Chapter 2: Developments of Islamic Finance in Eastern Europe and Caucasus Region
Restricted access

The cases of Islamic finance development in two countries, Russia and Azerbaijan, provide certain food for thought. The findings of this chapter indicates that the number of the Muslim population and its share, as well as being an IsDB full member, does not guarantee a developed Islamic finance market. Both Russia and Azerbaijan are still on their way to creating a level playing field for the emerging Islamic finance market, but the current story of Russia seems to be more gradual, progressive and efficient, compared to the story of Azerbaijan, where the development seems to be staggering. This chapter looks at the Islamic finance development in the Eastern Europe and Caucasus region, with special focus on Russia and Azerbaijan.

You are not authenticated to view the full text of this chapter or article.

Access options

Get access to the full article by using one of the access options below.

Other access options

Redeem Token

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institutional Access

Personal login

Log in with your Elgar Online account

Login with your Elgar account