| | | | PROBLEMS OF MODERN ECONOMICS, N 1 (29), 2009 | | | | SOCIO-ECONOMIC DEVELOPMENT IN EURASIAN STATES | | | Bekkin R. I.
Senior research fellow, Institute of Africa (Russian Academy of Science) (Moscow), PhD (Economics), Professor; PhD (Jurisprudence)
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| | | The article analyzes the contemporary banking system of Azerbaijan, a country with traditional banking system where Islamic banks do not enjoy a special status. According to all official documents, there is only one Islamic bank (Kauthar bank) that in practice also belongs to the traditional banking type | | Key words: Azerbaijan Democratic Republic, Islamic finances, Azerbaijan banking system | |
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