When the global crisis broke out, many economists and the media began to talk about the Islamic financial sector’s resistance to crisis trends and a certain anti-crisis immunity that Islamic banks enjoy. The best way to illustrate this issue is to make a comparative analysis of financial indicators for 2008, the year when the global financial sector was the hardest hit, and performance in 2009 when the economy started to turn around (mainly due to steps taken by governments to prop up the financial sector). There are various types of the socalled Halal investment funds. They differ in terms of investment strategies, types of assets and many other characteristics.

The aim of the research is to investigate the likelihood of the financial crisis to occur if the Islamic Financial system had been globally adapted. It is includes a brief description of the main causes of the global financial crisis mentioned by experts, which are mainly the subprime and adjustable rate mortgages (ARM) loans. In addition, the paper includes Islam’s position on interest, which is basically prohibiting it. Furthermore, the basic contract and regulation model for Islamic finance used by Islamic Banks, such as, mudarabah and Murabahaetc, are described. Finally, a comparison between the Islamic and conventional  financial systems is included. It was found by this research that the Islamic system would have prevented the crisis.

There is analysed the history of development of Islamic institutes in Russia by interconfessional dialogue in this article Analyzing past and present situation, the researcher wrote that there was long contact between the Islam and the Christianity in the Middle Volga region, which caused the culture of dialogue and tolerance. Also there is think about the role of government policy in development traditional institutes of Islam in Russia.

The article devoted to history of the Tatars and Muslims in the South Ural region. From foundation of Orenburg in the steppes for development relations with Central Asia Tatar migrants began to play a part of mediators between Russia and Muslim world of Central Asia. And now the Tatars in Orenburg region keep Islamic traditions of their ancestors.

This article concerns the problem of muslim marriage in Russian Empire at the end of XVIII-beginning of XX centuries. It pays particular attention to the problem of cooperation of different legal systems in one state. The problem becomes actual because the number of muslims in non-muslim states is increasing. The history of Russia gives an interesting sample.

The article examines the historical themes written by Akhmed Yasawi about great Sufi sheikhs: sheikh Mansur al-Halladj, sheikh Abu Bakr ash-Shibli and sheikh Abu Yazid alBistami. Controversial attitude of Akhmed Yasawi towards the ideas of Mansur al-Halladj is analyzed. For instance, he in his own fashion interprets the legend by Mansur al-Halladj about the butterfly (soul of the person), which burns in the flame of the candle (Light of Allah). In the same vein, Akhmed Yasawi critically addresses some theories of sheikh Abu Yazid al-Bistami. Only the ideas of Abu Bakr ash-Shibli are not critically discussed by Akhmed Yasawi. His image is illustrated by Akhmed Yasawi as an example for emulation and calls for assimilation of Sufi knowledge. However, a respectful personal attitude of Akhmed Yasawi in the khikmets towards spiritual and intellectual legacy of all great sheikhs is also found.