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For the first time in Iraq... The International Islamic Bank launches work for A & B exchange companies
Shafaq News/ The International Islamic Bank launched, on Wednesday, the work of the A & B exchange companies for the first time in Iraq.
In a statement today, the managing director of the bank, Suha Al-Kafaei, said that this matter is being given an official secondary agency to serve Western Union.
She added that this service will be available in all governorates to achieve financial inclusion.
The bank’s management had targeted, within the initiative of the Central Bank, one trillion dinars allocated to the segment of people with limited income with a salary of less than one million dinars and with a maximum ceiling of 15 million dinars, and who account for 40% of the state’s employees of the International Islamic Bank’s Debit card card holders whose salaries have been authorized by the bank. Managing the bank by deducting monthly installments electronically without human intervention, in order to purchase in installments, benefiting from the offers of commercial companies to meet their health and scientific needs, as well as providing the opportunity to purchase in installments for the requirements of the home for their families and children in order to improve their social status.
The bank’s management worked to simplify and automate the financing procedures through various electronic projects that took great effort and money and took 7 years of outstanding qualitative performance led by a team of efficient trained human resources of Iraqi youth, according to the statement.
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In a statement today, the managing director of the bank, Suha Al-Kafaei, said that this matter is being given an official secondary agency to serve Western Union.
She added that this service will be available in all governorates to achieve financial inclusion.
The bank’s management had targeted, within the initiative of the Central Bank, one trillion dinars allocated to the segment of people with limited income with a salary of less than one million dinars and with a maximum ceiling of 15 million dinars, and who account for 40% of the state’s employees of the International Islamic Bank’s Debit card card holders whose salaries have been authorized by the bank. Managing the bank by deducting monthly installments electronically without human intervention, in order to purchase in installments, benefiting from the offers of commercial companies to meet their health and scientific needs, as well as providing the opportunity to purchase in installments for the requirements of the home for their families and children in order to improve their social status.
The bank’s management worked to simplify and automate the financing procedures through various electronic projects that took great effort and money and took 7 years of outstanding qualitative performance led by a team of efficient trained human resources of Iraqi youth, according to the statement.
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