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Dubai Islamic Bank ready to provide assistance in introduction of Islamic banking in Azerbaijan

Posted on 20 April 2012

The delegation led by Head of Dubai Administration’s Emir, Chief Executive Director of Dubai investment corporation, Chairman of Dubai Bank , Board Chairman of Dubai Islamic Bank Mohammed Ibrahim Al Shaibani has shown interest to state of Islamic banking in the country.
Azerbaijani delegation has reported that there are no Islamic banks in the country but a range of banks applies certain elements of Islamic banking. “They are currently ready to pass to Islamic financial operations for corporate clients. To organize full value Islamic banking Azerbaijani banks may need up to 2 years provided that relevant legislation is worked out “,- representatives of Azerbaijani side said………………………………………..Full Article: Source

 
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