Member: Finance Committee is seeking to legislate a special law for Islamic banks and amend the current banking law

27-07-2013 11:30 AM


Baghdad (news) .. Said a member of the Finance Committee MP / coalition of Kurdish blocs / Dler unable, for the pursuit of the parliamentary committee for legislation of a special law for Islamic banking allows the creation of state-owned banks operating under Islamic law, in addition to changed banks Quaon year.

He is capable (of the Agency news): The current Banking Act Ivy purpose Many experts and specialists advise the House of Representatives and the Finance Committee in particular enactment of a new law for banks in line with the current stage and undergone developments in various fields.

He added: Islamic banking in Iraq are active and began to grow so resorted Ministry of Finance to open windows for Islamic banking in the state-owned banks, the fact that the majority of the Iraqi people and committed Muslim religious beliefs and warned against dealing with the commercial banks 'usury'.

He continued: therefore, an urgent need for legislation of a special law for Islamic banks organize their work and allows the creation of specialized government banks for Islamic banking, stressing that the Finance Committee is seeking to achieve this.


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