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Modern classification of long term assets

Abstract

Due to limited access to international financial markets and the increased insufficiency of banks’ own assets, the merger scenario of individual banks is becoming more relevant, and will be aimed at creating an additional margin of safety in the financial sector. The traditional banking sector, both Kazakhstan and the world, show their inability to cope fully with crisis phenomena. In this regard, there is a need to develop new models and forms of the banking system, taking into account the new world requirements. There is a need to create an effective financial system related to the real production process and provided with real assets. A special role is played by Islamic financial instruments, directly related to the production process and allowing localizing existing risks. The article is devoted to the issues of Islamic finance in Kazakhstan as one of the alternative sources of funding the country’s economy in order to promote its diversification and further economic growth. Based on research and data from various sources about Kazakhstan, the possibilities of Islamic finance for the economy of Kazakhstan were analyzed. Thus, the authors of the article show new opportunities for increasing the investor base in Kazakhstan due to Islamic financing and diversification of funding sources, since Islamic financing instruments are distinguished by their diversity and elasticity.

About the Authors

A. A. Korzhenkulova
Академия «Кайнар»
Kazakhstan


B. Zh. Uteev
Академия «Кайнар»
Kazakhstan


E. N. Nesipbekov
ТОО «Petroleum»
Kazakhstan


References

1. Омаров Т.М. Алматы - региональный хаб исламского финансирования: http://www.iep.ru/files/Gaidarovskie_chtenia/2015/baku/omarov.pdf.

2. Туратбеков К. Развитию исламского финансирования в РК оказывается поддержка на политическом уровне - К. Келимбетов: http://online.zakon.kz.

3. Комитет по статистике Министерства национальной экономики Республики Казахстан: http://stat.gov.kz.

4. Национальный банк Республики Казахстан: http://www.nationalbank.kz.


Review

For citations:


Korzhenkulova A.A., Uteev B.Zh., Nesipbekov E.N. Modern classification of long term assets. Bulletin of "Turan" University. 2018;(2):160-165. (In Russ.)

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ISSN 1562-2959 (Print)
ISSN 2959-1236 (Online)