02.12.2011 - International Bank of Azerbaijan ready to apply to Central Bank for permission to start Islamic banking operations

The consultants drawn by the International Bank of Azerbaijan for Islamic banking development are completing their work. IBA Islamic banking group’s head Behnam Gurbanzadeh says that the consultants are finalizing a report on the work. "Immediately after receiving the report it will be submitted to the IBA Board to apply then to the Central Bank of Azerbaijan for permission to start Islamic banking operations," Gurbanzadeh said...............................................Full Article: Source

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