International Bank of Azerbaijan and Islamic Corporation for Development of Private Sector sign agreement to open funding

International Bank of Azerbaijan (IBA) and the Islamic Corporation for Private Sector Development have signed an agreement on the conditions of the funding line today in Baku.

The document, signed within the 5th Global Forum on Islamic finance of the IDB on the topic "Global stability on the way to integration" in Baku, envisages allocation of funding by the Islamic finance corporation for the IBA worth $15 million. The funds are intended for development of small and medium businesses.


/Trend/