• Information about PhD, including how to apply, can be found on https://welcome.kaznu.kz/en/welcome/doctorate

• MODEL OF GRADUATING STUDENT

Upon completion of this educational program, doctoral students are expected to be able to:

ON1 - to Demonstrate the presence of a significant amount of scientific knowledge acquired in a systematic way and reflecting the current state of Islamic Finance, its specific areas.

ON2 - Organize, process and analyze knowledge that allows to give a critical assessment of the problems studied and discussed in the framework of the development of Islamic Finance in the world, Europe.

ON3 - to Study the trends and patterns of investment of Takaful companies, analyze the current state and predict future investment flows; to present new research on investment models of Takaful companies and assess the applicability of Takaful models.

ON4 - Systematize the global financial experience on the topics of financial systems assessment, corporate governance, Islamic Finance and public policy; explore the regulatory framework within the framework of compliance with Sharia principles, and predict the opportunities for the development of the Islamic financial industry in Kazakhstan.

ON5 - to monitor the evolution of the Takaful industry in the world economy and to create their own models about the importance of risk sharing through discussion of various models of cooperation and critical analysis of their effectiveness, including lighting case studies and critical evaluation of the Islamic insurance models and alternative financing mechanisms.

ON6 - Based on the study of concepts, design features, contract structures, profitability and payments in all twelve global sukuk markets, develop practical recommendations for the application of these tools in real-world scenarios, providing Islamic Finance professionals and non-specialists with a deeper understanding of the sukuk market in the corporate sector as well as in Islamic banking and Finance.

ON7 - Critically analyze and compare the fundamental concepts of the activities of Islamic investment funds, apply methods and tools of analysis in the organization of Islamic investment for both Muslims and non-Muslims.

ON8 - to Develop applied models of processes, phenomena and objects related to the field of Islamic financial management; to develop products for the Islamic financial industry; to evaluate and implement the Islamic banking model and financial regimes currently used by Islamic financial institutions; to consider the future prospects and opportunities of the Islamic financial industry.

ON9 - to Integrate the results of scientific research into the educational process in the development of educational programs, training courses, modules, educational and methodical documentation; to develop and implement in the educational process the author's course based on the competence approach.

ON10 - Proanalizirovav international experience in the field of international development and Finance to assess financial systems, corporate governance, Islamic Finance and public policy to offer their own informed perspective on corporate Finance within the Islamic Finance industry, to develop a corporate strategy to plan, coordinate and manage an Islamic Finance company.

ON11 - to Create financial innovations in the form of sukuk production in the Kazakh market; to conduct an independent financial examination of the commercial project, implementation of license, certification requirements and regulatory and methodological documents to assess the feasibility of sukuk production and its efficiency, optimization of business processes, business models, selection of effective solutions for the company's development in the sukuk market.

ON12 -to Demonstrate organizational skills and initiative; to form business contacts, to carry out effective communication with the internal and external environment of the company; to be adequately guided in various social situations; to be fluent in a foreign language for the implementation of scientific communication and international cooperation; competent in carrying out qualified conclusions on complex problems in the field of Islamic Finance, to be able to clearly Express their ideas and conclusions, both for specialists and non-specialists.

• MAJOR DISCIPLINES

• 1. Scientific Research methodsific

• Number of credits: 3
• Type of control: [RK1+MT1+RK2+Exam] (100)
• Description: The purpose of the discipline is to form the ability of scientific thinking and perception of the natural-scientific picture of the world, as well as an idea of the main components of the research and development process; to master the skills of planning and organizing scientific work in current areas of accounting and Finance.The discipline provides further development and improvement of competence in the field of ideas about the specifics of research activities; systematization of knowledge about the principles of scientific research and the main stages of work on it, obtaining knowledge about the basic principles of scientific referencing and citation.

