Azerbaijan participates in training on “Islamic banking, finance” in Turkiye

In a collaborative effort between the Small and Medium Business
Development Agency (SMBDA) and the Participation Banks Association
of Turkey, a training initiative titled “Islamic Banking and
Finance” took place in Istanbul aimed at enriching expertise and
competencies within financial sectors, Azernews
reports.

Attending the event were representatives from the Ministry of
Economy, Central Bank of Azerbaijan, Entrepreneurship Development
Fund, SMBDA, and prominent banks of Azerbaijan. The program delved
into various aspects such as distinguishing features between
Islamic and conventional banking systems, utilization and
procedures of Islamic financial instruments, and strategies for
acquiring and managing financial assets.

Additionally, participants had the opportunity to meet with
regulatory authorities overseeing Turkiye’s financial markets and
interact with seasoned industry professionals to glean insights
into effective methodologies.

Upon completion of the training, attendees received certificates
acknowledging their participation and achievement.

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