Bank Of Baku

IBAR former department head: Islamic banking in Azerbaijan is not supported

IBAR former department head: Islamic banking in Azerbaijan is not supported
# 21 October 2015 10:24 (UTC +04:00)

"During the crisis we raised funds from Dubai, Qatar etc., so the interest from Islamic investors is there," said Gurbanzada, now deputy chief executive at rival Amrahbank. But he added that expansion of the industry was hurt by Islamic banks' emphasis on short-term profits rather than long-term growth.

 

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