Iraqi bank creates the first bank for the poor with a capital of 250 billion dinars

Admin Wed Jul 25, 2012 11:50 am

07/25/2012

Baghdad / follow-up JD / .. announced an Iraqi bank its intention to establish a bank in his country would be called "Bank Takaful Islamic," adding that the bank will be the first bank for poor people in Iraq and the Arab world. Deputy Chairman of the Iraqi Islamic Bank Abdul Salam Joaad Janahi for / Arabian Business / personal initiative I am trying to establish a bank in Iraq, I will call it the "Takaful Islamic Bank (Bank of the poor) with a capital of 250 billion Iraqi dinars."

He added that "this bank will work such as banks that operate according to Islamic law, but part of its income will be directed to the poor."

Al Janahi explained that the bank be created "will be an urgent need to layer the poor in Iraq, especially of women after the recent statistics that show that widows and divorced unemployed Patten constitute a large proportion of Iraqi society."

He pointed out that "the new bank will be taken from the Baghdad-based and will establish branches in all governorates of Iraq and the Arab countries."

The Deputy Chairman of Islamic Bank of Iraq that "Takaful Islamic Bank will be the first bank for poor people in Iraq and the Arab world."

He said that "the Bank will be established according to the law of the Central Bank of Iraq," noting that "the bank's shares will be offered for public subscription."

Janahi revealed on the offers made by the Arab banks to contribute to the capital of the bank, explaining that there is a "Gulf Islamic bank was willing to contribute 50% of its capital."

He said that "the new bank will adopt a new lending mechanisms and according to different rules, but useful and reservation capital of the shareholders who they can later become shareholders in the bank itself."

The Janahi that it will be "investing the money paid by borrowers micro-entrepreneurs in investments with the benefit of social Ktacis role for the orphans, the disabled and cooperatives provide the basic needs of food and other in each slice borrowers Mtcaflan in these loans." / Finished / agencies /

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