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,
Bavarian Soviet Republic Bavarian Soviet Republic The Bavarian Soviet Republic () was the short-lived unrecognised socialist state in Bavaria during the German Revolution of 1918–19. It took the form of a workers' council republic. Its name is variously rendered in English as the Bavarian Council Republic or the Munich Soviet Republic (; the German name "Räterepublik" means a republic of councils or committees; council or committee is also the meaning of the Russian word "soviet") after its capital, Munich. It was established in April 1919 after the demise of Kurt Eisner's People's State of Bavaria and sought independence from the also newly proclaimed