Mon, Dec 22, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Emerging Trends, Finance more

Azerbaijan’s largest bank expands sources of Islamic finance

Posted on 10 August 2012

The International Bank of Azerbaijan (IBA) is preparing to sign a memorandum on further cooperation with the Islamic financial institutions and a loan agreement under the attraction of Islamic finance Murakhaba, the head of the working group on introduction of Islamic banking in the IBA Behnam Gurbanzade said.
“Prior to August 10 the formation of a pool of participants from the Islamic financial institutions will be completed. Total amount of funding varies from $20 million. One large financial institution collects credit funds from other investors, and on its behalf submits to the IBA,” Gurbanzade said………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
293031