• 2. The market for Islamic securities

• Number of credits: 5
• Type of control: [RK1+MT1+RK2+Exam] (100)
• Description: The purpose of the discipline: is to form knowledge about the concepts, design features, contract structures, profitability and payments in the Islamic securities market. As a result of mastering the discipline, the undergraduate will be able to: 1. to determine the type of risks in Islamic securities and to clarify the mechanism of its management; 2. apply the basic concept of Islamic securities risks in their characterization and assessment; 3. assess the use of derivatives and hedging instruments, futures and swaps; 4. use risk management methodology in accordance with Islamic principles; 5. develop options for management decisions when buying Islamic securities in international markets and justify their choice on the basis of digital technologies 6. evaluate the features of Islamic financial institutions in the Islamic securities market; 7. design, develop and implement innovative financial instruments and processes related to the placement of Islamic securities. Regulation of securities, fundamentals and principles of Islamic Finance in relation to these instruments; t-test of comparison between ordinary bonds and Islamic securities, risk factors, as well as the issue of various types of Islamic securities

• 3. Academic writing

• Number of credits: 2
• Type of control: [RK1+MT1+RK2+Exam] (100)
• Description: The purpose of the scientific writing discipline is to form the ability of doctoral students to have skills and practical skills in the field of application development and improvement of competence in the field of academic writing: the ability to properly organize their own ideas of scientific research, clearly substantiate them and convincingly express them; knowledge of the technology of structuring an academic text; reflection skills: searching for errors and analyzing your own text for writing scientific papers.The discipline provides further development and improvement of competence in the field of academic writing for the application of acquired knowledge and skills in the field of finance, accounting, auditing, financial and managerial analysis in English, including such important aspects as writing articles on the topic of research and publishing them in foreign scientific magazines, graphic design, tables and illustrations. The course of the discipline examines the organization of the text in academic writing, the features and rules of writing an article: an overview of the sections, content, and the creation order. Also, special attention is paid to the methodology: writing scientific visuals and presentations, features of scientific English: grammar, style, vocabulary, sentence structure and punctuation.

• 4. PhD thesis writing and defence

• Number of credits: 12
• Type of control: Doctoral thesis
• Description: The main purpose of "PhD thesis writing and defence": of a doctoral dissertation is the formation of the doctoral students' ability to disclose the content of research work for the defense of the thesis. During the study of course, doctoral student's should be competent in: 1. to substantiate the content of new scientifically grounded theoretical and experimental results that allow to solve a theoretical or applied problem or are a major achievement in the development of specific scientific directions; 2. explain the assessment of the completeness of the solutions to the tasks assigned, according to the specifics of the professional sphere of activity; 3. they can analyze alternative solutions for solving research and practical problems and assess the prospects for implementing these options; 4. apply the skills of writing scientific texts and presenting them in the form of scientific publications and presentations. 5. to plan and structure the scientific search, clearly highlight the research problem, develop a plan / program and methods for its study, formalize, in accordance with the requirements of the State Educational Establishment, the scientific and qualification work in the form of a thesis for a scientific degree Doctor of Doctor of Philosophy (PhD) on specialty «8D07502 – Standardization and certification (by industry)». During the study of the discipline doctoral student will learn following aspects: Registration of documents for presentation of the thesis for defense. Information card of the dissertation and registration-registration card (in the format Visio 2003). Extract from the minutes of the meeting of the institution, in which the preliminary defense of the thesis took place. Cover letter to the Higher Attestation Commission. Expert conclusion on the possibility of publishing the author's abstract. Expert opinion on the possibility of publishing a dissertation. Minutes of the meeting of the counting commission. Bulletin for voting. A shorthand record of the meeting of the dissertational council. List of scientific papers. Response of the official opponent. A review of the leading organization. The recall of the scientific adviser.

• 5. Investments in Islamic funds

• Number of credits: 5
• Type of control: [RK1+MT1+RK2+Exam] (100)
• Description: The purpose of the discipline is to form the ability to analyze the features and trends of the Islamic financial industry, to assess the profitability and risks of investments in Islamic funds As a result of studying the discipline the undergraduate will be able to: 1. interpret the specifics of Islamic investment; 2. critically analyze compliance with the principles of Sharia in the decision to invest a particular Islamic product; 3. develop options for management decisions when choosing investments and justify their choice on the basis of digital technologies; 4. apply the acquired knowledge in the field of financial engineering in the search for new investment solutions; 5. identify scientific priorities and formulate relevant scientific problems and problems on the topic of their research; 6. to identify promising areas of research, to justify the relevance, theoretical and practical significance of the problem, to formulate hypotheses, to conduct empirical and applied research Basic principles of Islamic investment for both Muslims and non-Muslims; Islamic capital and fixed income products, the need to invest in Islamic funds in this fast-growing market

