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Banker: establishment of the Islamic Bank of rivers by the Government will boost the banking sector activity
Date: 2012/12/30 11: 31: 53 Sunday
Baghdad
(newsletter) ... Banking expert praised the optimizer, the idea of the
establishment of the Islamic Bank of rivers by the Federal Government as
it will enhance the work of the banking sector in the country.
Ali
(News News Agency): the establishment of an independent bank-capital
works in accordance with the Islamic Sharia continued to the Federal
Government would support the banking business in the country, because
the Government would financially support and advancement of reality.
He
noted: there are directed towards dealing with Islamic banks by some
citizens and business owners, adding that the Bank would create
competition with commercial banks, will provide the kind of economic
development in the country.
He was the President of the Republic
issued the law on the establishment of the Islamic Bank of rivers no.
(95) of 2012 with a capital of 50 billion Iraqi dinars, pointing out
that one of the functions of the Bank, the practice of banking activity
within and outside Iraq, and of financing and investment in various
projects and activities.
The Federal Government announced, in
April of this year, the Islamic Bank of rivers Bill at the request of
the Finance Ministry, indicating that the bank supervisory body composed
of 4 members with expertise and competence in Islamic jurisprudence
Fiqh.
The Islamic banking activities in Iraq started in (1993)
when establishing Islamic Bank of Iraq, even now (10), including a new
Government Bank called two rivers, there is an external Bank and most
Gulf./finished/8 n. p.
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Date: 2012/12/30 11: 31: 53 Sunday
Baghdad
(newsletter) ... Banking expert praised the optimizer, the idea of the
establishment of the Islamic Bank of rivers by the Federal Government as
it will enhance the work of the banking sector in the country.
Ali
(News News Agency): the establishment of an independent bank-capital
works in accordance with the Islamic Sharia continued to the Federal
Government would support the banking business in the country, because
the Government would financially support and advancement of reality.
He
noted: there are directed towards dealing with Islamic banks by some
citizens and business owners, adding that the Bank would create
competition with commercial banks, will provide the kind of economic
development in the country.
He was the President of the Republic
issued the law on the establishment of the Islamic Bank of rivers no.
(95) of 2012 with a capital of 50 billion Iraqi dinars, pointing out
that one of the functions of the Bank, the practice of banking activity
within and outside Iraq, and of financing and investment in various
projects and activities.
The Federal Government announced, in
April of this year, the Islamic Bank of rivers Bill at the request of
the Finance Ministry, indicating that the bank supervisory body composed
of 4 members with expertise and competence in Islamic jurisprudence
Fiqh.
The Islamic banking activities in Iraq started in (1993)
when establishing Islamic Bank of Iraq, even now (10), including a new
Government Bank called two rivers, there is an external Bank and most
Gulf./finished/8 n. p.
[You must be registered and logged in to see this link.]
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