carry their original purpose.S. Y. BABENKOVAАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articleislamic financesmiddle eastern countrieseconomic diversificationoilmigrationcash transfersInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 10, Iss 2, Pp 50-65 (2017)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	islamic finances middle eastern countries economic diversification oil migration cash transfers International relations JZ2-6530
spellingShingle	islamic finances middle eastern countries economic diversification oil migration cash transfers International relations JZ2-6530 S. Y. BABENKOVA SOME NON-FINANCIAL ASPECTS OF “ISLAMIC” FINANCES
description	Currently, capitalist development of countries is closely connected with unequal income distribution both among different segments of the population and among countries. This tendency is clearly seen in the economies of Arab countries, among which there are countries from the top 10 of the richest countries, and countries set back in their economic development by decades because of world power interference in their sovereignty. Thus obtained new economic order shows the formation of new, unequal relations between different countries of Arab world where partnership relations are offset by arisen systemic crisis. The article considers such social and economic processes taking place in Arab countries as migration flows, macroeconomic consequences of decline in the world price of hydrocarbons, cash outflow from Arab oil-exporting countries. In addition, in the article are given main financial indicators of major Arab banks working with Islamic finances, indicators (in dynamics) of the oil sector, consequences of avoidance from commodity dependence by economic diversification in the GCC, the problems of liquidity not peculiar to Islamic financial institutions but to the economies of Middle Eastern countries are analyzed. Based on the information given in the article, it is worth noting that in the context of globalization and external economic processes, Islamic finances represent cash flow of Islamic countries whose essence does not carry their original purpose.
format	article
author	S. Y. BABENKOVA
author_facet	S. Y. BABENKOVA
author_sort	S. Y. BABENKOVA
title	SOME NON-FINANCIAL ASPECTS OF “ISLAMIC” FINANCES
title_short	SOME NON-FINANCIAL ASPECTS OF “ISLAMIC” FINANCES
title_full	SOME NON-FINANCIAL ASPECTS OF “ISLAMIC” FINANCES
title_fullStr	SOME NON-FINANCIAL ASPECTS OF “ISLAMIC” FINANCES
title_full_unstemmed	SOME NON-FINANCIAL ASPECTS OF “ISLAMIC” FINANCES
title_sort	some non-financial aspects of “islamic” finances
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2017
url	https://doaj.org/article/09747a283eaa4d7ab752c6287370f066
work_keys_str_mv	AT sybabenkova somenonfinancialaspectsofislamicfinances
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SOME NON-FINANCIAL ASPECTS OF “ISLAMIC” FINANCES

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