Bank Of Baku

IBA increases investment portfolio on Islamic banking 1.5 times

IBA increases investment portfolio on Islamic banking 1.5 times
# 23 October 2014 12:38 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As at the end of September, 2014, the International Bank of Azerbaijan’s investment portfolio on Islamic banking made AZN 175.7 mln, up 1.5 times from the beginning of this year.

 

Bank told APA-Economics that the personal savings placed under the Islamic conditions, rose up to 10 times to AZN 10.1 mln from AZN 1.69 mln.  

 

IBA Islamic Banking department involved $218.7 mln from international financial market during past two years. 

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