The International Bank of Azerbaijan (IBA) and the Russian bank VTB plan to intensify efforts to develop Islamic finance in the CIS, head of the IBA working group on introduction of Islamic banking Behnam Gurbanzade told Trend on Friday.
“During discussions at the Fourth Baku International Banking Conference of the CIS, held in early December last year, Azerbaijan was chosen platform and regional center for the development of Islamic finance in CIS countries………………………………………..Full Article: Source