Banker: the establishment of Mesopotamia Islamic Bank by the government will strengthen the banking sector activity

Date: 30/12/2012 11:31:53 Sunday



Baghdad (news) .. Banking expert praised Mohsen Ali, the idea of ​​the establishment of Mesopotamia Islamic Bank by the federal government that will strengthen the work of the country's banking sector.

Ali said (of the Agency news): The establishment of an independent bank with a capital of high-operates according to Islamic law continued to the federal government will support the banking business in the country, because the government will be covered financially supporting and promoting incident.

He pointed out: that there is a tendency towards dealing with large Islamic banks by some citizens and business owners, adding that the bank will create competition with the commercial banks, will investigate what kind of economic development in the country.

The Presidency has issued, law establishing the Bank of Mesopotamia Islamic number (95) for the year 2012 with a capital of 50 billion Iraqi dinars, adding that the task of the bank, the exercise aspects of banking activity in the inside and outside Iraq, and to carry out financing and investing in various projects and activities.

It is noted that the federal government announced, in April of this year, for approval of the bill Bank Mesopotamia Islamic at the request of the Ministry of Finance, stating that the bank oversight body legitimacy consists of 4 members from experienced and competent in Islamic jurisprudence and its assets.

It is noteworthy that Islamic banking in Iraq began in (1993) when establishing Bank of Iraq Islamic, even now numbering (10) banks, including Bank of a new government called Mesopotamia Islamic, and there bank external and another Gulf. / End / 8. N. P /


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