Importance The challenges of recent years (political isolation, economic sanctions imposed by the USA, the EU and others), which have forced to reconsider the vector of development of entire economic sectors and the country's strategy without receding, however, from the fundamentals of the market economy, turned the spotlight on the financial system, and insurance sector in particular. Therefore, takaful insurance as a financial institution is of special importance nowadays. Objectives The aim is to develop an organizational and economic mechanism to introduce and implement the family takaful in Russia based on non-State pension funds. Methods I apply methods of logical and comparative analysis to unveil factors, advantages, shortcomings and problems determining real opportunities of family takaful realization in Russia. Results The paper presents basic elements of organizational and economic mechanism of family takaful implementation in Russia, underpins the need for its development, specifies its nature and sequence of actions to introduce Islamic insurance in Russia. I developed a model of organizational and economic mechanism of Islamic insurance realization in Russia and defined its elements. Conclusions The offered elements of the organizational and economic mechanism represent sophisticated scientific and methodological tools for Islamic insurance introduction in Russia, specifying the key aspects of its functioning, including its tasks and objectives, subjects, objects, principles and rules.
Keywords: family takaful, model, mechanism, non-State pension fund, insurance system
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