SUKUK AS AN ISLAMIC INVESTMENT INSTRUMENT AND PROSPECTS OF THEIR PLACEMENT ON THE STOCK MARKET OF KAZAKHSTAN

Abstract

The need to diversify financial resources and the inflow of new investment capital into the domestic economy requires consideration of other financing instruments. In this regard, an increased interest in Islamic financial products has arisen, which have shown significant stability against negative changes in the world economy. The subject of the article is the Islamic finance instruments - Sukuk (Islamic securities). The article examines the essence of the sukuk instrument - the equivalent of Islamic bonds - one of the most popular and developing instruments of the Islamic financial market.