Creating an Islamic financial market of the necessities of the outstanding investment
8/11/2014 0:00
BAGHDAD - Farah pumice
are Islamic banks from the economic infrastructure in the community, as it must possess financial instruments have the ability to transform entitlements resources short-term investments and financing long-term.
interested in the affairs of banks said "morning", that "the concentration of funding policies in Islamic banks on the projects short-term such as investing commodity and financial leasing and sales operations in installments and Murabaha led to weaknesses in the methods of investment and financing. "
and added that "the lack of direction of the mega projects that benefit the state and society, why in inventory investment ratio for these banks by 20 percent of the total capital a rate not commensurate with the amount of money available to them to invest ".oges source to find a market Islamic financial Mayad of the necessities of investment outstanding, as the suffering of these banks do not possess the financial instruments enjoying what exists with the financial markets, the ability to transfer benefits resources short-term to investments and financing long-term, where do not have the tools to enable them to attract resources funds with long-term, explaining that the financial instruments they handle limited to current deposits, investment and savings deposits that mature within a short period.
, there currently in Iraq (12) banks exercised acts of Islamist activity , in addition to the fact that some state-owned banks to open (window Islamist), and operate these banks under the Banking Act No. 94 of 2004 and the Central Bank.
source noted the need to reduce the legal reserve ratio private banks to the Islamic thresholds suit and treat these banks with assets, to enable them to carry out their duties mandated under contracts established a finance investments and participation and the presence of unjustified physical and legal which the assets of these banks, in addition to the exercise of these banks are the most prudent risk as proven globally.
also stressed the importance of determining the purpose of the issuance of certificates of investment available to use and circulation within the financial and banking system (which does not bear interest) financing public spending on development projects, according to the principle of "loan-Hassan," but different deadlines as an alternative parallel government bonds, along with the possibility of the central bank to be used as a tool of open market and a tool used by Islamic banks to invest surplus cash as in the experiences of regional and universal.
should be noted that Islamic banks awaiting its own law distinguishes activity from other commercial activities.
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8/11/2014 0:00
BAGHDAD - Farah pumice
are Islamic banks from the economic infrastructure in the community, as it must possess financial instruments have the ability to transform entitlements resources short-term investments and financing long-term.
interested in the affairs of banks said "morning", that "the concentration of funding policies in Islamic banks on the projects short-term such as investing commodity and financial leasing and sales operations in installments and Murabaha led to weaknesses in the methods of investment and financing. "
and added that "the lack of direction of the mega projects that benefit the state and society, why in inventory investment ratio for these banks by 20 percent of the total capital a rate not commensurate with the amount of money available to them to invest ".oges source to find a market Islamic financial Mayad of the necessities of investment outstanding, as the suffering of these banks do not possess the financial instruments enjoying what exists with the financial markets, the ability to transfer benefits resources short-term to investments and financing long-term, where do not have the tools to enable them to attract resources funds with long-term, explaining that the financial instruments they handle limited to current deposits, investment and savings deposits that mature within a short period.
, there currently in Iraq (12) banks exercised acts of Islamist activity , in addition to the fact that some state-owned banks to open (window Islamist), and operate these banks under the Banking Act No. 94 of 2004 and the Central Bank.
source noted the need to reduce the legal reserve ratio private banks to the Islamic thresholds suit and treat these banks with assets, to enable them to carry out their duties mandated under contracts established a finance investments and participation and the presence of unjustified physical and legal which the assets of these banks, in addition to the exercise of these banks are the most prudent risk as proven globally.
also stressed the importance of determining the purpose of the issuance of certificates of investment available to use and circulation within the financial and banking system (which does not bear interest) financing public spending on development projects, according to the principle of "loan-Hassan," but different deadlines as an alternative parallel government bonds, along with the possibility of the central bank to be used as a tool of open market and a tool used by Islamic banks to invest surplus cash as in the experiences of regional and universal.
should be noted that Islamic banks awaiting its own law distinguishes activity from other commercial activities.
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