Proceedings of the International Science and Technology Conference "FarEastСon" (ISCFEC 2019)

Socio-Economic Benefits of a Development of Muslim Goods Market in Russia

Authors
S.A. Shovkhalov
Corresponding Author
S.A. Shovkhalov
Available Online May 2019.
DOI
10.2991/iscfec-19.2019.48How to use a DOI?
Keywords
socio-economic benefits, Market of muslim products, Halal, Islam.
Abstract

The muslim goods market is becoming an important component in the retail trade of Russia. A share of this market doesn't exceed 5%, however it doesn't negate the fact that the country's population needs the offer of muslim goods, and the country's budget is replenished due to the development of this market. Despite all this, there is no program of a development of the muslim goods market in Russia. It creates a chaos in the actions of its participants. That is why this article proposes a set of priority directions for the sustainable development of the muslim goods market in Russia: an increasing the country's gross domestic product and a competitiveness of the economy, an attracting foreign capital and a developing export. It will allow to achieve social and economic results, the main of which are an increasing of the muslim goods market and an import substitution, an in-creasing of an obligatory islamic contribution (zakat) and a supply of muslim goods.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the International Science and Technology Conference "FarEastСon" (ISCFEC 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
May 2019
ISBN
10.2991/iscfec-19.2019.48
ISSN
2352-5428
DOI
10.2991/iscfec-19.2019.48How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - S.A. Shovkhalov
PY  - 2019/05
DA  - 2019/05
TI  - Socio-Economic Benefits of a Development of Muslim Goods Market in Russia
BT  - Proceedings of the International Science and Technology Conference "FarEastСon" (ISCFEC 2019)
PB  - Atlantis Press
SP  - 177
EP  - 179
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscfec-19.2019.48
DO  - 10.2991/iscfec-19.2019.48
ID  - Shovkhalov2019/05
ER  -