Member of the Committee on Economics: Islamic banks need to Act regulates

Counting economic and Investment Committee member Qusay Al-Abadi, the phenomenon of the proliferation of Islamic banks in the environment of Iraq as "positive step" but it required legal support to the Organization of its work.

Abbadi said that "most local Islamic banks are not Islamic in the true sense as they seek profits than give benefits, suggesting that an urgent necessity to legislate a special law for Islamic banks to regulate their work."

"The phenomenon spread in Iraq will enhance the role of banks in the country's economic development because the banks activity reflects each country's economic activity, pointing out that most countries rely on its banking sector that is directly linked to the Central Bank"./3


تحدیث:: 2012-10-27 14: 47


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