##### Agreement (parliament - government) to launch the capital of Mesopotamia Islamic Bank

Post 13 May 2013 13:35

BAGHDAD / Center Brief for the Iraqi Media Network (IMN ) - Parliamentary Finance Committee agreed with the Ministry of Finance and the Central Bank, on Monday, to launch a capital of Mesopotamia Islamic Bank worth 50 billion dinars.

The bank aims linked to the Ministry of Finance, to provide financial and banking services are consistent with the provisions of the Islamic Sharia and development of the Iraqi economy.

Said committee member Abdul Hussein al-Yasiri (IMN ) "Allocated 50 billion dinars (k capital) to Mesopotamia Islamic Bank based on the law." Noting that "there is reluctance in the past year as it has been allocated only 25 billion dinars," adding that "the Committee recommended the appointment of staff and the provision of a separate building for him."

He added that "the agreement which took place on Monday stressed the need to expand the Islamic windows in the government banks."

Yasiri continued that "concrete steps taken by the central bank to activate the Islamic banking transactions during the next phase."

The Act provides for the establishment of Islamic banks government called Bank (Mesopotamia Islamic Bank) will be centered in Baghdad and linked to the Ministry of Finance, has opened branches and offices within and outside of the Republic of Iraq with the consent of the Central Bank of Iraq.

And managed by the Chairman of the Board of Directors of the Bank employees entitled General Manager holds a university degree at least in the initial and experienced in banking appointed in accordance with the law.

From: Ahmad al-Maliki, n: m Q


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