16:51 - 23.10.2025

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October 23, Fineko/abc.az. The process of establishing the Sharia Council under the Association of Banks of Azerbaijan (ABA) is at the final stage.

ABC.AZ informs that ABA executive director Yunus Abdulov made the above-said statement at the Islamic Financial Forum 2025 in Baku.

According to Abdulov, development of Council's Charter and evaluation of candidates are nearing completion: "Approval steps will be taken in the near future. The Board will play the role of a single reference point, starting from product design to operations audit."

Abdulov added that all the steps taken create full compliance for the application: "Market interest, existing knowledge and partner network, as well as institutional support are consistent with the CBA's strategic vision."