Islamic Banking in CIS

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Top 20 FREQUENT WORDS

islamic 120 idb 106 banking 52 finance 51 development 46 march 42 viewed 41 accessed 36 kazakhstan 35 lexus 35 nexus 35 projects 30 economic 29 azerbaijan 27 central 27 asia 25 soviet 25 countries 24 islam 22 government 21 republics 21


DOCUMENT KEY POINTS

  • gresh since the collapse of the soviet union and lastly the idb acts as an important rise of new nation states in the muslim instrument of legitimacy for the ruling elite and republics of central asia and the southern neo nomenklatura of the region who continue to caucasus have witnessed the arrival of islamic experience a rise in opposition from radical banking and finance to the region
  • although the markets is by sponsoring national and regional muslim republics remain influenced by elements socio economic from their soviet past including a command development and in the last decade economy and one party political system islamic banking and finance has grown in the last liberal economic islamic banking and reform
  • islamic groups exemplified by the witnessing moderate success in the region the rise of hizb ut tahrira a global islamic party that idb has confronted significant obstacles in its seeks to unify muslims under an islamic state or promotion and development of islamic financial caliphatea have grown more interconnected institutions for regional governments because of organized and violent in an age of modern the strong soviet legacy and precarious political communications leaving many leaders of the situations that prevail
  • the dilemma of having to deal with neighbors for the purposes of this article the rise of like tajikistan and afghanistan thata due to islamic banking and finance will be compared inadequate rule of law systemsa can provide safe among the six muslim republics of the former havens to groups such as the imu and hizb utsoviet union azerbaijan kazakhstan tahrir
  • conference oic the idb is committed to in general islam remains an omnipresent bringing the transition economies of the cis force across the region and leaders of the commonwealth of independent states countries individual republics have worked since the s all land locked closer to the oic member to incorporate greater elements of islam into countries by fostering trade and investments and inner structures of government
  • since most of related to building infrastructure ie roads the current governments have maintained many telecommunications airports and canals and of the old soviet structures they are now social development construction and equipping increasingly pushed by their respective of school and hospitals
  • moreover with chechnya to the north iran to the south iraq to azerbaijan the southwest and afghanistan to the east due to its islamic practices and commitment azerbaijan must remain attentive to its to socio economic development azerbaijan has population to ensure that radical islamic forces do sought in recent years to strengthen its not undermine the aliyev regime
  • indeed since becoming a member of the idb president niyazov has welcomed foreign direct kyrgyzstan has greatly benefited from idb investment and other finance projects to develop projects because of the importance of socioturkmenistan s lucrative natural resources economic development for the country
  • in addition kyrgyzstan has witnessed a rise in radical islamic turkmenistan activity that further contributes to political under president niyazov islamic finance instability including violent attacks carried out projects have been relatively limited because of by the islamic movement of uzbekistan imu in his desire to wield tight control over recent years
  • in other words president karimov is likely using his tajikistan membership to the idb as a way to prove to his given that tajikistan is one of the poorest muslim base and to organizations like hizb utand most underdeveloped countries in the world tahrir that he is catering to their demands and the presence of islamic banking and finance incorporating greater islamic components into structures have been limited to national government
  • moreover it is in just over a decade the muslim republics believed that the idb approves of the policy of of the former soviet union in central asia and catering to the rentier state structure where the the southern caucasus have proven to be prime ruling elite must remain an integral part of any candidates for the establishment of islamic banking and finance projects
  • however the that will alleviate poverty and promote greater two countries with large oil resources and wealth economic growth azerbaijan and kazakhstan have demonstrated before being able to a tendency towards more liberal reform due to in addition to the consider incorporating greater exposure to international market forcesa lucrative oil and gas islamic banking into its one reason perhaps why each country has been profits made by these national banking more receptive to sponsor islamic banking and system
  • however only the views and opinions expressed in articles are azerbaijan and kazakhstan appear to have the strictly the author s own and do not necessarily most promising future in the area of islamic represent those of al nakhlah its advisory and banking and finance
  • fall finance to further mitigate vocal islamic only just begun to flourish in a region that is ripe opposition groups that have rejected the secularfor socio economic development and the style rule that has emerged since the collapse of establishment of islamically compliant financial the soviet union
  • see also islamic development bank to allocate a credit for development of primary schools and organization of business management in azerbaijan assa irada may accessed through lexus nexus viewed march
  • for a good synopsis of the role of islam in central asia see international crisis group central asia islam and the state icg asia report no
  • islamic development bank to allocate kyrgyz m dollars to revamp road bbc monitoring june accessed through lexus nexus viewed march
  • th session of the idb board of executive directors approves new financing for more than us million middle east newsfile february accessed through lexus nexus viewed march


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DOCUMENT WORD ANALYSIS

Main Category

AlHuda Material\islamic banking


KeyWords

islamic finance microfinance muslim services report access feasibility improving development international adb pak research islam university component social financial pakistan


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DOCUMENT REFERENCES

Number of Pages

11


Published Date

2008-03-06 00:16:33


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