ANALYSIS OF ISLAMIC FINANCE DEVELOPMENT IN THE ECONOMY OF KAZAKHSTAN

Abstract

Islamic financial institutions continue to grow worldwide due to the introduction of new technologies. The development of their assets in the market of economic services is based on the conceptualization of the importance of innovation in the face of competition from traditional banks. This article discusses the tools of Islamic finance, analyzes the activities of Islamic financial institutions. In the end, difficulties and obstacles to their development in Kazakhstan were identified, and actions that led to the development of the basic infrastructure of Islamic finance in the country were presented.