01.06.2009 - Regulatory climate for Islamic banking in Azerbaijan 'much more favorable now'
From Arabnews.com: Both our customers and investors would like to see a formal Islamic banking law adopted in Azerbaijan. So far, we do not have any problems of tax neutrality for our products because they are the same for both conventional and Islamic banking. However, once we introduce more Islamic products such as Diminishing Musharaka home financing and so on then the question of double stamp duty may arise.......Full Article: Source