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Largest Azerbaijani bank determines consultant to provide products and services of Islamic banking

Business Materials 12 July 2011 20:31 (UTC +04:00)

Azerbaijan, Baku, July 12 /Trend/

The International Bank of Azerbaijan (IBA) has selected the consortium of companies Salans, KPMG, Pinsent Masons and Dar al Shariah as a consultant to create a specialized structure to provide products and services of Islamic banking, the bank reported on Tuesday.

The tender committee considered the proposals of four contenders: local Ekvita Company, which acted in cooperation with the Islamic Finance Advisory Assurance Services; Ernst & Young in cooperation with Baker McKenzie; PricewaterhouseCoopers and a consortium consisting of Salans, Pinsent Masons, KPMG and Dar Al Shariah.

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