The Central Bank of the Republic of Azerbaijan held the latest meeting of the COMCEC Capital Market Regulators Forum’s Working Group on Capital Market Development, which it continues to chair in 2025, and confirmed a 2025 workstream on the legal and regulatory conditions needed to introduce sukuk in Azerbaijan. The working group previously produced a 2024 report on sukuk market development and green sukuk initiatives. Building on that work, the 2025 theme covers international practice, regulatory gaps and reform needs for implementing sukuk in Azerbaijan; the research results were discussed at the 14th Annual COMCEC Capital Market Regulators Forum and presented by a representative of the central bank’s Capital Markets Policy and Regulation Department. The initiative is aligned with the central bank’s Board-approved 2024–2026 Financial Sector Development Strategy, which includes capital markets measures aimed at expanding the range of investment instruments and promoting new Islamic finance products such as sukuk.
Central Bank of the Republic of Azerbaijan 2025-10-20
Central Bank of the Republic of Azerbaijan sets 2025 COMCEC working group focus on legal and regulatory conditions for Sukuk in Azerbaijan
The Central Bank of the Republic of Azerbaijan chaired the COMCEC Capital Market Regulators Forum’s Working Group on Capital Market Development, confirming a 2025 workstream focused on legal and regulatory conditions for introducing sukuk in Azerbaijan. This aligns with the central bank's 2024–2026 Financial Sector Development Strategy, aiming to expand investment instruments and promote Islamic finance products. The 2025 theme builds on previous work, addressing international practices and regulatory reforms needed for sukuk implementation.