A member of the Economic Committee: the growing popularity of Islamic banks make them compete with the commercial and superior

29-10-2013 12:40 PM

Baghdad (news) .. According to a member of the Economic Commission MP / National Alliance / Jassim شنكالي, the bank began increasing awareness of the increasing popularity of Islamic banking because it meets the needs of the citizen and cover their needs without interest.

He said شنكالي (of the Agency news): The Islamic banks involved with the business in all its laws except interest and partnership, noting 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.

He added: that the majority of citizens began to prefer to deal with Islamic banks without business because a lot of people to look at the financial interest is prohibited.

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.


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