IsDB works with Azerbaijani Central Bank to create framework for sukuk issuance

BAKU, Azerbaijan, May 7. The Islamic
Development Bank (IsDB) Group is actively working with the Central
Bank of Azerbaijan to establish the country's first framework
program for sukuk issuance, Elvin Afandi, Manager of the Corporate
Strategy and Research Department of the Islamic Corporation for the
Development of the Private Sector (ICD), said during a presentation
dedicated to the preparations for the Islamic Development Bank
Group's Annual Meeting in Baku, Trend reports.

He noted that this will create a foundation for future sukuk
issuances at both the sovereign and corporate levels.

Will be updated