Senior banker: Islamic banks need instruction and no laws to regulate work

[ltr]31-07-2013 10:34 AM[/ltr]

[ltr][/ltr] Baghdad (news) .. Said the expert the Habib Qurah banking Gully, that work Banking is the process of development and compilation of capital from individuals and invest. He said Qara Gully (of the Agency news): The Islamic banks tried to go out for business line snapped benefits of investors, noting that the work is built on the basis of participation in the project after the feasibility study have, to be represented greater than the owner of the project and be the owner decision. He added: that the state is possible to put special instructions to banks by the central bank, taking into account the development of Islamic banks and financial investment, noting that Islamic banks involved with the business in all its laws, except for interest and partnership. It is said that in Iraq banks government representing the state two banks, Rafidain and Rasheed, in addition to other banks, most importantly, the agricultural cooperative and real estate, was established as the banks civil many since 2003, including the Commercial Bank and Investment Bank and the Islamic Bank and National Bank, as well as other banks updated. / End / 5.. /

 


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