AZERBAIJAN: CBA and the ICIEC signed a Memorandum of Understanding

1 October 2024 — Marina MAGNAVAL
The Central Bank of Azerbaijan (CBA) signed a Memorandum of Understanding with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), aimed at expanding the use of Islamic insurance services in the country, Trend reports.

A legislative foundation for cooperation amongst organizations in the Islamic insurance area is the principal goal of the paper, as CBA explained.

Cooperation in this area is set to roll out fresh financial tools in the country, which will speed up the flow of investments into Azerbaijan, the source said.



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