Bank Of Baku

IBA starts to operate on Islamic banking

IBA starts to operate on Islamic banking
# 04 November 2010 10:47 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. International Bank of Azerbaijan works on employment of Islamic products and services and the bank’s administration adopted the relevant conception, bank’s spokesman Bahram Gurbanzadeh told APA.

Note that IBA established special working group on launching of Islam Window sector in 2009.

According to B. Gurbanzadeh offers on changes to legislation and starting of works on the basis of legislation were made: “We’ve already realized the initial stage of the project and work on the second stage. Bank holds talks and looks through the offers of several international consulting companies. ”
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THE OPERATION IS BEING PERFORMED