Abstract:

the article presents a comparative analysis of shariah standard № 9 «Ijarah, Ijarah muntahiya bittamleek» International financial reporting standard (IFRS) 16 «Leases», deals with these islamic debt instruments, as ijarah and ijarah muntahia bittamleek. The purpose of the study is the determination of the ijarah agreement in the system of debt relationship and the possibility of its use in the domestic financial market. The novelty of the research lies in the elaboration of the notion of lease relations from the point of view of international and shariah accounting standards, interpretation of the subject lease, as well as to identify specific differences and comparison of the agreement of ijarah with russian counterparts. In result of the conducted research were identified features of international, islamic and domestic law in the interpretation of the nature of debt relationship, lease, loan, borrowing and credit. In respect of shariah standard № 9 was evaluated for possible use in the russian legal environment, and identifies similarities and differences between the agreement of lease-to-own and ijarah muntahia bittamleek.