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(CB)A deputy demands the cancellation of bank financial benefits imposed on citizens and employees
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MP for the coalition of construction from the province of Basra, Faleh al-Khazali, to cancel [url=https://www.thebaghdadpost.com/ar/Story/t/114951/%D8%A7%D9%84%D9%81%D9%88%D8%A7%D8%A6%D8%AF %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9]the financial benefits of[/url] banking imposed on citizens and employees, returned it as a violation of the law of the Central Bank and the Iraqi constitution.
He said al - Khazali , in a statement: should amend Article (16 / b) of the Iraqi Central Bank Law to determine the maximum and minimum rate of bank interest levied on companies of different types that are not less than 4% and not more than 10.
He added that the benefits imposed in Banks on loans granted to citizens and employees are not commensurate with Law No. 56 of 2004 in determining the legal interest rate by adopting the market policy granted (floating rate of interest) and must be within the ceiling of 8%, but what we are dealing now benefits reach 26% Article 2 of the Constitution, which states that "no law may be legislated contrary to the law Principles of the provisions of Islam).
He called for the abolition of the legal benefits imposed on citizens and employees and the adoption of the idea of Islamic loans for the above categories in non-commercial transactions such as housing and others, because it is contrary to Article (2 / a / a) of the Iraqi Constitution and contradict with the constants in the Islamic provisions and burdens them.
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MP for the coalition of construction from the province of Basra, Faleh al-Khazali, to cancel [url=https://www.thebaghdadpost.com/ar/Story/t/114951/%D8%A7%D9%84%D9%81%D9%88%D8%A7%D8%A6%D8%AF %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9]the financial benefits of[/url] banking imposed on citizens and employees, returned it as a violation of the law of the Central Bank and the Iraqi constitution.
He said al - Khazali , in a statement: should amend Article (16 / b) of the Iraqi Central Bank Law to determine the maximum and minimum rate of bank interest levied on companies of different types that are not less than 4% and not more than 10.
He added that the benefits imposed in Banks on loans granted to citizens and employees are not commensurate with Law No. 56 of 2004 in determining the legal interest rate by adopting the market policy granted (floating rate of interest) and must be within the ceiling of 8%, but what we are dealing now benefits reach 26% Article 2 of the Constitution, which states that "no law may be legislated contrary to the law Principles of the provisions of Islam).
He called for the abolition of the legal benefits imposed on citizens and employees and the adoption of the idea of Islamic loans for the above categories in non-commercial transactions such as housing and others, because it is contrary to Article (2 / a / a) of the Iraqi Constitution and contradict with the constants in the Islamic provisions and burdens them.
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