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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


The General Council of Islamic Banks and Financial Institutions: Islamic banking will reach 4 trilli

rocky
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The General Council of Islamic Banks and Financial Institutions: Islamic banking will reach 4 trilli Empty The General Council of Islamic Banks and Financial Institutions: Islamic banking will reach 4 trilli

Post by rocky Sat 27 Jan 2018, 2:30 am

The General Council of Islamic Banks and Financial Institutions: Islamic banking will reach 4 trillion dollars in 2020


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The Secretary General of the General Council of Islamic Banks and Financial Institutions, Abdul Ilah Belaitiq, announced that Islamic banking will reach 4 trillion dollars in 2020.
"Islamic banking began more than 40 years ago in the Arabian Gulf and is now worth $ 2 trillion and is expected to reach $ 4 trillion by 2020," he said at the Islamic Banks Forum in Iraq.
He added that "the world is interested in Islamic banking today and the establishment of the International Monetary Fund Islamic Services Commission to lay the foundations for the work of the banking sector."
He pointed out that "Islamic banking can help the economy of Iraq through financing projects and infrastructure development," pointing out that "the world contains 40 Islamic banks operating in 90 countries."



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rocky
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The General Council of Islamic Banks and Financial Institutions: Islamic banking will reach 4 trilli Empty Al-Hanal: The capital of Iraqi Islamic banks is more than 3 billion dollars

Post by rocky Sat 27 Jan 2018, 2:37 am

Al-Hanal: The capital of Iraqi Islamic banks is more than 3 billion dollars



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The head of the Association of Iraqi private banks Wadih al-Hanalal, the capital of 
Islamic banks is more than 3 billion dollars.
Al-Hantal said in his speech at the inauguration of the Forum of Islamic Banks in Iraq, which was attended by "Al-Iktissad News", that "this forum, which is held under the slogan of (launching an Islamic banking sector contributes to development), represents a serious and important step in keeping pace with the new and accelerating developments witnessed by this type of Banking activity in our region and in the world, especially as it enjoys wide participation of elites and banking personalities specialized in the work of Islamic banking in Iraq and in the Arab countries. "
"Over the past few years, the Islamic banking sector in Iraq has witnessed rapid positive developments, which have enabled it to acquire half of the market share of the total private banks with a capital of over US $ 3 billion, which gives us hope for further success, On the way to expand the formats of dealing and growth and spread horizontally and vertically in the future. "
He pointed out that "the achievements of this sector are in line with the plans and programs set by the Central Bank, which focused on the principles of openness to the world and the development of banking standards, especially in the areas of compliance and risk management, combating money laundering and financing terrorism, The expansion of the use of information and communication technology systems and the rapid transition to the use of electronic banking services, to cope with the rapid global development in this area, and achieve the elements of financial inclusion to reach all segments of society and not just a particular class or category.
He pointed out that "we must not forget the positive and vital role that should be addressed by banks in general within the framework of economic and social mission aimed at building the human and society, which places on them more responsibilities and necessarily requires the drawing of future plans according to the requirements of service development and society same time".
"We should not forget the specificity of Islamic banking and its principles derived from the provisions of the Islamic Shari'a law, and to ensure that this is a motive to develop its capabilities and improve the quality of its services to its customers and to diversify and innovate new products, tools and banking services. The audience".
"It is very important to strengthen its position, increase its share of market share and its success in banking competition, and keep abreast of the tremendous growth achieved by Islamic banks in the world, especially in the field of Islamic finance, which was admired, especially after Islamic banks managed to escape from The consequences and damage of the financial crisis that hit the world and seriously affected the reality and the future of many of the largest banks in the world. "
He pointed out that "despite the achievements of the Islamic banking business in Iraq and the Arab world, more achievements are still awaited, especially in the field of financial inclusion and geographical spread in Islamic finance, which still needs to adopt standards and standards fixed and secure, for success In competition ".
 

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