19.05.2011 - Azerbaijani bank plans to present new Islamic banking structure

Seven companies gained access to a tender to create specialized structure in the International Bank of Azerbaijan (IBA) to render services within Islamic banking. "Document receipts to participate in the tender were completed on May 12. We received eight package of documents, however, only seven companies reached the final phase," head of working group on introducing the Islamic banking in the IBA Bahram Gurbanzade said..............................................Full Article: Source

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