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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

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


The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks

rocky
rocky
NNP TEAM
NNP TEAM

Posts : 189940
Join date : 2012-12-21

The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks Empty The Central Bank cancels two previous decisions pertaining to the Sharia Committee in Islamic Banks

Post by rocky Wed 20 Jan 2021, 2:34 pm

[You must be registered and logged in to see this link.]
 
[You must be registered and logged in to see this link.]
 
  
 Banks

Economy News _ Baghdad
The Board of Directors of the Central Bank of Iraq decided to cancel two decisions (112) of 2020, which include amending paragraph (2) of the conditions for independence of the controls of the Sharia advisory committee, and resolution (136) of 2019 that includes the approval of the controls of the Sharia advisory committee in its final form. 
The bank published documents on its website that Al-Eqtisad News reviewed. The bank’s board of directors, in its Resolution No. (213) for the year 2020, canceled two resolutions (112) for the year 2020, which include amending Paragraph (2) of the conditions for independence of the controls of the Sharia Advisory Committee, and Resolution (136). For the year 2019, which includes approval of the Sharia advisory committee's controls in their final form, and the previous decisions that are related to the subject, and is satisfied with relying on international standards for deciding on Sharia Islamic banking products and developing the capabilities of the functional staff of the Sharia Supervision Division in the Islamic Banking Supervision Department.
The controls of appointment of the Sharia advisory committee included:
First - To have legal capacity, to be a fit and qualified person according to what was stated in the Banking Law No. (24) of 2004, and to not be an article by any institution inside and outside Iraq for reasons related to job behavior.
Second - That he is at least 40 years old.
Third - To have a doctorate in transactional jurisprudence, Islamic finance, or Islamic economics.
Fourth - He must have experience of no less than (5) years in the field of issuing fatwas and legal rulings.

[You must be registered and logged in to see this link.]

chouchou likes this post


    Current date/time is Thu 04 Mar 2021, 3:03 am