Development of Partner Financing to Support Small and Medium-Sized Businesses

The subject of the study is the system of economic relations that develop in the process of introducing partner financing into the practice of Russian credit and non–credit financial organizations based on foreign experience and regulatory frameworks to ensure and expand support for small and medium-sized businesses and the development of the financial and banking sectors of the economy. The purpose of the work is to assess the possibilities of applying foreign experience of Islamic finance in the activities of Russian credit and non–credit financial organizations and analyze the legal regulation of the conditions for the development of partner financing to support small and medium-sized businesses and formulate proposals on this basis to improve the economic and legal conditions for the development of partner financing of small and medium-sized businesses by organizations of the banking and financial systems of the Russian Federation. It is concluded that the introduction of partner financing into the Russian practice of banking and financial services can become an important stage for expanding financial instruments to attract new investors and developing economic relations with the countries of the Islamic world, provided compliance with international standards is ensured.

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