GCC seen as key source of FDI for Azerbaijan’s Islamic banking (opens in new tab)

_Economy · 2026-06-17 13:48_ **BAKU, Azerbaijan, June 17.** The Gulf Cooperation Council (GCC) represents the most probable source of foreign direct investment in Azerbaijan’s emerging Islamic banking sector, reads the latest report by the Islamic Development Bank Group. “GCC-headquartered Islamic banks collectively command assets exceeding USD 1 trillion and have demonstrated a sustained appetite for international expansion, particularly into Muslim-majority markets with underdeveloped I...