Azerbaijan's Central Bank, ICIEC To Co-Work For Better Insurance Services
Date
9/25/2024 5:19:47 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 25. The Central
Bank of Azerbaijan (CBA) has 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.
According to the CBA, a legislative foundation for cooperation
amongst organizations in the Islamic insurance area is the
principal goal of the paper.
Under the memorandum, both parties decided to swap stories in
the realm of Islamic insurance, roll up their sleeves for a variety
of training programs and seminars, and pave the way for mutual
visits.
This cooperation is set to roll out fresh financial tools in the
country, which will, in turn, speed up the flow of investments into
Azerbaijan.
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