THE FUTURE OF THE DEVELOPMENT OF ISLAMIC FINANCE IN THE CONDITIONS OF THE MARKET ECONOMY
The article analyzes the indicators and changes in the gross domestic product of Kazakhstan (hereinafter - GDP) for the period from 2013-2017. The dynamics of the national currency exchange rate for the US dollar and the main indicators of the Commonwealth countries (hereinafter - the CIS) for 2013-2017 are given. The article shows trends in the influence of market economy conditions on the indicators of the country and the CIS. Therefore, the main priority objectives of financial policy should be further GDP growth with the mandatory direction of increasing the share of entrepreneurship. The issues of the need for the development of small and medium-sized businesses (hereinafter - SMEs) in Kazakhstan, as well as the problems of finding sources of business financing, are considered. Islamic finance is an alternative way to promote new forms of entrepreneurship and finance them. The ongoing changes in the countries of the commonwealth in the development of instruments of Islamic finance are shown. Kazakhstan is also considering the possibility of Islamic finance, implying high ethical principles, correlated in accordance with Sharia law.