05.12.2011 - Azerbaijan sets up first Islamic insurance company
Islamic Corporation for Development of the Private Sector (ICD) is developing its operations in Azerbaijan. At the IV Baku International Banking Conference Hisham Nazih Al-Nasser, ICD director for assets management and advisory work, has claimed that currently the ICD was working on a project of first Islamic insurance company Kaufad in Azerbaijan. "The Corporation is also ready to offer a special line for development of leasing company Ansar Leasing, Mr. Al-Nasser said. Ansar Leasing is wholly owned by the Islamic Development Corporation...............................................Full Article: Source
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