The Annual Meetings of the Islamic Development Bank Group began
today in Baku. Azerbaijan will host the meetings until 19 June
2026.
The Annual Meetings are being held under the theme “Regional
Integration for Sustainable Prosperity”. This significant event
brings together leaders and partners from the Group’s 57 member
countries, serving as an important platform for strengthening joint
development and creating new opportunities for cooperation.
At the Baku Convention Centre, where the meetings are taking
place, ABB Bank is represented by a digital branch designed in line
with the concept of Islamic banking. Participants of the event can
carry out various operations and use Bank ABB’s services there.
It should be noted that since April of this year, under the
special regulatory regime of the Central Bank of Azerbaijan, ABB
Bank has started offering clients financial products based on the
“Murabaha” mechanism, one of the instruments of Islamic banking.
These products are available to all legal entities and individual
entrepreneurs. The Murabaha product enables entrepreneurs to
finance the purchase of goods or assets through the bank. The
financing term ranges from 1 to 3 years.
Information about ABB Bank’s modern, useful and universal
products and services is available at the Bank’s branches and
offices, on its official website at https://abb-bank.az/, via the
Information Centre by calling 937, as well as on the Bank’s
official corporate social media pages.
