03. Graduate School of Public Policy
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Browsing 03. Graduate School of Public Policy by Subject "Astana International Financial Centre"
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Item Restricted Benchmarking for success – the case of AIFC in comparative perspective(Nazarbayev University Graduate School of Public Policy, 2017) Bekbassarov, TilekThis paper is focused on assessing the chances of the recently announced project of establishing Astana International Financial Centre (AIFC). At the same time Kazakhstan already has an unsuccessful attempt with the regional financial centre of Almaty. But this time the idea of AIFC sticks to the successful DIFC (Dubai) model with all its respective features as an anchor benchmark. Having some country specific differences between United Arab Emirates and Kazakhstan perhaps it is not enough just to make a copy of the center’s model, it’s also important to take into account characteristics of their economy and policy. To take into account other benchmarks like Singapore or Hong Kong would also make sense. The chances of Astana to become an IFC for the target region should be performed in comparative perspective having in mind the long lasting plans of Turkey and Russia to establish Istanbul and Moscow IFCs. Thus the research will be based on cross-country comparative study in following directions: with benchmark models of Dubai and world’s top IFCs; with competitive models such as Istanbul and Moscow and other countries of the target region (Eurasia). The research should be a supportive tool for strategic policy planning and decision making.Item Restricted ISLAMIC WORK ETHICS: DO EMPLOYEES OF ‘BANK RBK’ JSC POSSESS VALUES OF ISLAMIC WORK ETHICS(Nazarbayev University Graduate School of Public Policy, 2017) Baigonak, AidosOn May 2015, Kazakhstan made effective the “2015 Islamic Finance Amendments”. According to a Baker McKenzie 2015 Legal Report, this contains a “legal basis for provision of certain new Shari'a compliant services, in particular, Islamic insurance (takaful), Islamic leasing (ijara) and Islamic banking operation, and the commodity murabaha (tawarruq)”. Also, with the launch of the Astana International Financial Centre (AIFC) this 2018, a center poised to be a regional Islamic Finance hub, the government of Kazakhstan is indeed working towards increasing the presence of Islamic Banking in the country. The present research aims to investigate whether the employees of “Bank RBK” JSC possess the values prescribed by Islamic work ethics. By focusing on the significance of work ethics, this research also intended to examine the effect of Islamic work ethics on work connected results that contain job performance and organizational commitment on the example of the largest bank in the United Arab Emirates (UAE), Abu Dhabi Islamic Bank (ADIB).