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Awqaf South Africa and AlHuda-CIBE sign an MOU at Johannesburg
AWQAF SA and Pakistan based Al Huda Centre of Islamic Banking and Economics (Al Huda CIBE) formally entered into a Memorandum Of Understanding (MOU) at Gallagher Estate, Sandton , Johannesburg, at the closure of the International Conference on Islamic Banking and Finance in Africa organized by AlHuda CIBE.....
 
Mr. Zuair Mughal, CEO Alhuda CIBE & Mr. Zeniel Kajee CEO Awqaf South Africa at MOU signing Ceremony
 
 
 
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Introduction of Islamic banking in Azerbaijan to be considered
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Introduction of banking by Shariah principles is currently discussed in Azerbaijan, chairman of the Central Bank of Azerbaijan Elman Rustamov said.

He said the "introduction of Islamic banking in the country is being considered".
"But Azerbaijan has no legal or standard basis of the development of this direction. This is the matter. But we will consider it within the framework of the common strategy that is whether this is profitable for the Azerbaijani economy and population. If yes and the national mentality demands this form of banking, this issue will be considered",  Rustamov said.
Meanwhile, he noted that "our way is the classical way of development".
 
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