From Menafn.com: The Muslim Central Asian countries (CIS) including Azerbaijan are fast opening up to the global Islamic finance market.

After many years of brutal Soviet rule, Azerbaijan, the oil-rich Caspian country with a population of about 9 million and a member of the Jeddah-based Islamic Development Bank (IDB), is reaching out to Islamic finance, especially in the wake of the near collapse of the global conventional banking system as underlined by the credit crunch and the international financial crisis…….Full Article: Source