16:24 - 25.09.2024

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September 25, Fineko/abc.az. The Memorandum of Understanding has been signed between the Central Bank and the Islamic Corporation for Investment & Export Credit Insurance.

The main purpose of the Memorandum is to provide a legal framework for cooperation between institutions to expand access to Islamic insurance services in the country, ABC.AZ reports with reference to the Central Bank.

The Memorandum of Understanding between the institutions envisages exchange of experience in the field of Islamic insurance, organization of various trainings and seminars, as well as mutual visits.

This cooperation will contribute to expansion of introduction of new financial instruments in the country, thereby accelerating the inflow of investments into the country.