Azerbaijan’s largest lender, International Bank of Azerbaijan, plans to have an Islamic banking subsidiary in Qatar by the end of this year as it develops its regional Islamic finance capabilities, a senior executive said.
IBA, 50.2 per cent owned by Azerbaijan’s Ministry of Finance, would then start operating in Qatar in the first quarter of 2013, Behnam Gurbanzada, IBA’s director of Islamic banking, said……………………………………….Full Article: Source