 
On the 22nd of December, 2008, in the Chimney Hall of the House of
Economist a session of the Round table of the International Union of
Economists on the subject “Islam economy” took place under the
direction of the President of IUE and VEO of Russia, professor Popov
G.Kh.
 Opening
the session Popov G.Kh. noticed that “the main cause which defines
the today’s world situation is the global crisis. The question is in
the global complex crisis in which the financial and military crises,
the environment pollution and many other problems are inseparably
connected. This crisis began a long time ago, since the moment of
the end of the cold war and disintegration of the Soviet Union. But
the conclusions were wrongly construed: such as the victory of
capitalism and the failure of socialism. Socialism might had been
beaten only by a higher structure. This structure is usually called
postindustrial. Problems of going out of socialism and transition to
a postindustrial society were discussed many times by the
International Union of Economists and VEO of Russia, including the
Meeting of the IUE members in New-York in 2006.
In conditions of bursting financial crisis the interest to the
experience of Islamic financial institutes demonstrating a desirable
stability at the period of economic shocks. The question is, first
of all, in Islamic banks and insurance companies”.
The key-note address on the subject of the Round table was
made by Bekkin Renat Irikovich, senior scientific worker of the
Institute of Africa of the Russian Academy of Sciences, Ph.D. (law),
which remarked that “in modern literature there are different
interpretations of the concept “Islamic economy”.
In particular, Islamic economy is a field of knowledge which
helps people to obtain well-being through a distribution of rare
resources according to five Islamic values – without violation of
individual liberties, without rise of prolonged macroeconomic and
ecological imbalance, without weakening of family bonds and
detriment of social solidarity, without moral degradation of society.
It is likely that only by these tasks Islamic economy broadens the
bounds of economic knowledge in its traditional understanding. The
term of “Islamic economy” is conventional. The term of “Islamic
economic model” looks much more acceptable.
The modern Islamic economic model pays a great attention to the
moral aspect. Honesty is the very first condition for participants
of economic relationships. Work is a right and a duty simultaneously.
Labour in the concept of Islam is an integral part of the religion.
Islamic scientists define the following main advantages of the
Islamic economic model for states: a stable economy; a considerable
responsibility of the State for individuals; reduction of the
difference between the reach and the poor; reduction of debt burden
of the State.
Research of the International currency reserve proves that the
Islamic economy and Islamic bank structure in particular contribute
to a fair distribution of resources. In the research it was
mentioned that the Islamic bank system is less prone to risks
connected with problems of liquidity and paying capacity than the
European one.
In conclusion of his report Bekkin R.I. remarked that “Islamic
economic model or some parts of its regulations can be realized both
in Muslim countries and in non-Muslim countries. It is doubtless
that traditional banks and insurance companies had have rivals who
permitted them not to forget about moral and ethic aspects of
running their business while pursuing profits. All the peoples in
the world are interested in such development of events”.
In the discussion of the subject of the Round table participated:
Dzhemal G.D. – chairman of the Islamic Committee of Russia;
Ryabukhin S.N. – auditor of the Counting Chamber of RF;
Syukiyaynen L.R. – professor of the chair of law theory of
the Higher Economic School, D.Sc. (law);
Norkin K.B. - member of the Presidium of VEO of Russia;
Bayzakov S.B. – director of the Shortandy branch of the
Academy of State Service under the President of the Republic of
Kazakhstan, D.Sc. (economics), professor;
Urazbaev K.M. – chairman of the Economic society of the Republic of
Kyrgyzstan, Ph.D. (economics)
and others. |
