Azerbaijani media reports that the dean of Azerbaijani State Economic University, Shamsaddin Gajiyev, said that it is important for Azerbaijan to consider the possibilities of using free financial system since it could prevent some economic cataclysms.
As reported, the director general of Ansar Leasing( which was the general sponsor of the symposium) ,Jeyhun Nagiyev, said that even though this system is only 40 years old, a positive tendency in the development of an Islamic interest free financial system is to be considered.
Nagiyev noted that for development of this financing direction in Azerbaijan the issue has to be considered both not only from the legislative point of view, but also from the scientific one.
Experts on Islamic financing, professors and lecturers from Azerbaijan, Turkey, Pakistan, Saudi Arabia, Azerbaijani deputies, representatives of ministries of economic development, finance and tax, local banks, leasing and investment companies will take part in the symposium.
