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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

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A government bank announces the launch of 15 million dinars loans for hygiene contracts

rocky
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A government bank announces the launch of 15 million dinars loans for hygiene contracts Empty A government bank announces the launch of 15 million dinars loans for hygiene contracts

Post by rocky Wed 05 Oct 2022, 5:13 am

A government bank announces the launch of 15 million dinars loans for hygiene contracts

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Economy News / Baghdad
Today, Tuesday, the state-run Al-Nahrain Islamic Bank announced the launch of loans to employees of cleaning contracts in the amount of 15 million dinars, indicating that the loan is considered one of the loans called "good" and conforms to Islamic law.
The bank's assistant director, Imad Rassan, said in a statement that "the loan provided by the bank to employees of cleaning contracts who work in the departments of the Municipality of Baghdad comes within the initiative of the Central Bank, which is called the "good" loan, which conforms to Islamic Sharia because it is without profits or interests, but only an administrative commission that has been determined By the Central Bank by 4 percent,” noting that “the loan is granted to local people whose salaries are with our bank (exclusively).”
He added that "the loan is granted according to the half-salaries they receive, so that the loan does not exceed 15 million dinars and for a repayment period of five years," noting that "the applicant for funding must provide a guarantor of one or more state departments, and he has a service of not less than two years."
The banking official also indicated that "the loan comes to support this important segment of society to meet some of its needs," calling "cleaners to take advantage of these soft personal finances that do not have interests or profits."
In October 2021, the Central Bank of Iraq directed banks that are authorized to grant soft loans to contract employees (cleaners) covered by Resolution (315) of 2019, within the instructions for granting soft personal loans to state employees.


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