ICD signs MoU with Tajik Sohibcorbank

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Astana

Islamic Corporation for the Development of the Private Sector (ICD) CEO Khaled Al Aboodi and Sohibcorbank OJSC acting chairman Zardov Sherali Dovlatalievich signed a memorandum of understanding (MoU) on the sidelines of the IFN CIS forum in Astana on March 14.
The agreement sets the stage for jointly introducing Islamic banking products by attracting ICD team members in charge for conversion, which will provide advisory services related to converting banks into full pledge Islamic banks in Tajikistan.
ICD and Sohibcorbank agreed to strengthen cooperation at the strategic and technical levels on the basis of complementarity, value added, institutional strengths and comparative advantages, and mutual benefit, the MoU states.—Agencies