Association of Islamic banks seeking to open up to the world

Association of Islamic banks seeking to open up to the world

10/22/2014 0:00

In light of global banks recognize the importance of Iraq's economic

Baghdad, Hussein al-Tamimi Tgb

Eyeing Islamic banks in Iraq to start a new stage of opening up the banking products advanced witnessed by the international Islamic banking arena, in light of the ongoing expansion plan at the level of the world, which included 75 countries around the world.

Financial expert and academic d. Sadiq Rashid al-Shammari occur (morning) for the move, saying, "The Islamic banking here seeking Through its umbrella association of Islamic banks to develop new work mechanisms based on the experience carried out by the outputs of Iraqi universities specialized, and adoption in the job opportunities that are available in banks" .

"The clutch banking activities with specialized universities will lead to the preparation and create efficiencies young woman is able to achieve the desired development in banking products that respond to the requirements phase, especially since a large orientation towards this activity and by the citizens."

Shammari warned that "Islamic banking departments and in coordination with the Association of Islamic Banks plans to set up a specialized training center to train Mlakatha through the adoption of best global programs developed under the supervision of experts Kvain local and international community in order to interact with the international Islamic banking."

Joint work

He pointed to "the existence of a consensus by all Islamic banks and windows in the government banks to work in one box near the international banking sector, through joint programs of work in organizing international conferences and seminars to evaluate the performance and expand more to include all parts of the world", as well as to go to the events of partnerships between local and international banks to enhance the experiences that contribute to building structures, financial and economic crisis.

The number of Islamic banks increased to 600 Bank scattered in 57 countries is equivalent to one third of the countries in the world.

He said the "responsibility of the Association of Islamic Banks significant in achieving the objectives referred to, and this requires a considerable effort in the development of tools to communicate and effort investment exceptional, as well as work hard to choose the ways of harmony and convergence with the international effort evolving", especially that most of the international banks Islamic aware of the importance of the presence Iraq and the future of the Iraqi economy.

Global economies

Al-Shammari said that "the financial structures of the global economic and continue the necessary reforms in the face of financial crises and economic crisis by inviting more wealthier countries to direct a certain percentage of revenues for the operations of the fiscal stimulus and economic to help poor countries and developing countries", stressing that it will narrow the large gap between high-income countries and between the poor countries and will improve the social and cultural environment and cultural and economic development of these countries, considering that all science is humane.

He noted that it "requires attention more in the inclusion of various segments of society the fruits of development through coordination and motivation for the establishment of small and medium projects and ensure the financing avoids wasteful use of resources that are limited and rare in nature," and that the emphasis on the need for rationalization in the use of these resources can be the economies of these countries to strengthen the capacity of emerging economies to cope with the difficulties and ensure the sustainability of its economic policies to achieve growth rates of unwanted and continuous improvement in the living standards of its citizens and thus promote common development.

Meaningful participation

He described al-Shammari world Balmichapk and fast-moving party from the United States and in the other party from countries and regional groups are trying to work together with developing countries in the formulation of an international system based on the meaningful participation and achieve national interests and nationalism in a balanced manner to all, hence the importance of European cooperation - Arab work together to contribute to the building of an international political and economic new.

He concluded by saying, "The Assembly looks forward to the introduction of channels of new economic and purposeful and energetic and thus be able to install the pillars of Islamic banking more than it is and that's what made it targeted many parties," noting that "the success of the regional and international level, which no one can deny or ignore it and that was reflected in the the sheer volume of assets managed by these banks, which amounted to up to 700 billion dollars is expected to grow its turnover beginning of the year 2016 up to the borders of four trillion dollars and a growth rate of 35 percent. "

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