Expert: open windows Islamic banking better government to create an independent Islamic banks

Date: 08/21/2012 11:28:48 Tuesday



Baghdad (news) .. According to an expert on banking Mohsen Ali, that the idea of ​​establishing an Islamic state banks is successful and that will fall upon the state, noting that the open windows in an Islamic government banks better than creating an independent Islamic banks.

Ali said (of the Agency news): The government banks able to open windows have Islamic banking that has the potential and the ability to do practices banking, government can not be opened Islamic bank being would be a significant burden on the government itself (as he put it).

He added: must end government departments banking in the public sector because it lacks the vision of objectivity in banking, because Iraq is coming to a free market economy, which does not recognize the totalitarian regimes controlled by governments.

This began the activities of Islamic banks in Iraq since (1993) when establishing the first Islamic bank in Iraq called the "Bank of Iraq Islamic", while now the number of banks that are trading system of Islamic banking (9) banks, including Bank of external and another "Gulf" which opened a branch in Iraq.

He had announced the Ministry of Finance for a government bank near the opening of an Islamist-called "Islamic Bank of Mesopotamia" and is distinguished from other government banks commitment Bacharaúa the Islamic religion.



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