Alif Capital Alif Capital Alif Capital (тадж. "Алиф Сармоя", рус. "Алиф Капитал") – is the first micro-financing organization in the Republic of Tajikistan which uses the principles of Islamic Finance. It is located in Tajikistan, Dushanbe. In August 2014, the law regulating Islamic finance was finally enacted, however, the National Bank of Tajikistan (NBT) is currently working on issuing instructions for the financial institutions that wish to work under the principles of Islamic Finance. Nevertheless, Alif Capital is considered the first micro-financing organization that is already implementing the principles of Islamic finance that do not conflict with the existing banking law. Therefore,
Terek Soviet Republic Terek Soviet Republic Terek Soviet Republic (Терская Советская Республика) or Terek People's Republic (Терекская Народная Республика) (March 1918 – February 1919) was a short-lived republic on the territory of the today Terek Oblast. Its capital was first Pyatigorsk, and later Vladikavkaz. After July 1918 it was part of the North Caucasian Soviet Republic. In contrast to other Soviet republics, the Republic was a coalition government. The famous economist Jacob Marschak served as Secretary of Labour, despite being only a 19 year old student. After internal struggles it was conquered by the Volunteer Army led by Anton Denikin in early 1919.