• 6. Methodology of Economic Research

• Number of credits: 5
• Type of control: [RK1+MT1+RK2+Exam] (100)
• Description: The main purpose of course: The main purpose of course - to form the ability to carry out theoretical analysis and formulation of principles, goals, objectives, objects, the subject of ongoing research; Justification of scientific novelty of research. During the study of the discipline master program students will learn following aspects: existing concepts, theories and approaches of the study of economic processes; methodological problems of research development; databases for high-quality bibliographic, historiographic review

Data for 2017-2020 years

• ELECTIVE DISCIPLINES

• 1. Investment portfolios of Takaful companies

• Type of control: [RK1+MT1+RK2+Exam] (100)
• Description: The purpose of the discipline: to form the ability to evaluate the investment portfolios of takaful companies, their General investment patterns, and their future investments. As a result of mastering the discipline, the undergraduate will be able to: 1. analyze and evaluate the effectiveness of the formation of investment portfolios of Takaful companies; 2. to analyze a model of risk management in Islamic insurance; 3. justify the choice of a package in solving a specific problem; 4. synthesize and systematize knowledge and practical skills of application of prohibitions and indicative indicators in the preparation of contracts of Islamic Finance; 5. generate new knowledge based on modern paradigms and requirements related to financial globalization; 6. predict the development of financial situations, make optimal decisions in financial modeling based on the analysis of the results of economic and mathematical models Islamic insurance industry (takaful), trends and patterns of investment of takaful companies, investment portfolios of takaful companies both in the EU and in Malaysia, the top of the Islamic financial industry

• 2. Islamic Finance in European countries

• Type of control: [RK1+MT1+RK2+Exam] (100)
• Description: The purpose of the discipline: to develop the ability to assess the development of the Islamic financial industry by comparing economic and legal points of view, considering both European and national levels and considering both academic and technical approaches. As a result of mastering the discipline, the undergraduate will be able to: 1. identify the main prerequisites for the organization and conduct of Islamic banking in the world practice; 2. to analyze the experience of the UK in the use of Islamic financial instruments. 3. to offer a comparative description of the Islamic economy as a potential factor of socio-economic development of different countries 4. generalize European approaches and create their own models and scenarios for the introduction of new Islamic instruments in the economy of Kazakhstan; 5. interpret the compliance of the Islamic banking and financial model with the European framework; present different experiences in individual member States (Germany, France, Italy and the United Kingdom); identify the most effective methods of financial risk management; 6. to assess the methods of regulation of Islamic Finance in European countries in its practical significance, ensuring the effective solution of financial and economic problems at all levels of Islamic Finance management; 7. generalize, interpret the results of training in the context of the theory of Islamic Finance, analyze the dynamics of solving the problems of Islamic Finance; synthesize and systematize the knowledge and practical skills of the application of prohibitions and indicative indicators in the preparation of contracts of Islamic Finance Islamic banking and financial models, different experiences in the development of Islamic Finance in individual EU member States (Germany, France, Italy and the United Kingdom).
• 3. Islamic Finance and economic development

• Type of control: [RK1+MT1+RK2+Exam] (100)
• Description: The purpose of the discipline is to develop the ability to assess the development of the Islamic financial industry for risk management, regulation and corporate governance. As a result of the development of the discipline doctoral student will be able to: 1. generate new knowledge based on modern paradigms and requirements related to the globalization of the introduction of Islamic Finance in the national economy; 2. generalize, interpret, evaluate methods and tools of Islamic Finance used in different countries of the world, analyze the dynamics of Islamic Finance; 3. process financial and economic information using software; 4. develop options for management decisions on the production and placement of sukuk in international markets and justify their choice on the basis of digital technologies; 5. apply the acquired knowledge in the field of financial engineering in the development of innovative solutions related to the development of Takaful in the world; 6. to identify scientific priorities and formulate actual scientific tasks and problems of development of Islamic banking in the world; 7. analyze trends in the development of Islamic Finance and summarize them in the form of research and doctoral dissertation Corporate Finance within the Islamic financial industry, international experience in the development of Islamic Finance, global financial experience in the evaluation of financial systems, corporate governance, Islamic Finance and public policy

