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Islamic cheques in Iraq next June
12:35 PM ADMIN
Baghdad/ Iraq TradeLink: The Central Bank of Iraq (CBI) announced the possibility of issuing
Islamic cheques in June, 2017, after completing technical matters for the issuance.
Director of Financial Operations at the CBI Mahmoud Mohammed stated that this system is applicable in major banks in Britain and Malaysia and other important economic blocs, pointing that the Islamic cheques in Malaysia reached to 3 trillion dollars that are used in financing big construction projects in the country.
He added that the CBI put a strategy to meet the desire a wide strata of the Iraqi society.
12:35 PM ADMIN
Baghdad/ Iraq TradeLink: The Central Bank of Iraq (CBI) announced the possibility of issuing
Islamic cheques in June, 2017, after completing technical matters for the issuance.
Director of Financial Operations at the CBI Mahmoud Mohammed stated that this system is applicable in major banks in Britain and Malaysia and other important economic blocs, pointing that the Islamic cheques in Malaysia reached to 3 trillion dollars that are used in financing big construction projects in the country.
He added that the CBI put a strategy to meet the desire a wide strata of the Iraqi society.
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