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IBA to operate on the principles of Islamic banking

IBA to operate on the principles of Islamic banking

18 March 2010 08:38 (UTC +04:00)

Baku. Elnur Huseyguluyev â€“ APA-Economics. International Bank of Azerbaijan intends to operate as an Islamic banking, Jahangir Hajiyev, Chairman, Board of Directors, IBA told to APA.

According to him, this means to get an exit to foreign financial resources.
IBA collaborates with some banks, itâ€™s not made formal.

Established in 1992, International Bank of Azerbaijan operates 37 branches, 587 ATMs and 2 692 POS terminals across the country.

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