Caspian International Investment Company CJSC was established in March 2008 by Islamic Corporation for the Development of the Private Sector (ICD) and Azerbaijan Investment Company (AIC) with a view to enhance the non-oil sector of Azerbaijan, promote investments based on Islamic principles and contribute to the development of the domestic economy. The main goal of CIIC is to serve as an investment vehicle for international investors to receive exposure to the growing Azerbaijani economy.

    • Incorporation of CIIC by ICD and AIC
    • Assets under Management AZN 2,5 million
    • Additional cash infusion by IDB and two other middle eastern investors
    • Assets under management  AZN 31 million
    • First investment made

    • First Phased exit from a project

    1. Mudarabah added to approved investment tools