• 4. The market for Islamic securities

• Type of control: [RK1+MT1+RK2+Exam] (100)
• Description: The purpose of the discipline: is to form knowledge about the concepts, design features, contract structures, profitability and payments in the Islamic securities market. As a result of mastering the discipline, the undergraduate will be able to: 1. to determine the type of risks in Islamic securities and to clarify the mechanism of its management; 2. apply the basic concept of Islamic securities risks in their characterization and assessment; 3. assess the use of derivatives and hedging instruments, futures and swaps; 4. use risk management methodology in accordance with Islamic principles; 5. develop options for management decisions when buying Islamic securities in international markets and justify their choice on the basis of digital technologies 6. evaluate the features of Islamic financial institutions in the Islamic securities market; 7. design, develop and implement innovative financial instruments and processes related to the placement of Islamic securities. Regulation of securities, fundamentals and principles of Islamic Finance in relation to these instruments; t-test of comparison between ordinary bonds and Islamic securities, risk factors, as well as the issue of various types of Islamic securities

• 5. Securitization of sukuk

• Type of control: [RK1+MT1+RK2+Exam] (100)
• Description: The purpose of the discipline is to form knowledge about the concepts, design features, contract structures, profitability and payments in the global sukuk markets. As a result of mastering the discipline, the undergraduate will be able to: 1. to evaluate the methods and tools of Islamic fianancing used in different countries of the world, to analyze the dynamics of the Islamic securities market. 2. offer the most effective methods of financial risk management in the issuance and investment in sukuk 3. develop options for management decisions on the production and placement of sukuk in international markets and justify their choice on the basis of digital technologies 4. to evaluate the features of the Islamic financial institutions engaged in targeted financing through the sukuk contract regimes 5. design, develop and implement innovative financial instruments and processes related to the securitization of sukuk; 6. publish publications on the results of research in foreign scientific journals with non-zero impact factor according to the database of scientific journals of Thomson Reuters or included in the database Scopus, as well as participate in international scientific/methodological conferences; to evaluate and predict theoretical and practical problems in the field in domestic scientific/methodological publications Regulation of sukuk securities, fundamentals and principles of Islamic Finance in relation to these instruments; t-test of comparison between ordinary bonds and sukuk, risk factors, issuance of various types of sukuk

• 6. Takaful and corporate investments

• Type of control: [RK1+MT1+RK2+Exam] (100)
• Description: The purpose of the discipline: is to develop the ability to distribute risks by discussing different models of cooperation and critically analyzing their effectiveness, including highlighting case studies and critical evaluation of the Islamic insurance model and the role of alternative financing mechanisms. As a result of mastering the discipline, the undergraduate will be able to: 1. present Islamic insurance: concept, sources, basic concepts and principles; 2. analyze the Islamic investment market, the growth of investment and the expansion of geography; 3. to assess the legal problems of Islamic entrepreneurship in Kazakhstan and the possibility of developing Islamic insurance; 4. design, develop and implement innovative financial instruments and processes related to the development of Islamic insurance; 5. to determine the needs of Kazakhstanis in Islamic insurance products and to develop models of Takaful insurance; 6. apply traditional Islamic legal concepts, categories and institutions governing property relations; 7. to analyze the features and trends in the development of Islamic law in the field of Islamic insurance. Risks in Takaful, trends and patterns of investment in companies takaful, the investment portfolios of takaful companies in the Islamic financial industry

Data for 2017-2020 years

• PROFESSIONAL

• Publication of the main scientific results of the dissertation in scientific journals
• Participation in international scientific conferences
• Performance Doctor
• Scientific Internship
• Research Seminar
• Publication in the Proceedings of International Conferences
• Publication in journals recommended by CCSES or indexed by Web of Science, Scopus Databases
• Research practice
• Teaching Internship

  Data for 2017-2020 years