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The Hajj Authority is considering the establishment of the Islamic Hermitage Bank to invest the funds of the pilgrims deposited with it
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The supreme body of Hajj and Umrah and its shareholders held a meeting on Saturday to establish the Islamic Bank of the Islamic Investment and Finance, for the purpose of investing the funds of pilgrims deposited with the estimated 100 billion dinars.
The Authority said in a statement that "the Chairman of the Board, Sheikh Khalid Al-Attiyah reviewed in detail the project of establishing the bank, which aims to invest the funds of the Commission, which allowed the law of establishment in accordance with Article IV, paragraph sixth of 2005 investment of the funds deposited by the pilgrims."
The statement added that "the purpose of the investment is to develop the funds of the Commission to reduce the cost to the winners of the lottery and [You must be registered and logged in to see this link.] development of services provided to them, as well as facilitate the work of the Commission and the development of new formations to achieve its objectives."
Al-Attiyah added that "the capital of the bank at the establishment (100) billion Iraqi dinars have been subscribed by 55%, equivalent to (55) billion Iraqi dinars share of the public sector, including the share of the body (45%) and 10% ) For the Shiite Waqf and the Bank of the rivers and Amra companies, and what remains is 45% of the shares are open for public subscription.
[You must be registered and logged in to see this link.]
The supreme body of Hajj and Umrah and its shareholders held a meeting on Saturday to establish the Islamic Bank of the Islamic Investment and Finance, for the purpose of investing the funds of pilgrims deposited with the estimated 100 billion dinars.
The Authority said in a statement that "the Chairman of the Board, Sheikh Khalid Al-Attiyah reviewed in detail the project of establishing the bank, which aims to invest the funds of the Commission, which allowed the law of establishment in accordance with Article IV, paragraph sixth of 2005 investment of the funds deposited by the pilgrims."
The statement added that "the purpose of the investment is to develop the funds of the Commission to reduce the cost to the winners of the lottery and [You must be registered and logged in to see this link.] development of services provided to them, as well as facilitate the work of the Commission and the development of new formations to achieve its objectives."
Al-Attiyah added that "the capital of the bank at the establishment (100) billion Iraqi dinars have been subscribed by 55%, equivalent to (55) billion Iraqi dinars share of the public sector, including the share of the body (45%) and 10% ) For the Shiite Waqf and the Bank of the rivers and Amra companies, and what remains is 45% of the shares are open for public subscription.
[You must be registered and logged in to see this link.]
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