Browsing by Author "Rakhymberdi A."
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Item Open Access Islamic investment products: features and development prospects(2023) Rakhymberdi A.Over the past few years, there has been considerable instability in the financial sector, which has had the capacity to negatively impact other areas of the economy, such as production and services. Economists have increasingly embraced the terms Islamic finance, Islamic banking, and Islamic economics. This dissertation research aims to provide both theoretical and practical guidance for the integration and advancement of Islamic investment products within the banking practices of Kazakhstan. The main objectives of this study are to examine the necessary conditions for the progress of the Islamic economic model, compare traditional and Islamic investment products, examine international practices in utilizing Islamic investment products, propose implementation strategies specific to Kazakhstan, and suggest approaches to enhance the legislative framework for incorporating Islamic banking principles. The research employs a range of commonly used scientific methods, including analysis, synthesis, classification, induction, deduction, and comparison. The research aims to identify crucial elements that could facilitate the effective adoption of Islamic banking and investment products. These factors encompass the potential for diversifying capital sources, the existence of demand for Islamic banking products driven by the national composition of the population, the necessity of reinforcing the investment focus of lending practices, and the opportunity to leverage practical experience to adapt traditional banking products in alignment with Islamic banking principles.