• Vladimir Sidak KROK University
  • Tatiana Yegorova-Gudkova National Mechnikov’s University
  • Maksim Bojko KROK University
  • Andrej Krygin National Mechnikov’s University
  • Oleg Zvirkov National Mechnikov’s University



economic security system, Islamic (partnership) banking, interest of rate, stability, cenology approach, self-organization


This article solves the problem of variation of efficiency of the state's economic security system, which provides stability and security of banking activities. The functioning of banks is one of the most important priorities on which the investment attractiveness, sustainability, solvency, reliability and further development of the state economy depend. Both traditional banks and Islamic banks function in the world. The Islamic concept of financing is based on the Islamic doctrine of usury and interest, and prohibits interest rate and loan capital as a basis for usury. A more modern name for this type of banking is partnership banking. There are around 300 Islamic banks in 80 countries in the world and only 40% of them are in Arab countries. Interest in Islamic banking increases interest-free financing by more than 20% annually. The banking system of the state should include not only traditional banks, but also banks that use the partner financing system. This will contribute to the development of competition, increase the quality of banking services and expand the range of banking products offered. The banking system of the state should be an ensemble of various stakeholders.  It can be described as Application of сenology approach to the development of theory and methodology of  economic security  of state on the basis of the theory of systems, trans-disciplinary approach of the law of structural harmony of system.


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Author Biographies

Vladimir Sidak, KROK University

Doctor of Science (History), Ph.D. (Law), Professor, ”KROK” University, Kiev, Ukraine

Tatiana Yegorova-Gudkova, National Mechnikov’s University

Ph.D. (Economics), Associate Professor, Senior Lecturer, National Mechnikov’s University, Odessa, Ukraine

Maksim Bojko, KROK University

Postgraduate Student, ”KROK” University, Kiev, Ukraine

Andrej Krygin, National Mechnikov’s University

Postgraduate Student, National Mechnikov’s University, Odessa, Ukraine

Oleg Zvirkov, National Mechnikov’s University

Postgraduate Student, National Mechnikov’s University, Odessa, Ukraine


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How to Cite

Sidak, V., Yegorova-Gudkova, T., Bojko, M., Krygin, A., & Zvirkov, O. (2020). ISLAMIC CONCEPT OF FINANCING AS PROJECT AND SAFE FOR THE DEVELOPMENT OF SOCIAL SUPER-SYSTEM. Economics, Finance and Management Review, (1), 44–55.



Chapter 2. Development of Finance, Accounting and Auditing