Due to the opening of the largest-in-the-region “Islamic window” by the International Bank of Azerbaijan, an interest in the expert support of Islamic banking in the country has increased.Neil Miller, head of KPMG International Group on Islamic finance, has said that the best experience for Azerbaijan is the experience of Kazakhstan.
“The use of Islamic banking creates the conditions for an alternative and interest-free financing. From my own experience I can say that most Muslim countries are interested in the application and use of such banking. It should also be noted that in recent years the amount of funding on the methods of Islamic banking will reach $1.3 trillion,” Miller said………………………………………..Full Article: Source