Islamic banking is looking to attract the money supply chunky

8/7/2016 0:00

BAGHDAD - morning
Banking begun Islamic expansion horizontal line and the high line graph to prepare the audience beneficiary who took the rapid deployment on a global and local level, especially after it was found the beneficiary products in harmony and orientations and check the economic feasibility as the past few days have seen the establishment of Iraq's Noor Islamic Bank to submit to the side among Islamic banks and other services to the public beneficiaries on their differences.

Expert international Islamic banking d. Sadik Rashid said that Islamic banking has taken to spread rapidly after the interaction of the public beneficiaries with the services provided commensurate social and religious orientation, pointing out that the establishment of a new bank means that this type of banking indicates success and the presence of a rise in demand for its products.

Rashid stressed that the Islamic banking spread in more than 70 countries with a large capital doubles continuously, pointing to the importance of benefiting from successful international experiences in this field and adopted in Iraq.

In turn paid tribute to Tariq, executive director of the Association of Iraqi private banks to set up the bank and the expansion of the Islamic banking, especially it provides services to the excluded segment was do not want traditional banking transactions for legitimate reasons, pointing out that this expansion helps to move the new currency bloc to the banking sector, especially after that there has been a law regulating the work of the banks.

He pointed out that Islamic banking operates according to the Iraqi Central Bank instructions and the harmony between the two sides leading to the creation of suitable to the success of its business environment in Iraq, which began banking gives more attention.

The specialist on Islamic banks Haitham Jassim Mohammed pointed out that the goal of the Islamic banks are acceptable from the point of view of the legitimacy of contributing to the sustainable development forms.

Mohammed said that the new bank built CBI instructions and began with a capital of 250 billion Dnyar accordance with the provisions of Article 55 of the First Company Law No. 21
For the year 1997.

While it is shown competent affairs banking Enas Mohammed al-Zubaidi: that Iraq's economy needs to be the size of a large trading large numbers requiring banking products and advanced technologies, pointing out that the successes achieved by Islamic banks worldwide can be employed to serve Iraq's economy that's coming economic hard international and domestic large works Bmkhalaf areas of Iraq.

And it urged the need for horizontal expansion in all regions of Iraq and that the branches of Islamic banks will be present in most cities, especially it chime and wishes of a large segment of the society.

http://www.alsabaah.iq/ArticleShow.aspx?ID=120874