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,
North Caucasian Soviet Republic North Caucasian Soviet Republic North Caucasian Soviet Republic (, "Severo-Kavkazskaya Sovetskaya Respublika") (July 7–December, 1918) was a territory in the North Caucasus established to consolidate Soviet power during the Russian Civil War. A republic of the Russian SFSR, it was created by merging the Kuban-Black Sea Soviet Republic, the Stavropol Soviet Republic, and the Terek Soviet Republic. Its capital was Yekaterinodar; however, on August 17, 1918 Yekaterinodar was taken by Denikin's Volunteer Army, and the capital was moved to Pyatigorsk. By the end of 1918, when the majority of the republic's territory was captured by the White Army, the All-Russian