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The Ministry of Finance announces soft grants through “Al-Nahrain Islamic Bank”
[ltr]2022.01.15 - 12:01[/ltr]
[ltr]2022.01.15 - 12:01[/ltr]
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Baghdad - people
Al-Nahrain Islamic Bank, one of the formations of the Ministry of Finance, announced, on Saturday, an increase in granting banking facilities during the month of December.
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The Director of the Finance and Investment Department, Wadyan Kazem Mahdi, said, in a statement received by “Nass” a copy of it, (January 15, 2022), that “grant operations during the month of December increased thanks to the directives of the Public Administration, as the number of transactions for granting funds according to Islamic formulas reached (199). ) transaction".
She added, "These transactions were distributed among the bank's branches (the main branch, the Jihad neighborhood branch, the Salam branch and the Al-Farahidi branch), which included all the finances granted by the bank according to Islamic formulas, which include (real estate, cars, projects, marriage, goods, and education)."
While she indicated that "the doors of the bank in all its branches are open to citizens in order to benefit from the funds granted by the bank in accordance with the approved instructions and mechanisms."
In the same context, Al-Nahrain Islamic Bank issued instructions (Murabaha for the purchase of real estate) for the initiative of the Central Bank.
Where the Director of the Studies Department, Lama Abdelaziz Mustafa, confirmed that "the instructions include financing the purchase of ready-made housing units or the purchase of units within residential complexes for employees of state departments and the families of the local police martyrs whose salaries are with the bank."
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