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Azerbaijani bank plans to enter Islamic banking market in neighboring countries

Posted on 11 May 2012

The International Bank of Azerbaijan (IBA) intends to enter markets of the neighboring countries with its own Islamic banking products, the IBA chairman of board Jahangir Hajiyev said in an interview with The business year.
“For the first time in Azerbaijan’s history, we are planning to establish a new office in the field (Islamic banking), enabling the country to become a regional center for Islamic financing. This decision was made bearing in mind the favorable geopolitical situation of the country and the availability of the markets in neighboring countries, such as Russia and Kazakhstan………………………………………..Full Article: Source

 
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