Abstract
In this study, socio-economic processes in Azerbaijan, development trends, the scale of existing social policies and the level of adaptation of international experiences have been studied. There have been times when initiatives were undertaken to develop certain elements of Islamic banking in the Azerbaijani economy, but there are no mechanisms derived from Islam in social policy. In current social policies it is possible to observe elements of the Islamic-social model, such as poverty alleviation, fair distribution of income, overall welfare, and care for vulnerable people. However, Azerbaijan’s social protection system is not considered as an Islamic model. Social-democratic and liberal elements are common in Azerbaijan’s current social policy. The social protection policy implemented in the country is reflecting dynamics of improvement and expansion-driven development.
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