Books and articles by R. Bekkin

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This article discusses how an Islamic insurance (takaful) model has been implemented in two CIS-countries (Russia, Kazakhstan) in recent years. The author examines legal regulation of takaful in countries where a special legislation on takaful was not adopted (Russia) or is in draft form (Kazakhstan). The author also notices inconsistent use of Islamic finance and takaful terminology by legislators in Kazakhstan. In the case of Russia the article tells about a number of attempts to set up takaful business in the absence of specific legal regulation for such type of insurance. Special attention is paid to the attempts to launch of takaful products (non-life insurance) by Evro-Polis company in the Republic of Tatarstan (Russian Federation) in 2012.

In Arabic

In the second of a two-part analysis, Dr Renat Bekkin, senior research fellow at Mardjani Foundation, Moscow, continues the discussion on poverty alleviation, in the case of Russia.

In the first of a two-part analysis, Dr Renat Bekkin, researcher at Moscow State Institute of International Relations, Ministry of Foreign Affairs of Russia, ponders the issue of poverty alleviation by the means of waqf, in the case of Russia.

See the Arabic version of the paper

Having survived a civil war and living in international isolation, Somaliland, a de facto independent state in the territory of Somalia, is gradually developing its financial sector. The banking services are interest-free in this entirely Muslim republic. But does it mean they are Shari’ah-compliant? Renat Bekkin, PhD in Law, senior researcher at the Institute for African Studies of the Russian Academy of Sciences, reports.

The paper considers the experience of application of Islamic economic model in Russia. The history and current practice of Islamic financial institutions (Islamic banks, takaful-insurance companies, waqfs etc.) is observed. The author analyses the mistakes admitted in current work of Russian Islamic financial institutions. The author’s analysis is based on his own operational experience in Islamic bank and insurance company.

RuЯland ist ein multinationales und auch multikonfessionelles Land. Viele Angehцrige der dort lebenden Vцlker bekennen sich zum Islam, vor allem im Nordkaukaus und im Wolgagebiet Die Scharia sieht im Bank- und Finanzwesen eine Reihe sich aus den heiligen Schriften des Islam ergebender Vorgaben und Regeln fьr die Tдtigkeit islamischer Bankinstitute und Versicherungsgesellschaften vor. Da RuЯland kein moslemisches Land ist, mьssen die Schariagesetze und die russische Gesetzgebung in Ьbereinstimmung gebracht werden.

According to most Western experts, insurance originated in the 14th century C.E., although some scholars hold that insurance proper did not appear before the 18-19th centuries. A minority (B. Emerigon, P. Goldschmidt and others) hold that the insurance contract was already known in Ancient Rome. They refer mainly to trade and religious unions known as collegia tenniorum and collegia funeraticia. The insurance contract is the key to this dispute: those scholars who deny the existence of insurance in antiquity and early Middle Ages (up to the 14th century when marine insurance began to be widely practiced in Europe) base their view on the fact that the insurance contract was unknown in those times.