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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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Established in 2006 as a Community of Reality

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    Islamic banks contribute to the reconstruction of Iraq

    Rocky
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    • Post n°1

    Islamic banks contribute to the reconstruction of Iraq Empty Islamic banks contribute to the reconstruction of Iraq

    Post by Rocky Fri 22 Jan 2016, 2:27 pm

    Islamic banks contribute to the reconstruction of Iraq


    1/22/16
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    Heading towards Iraqi banks strongly contribute to the reconstruction of cities and regions liberated from terrorism, and assistance in financing and lending to their own projects in a manner consistent with the construction campaigns will be organized process.
    Officials in the Iraqi banks and believes that the formation of the reconstruction fund the liberated areas and funding from aid donors and friendly countries, will be a step to meet the desire of the Iraqi banking sector that plays a role in the implementation of investment projects and services through the provision of banking services to them.
    He Sadiq al-Shammari, head of the Association of Banks of Islamic Iraq, during a meeting with Mahmoah of activists in the banking sector, there is an urgent need to rebuild the liberated cities very quickly, prompting the development of Islamic banks in Iraq to a road map by which to contribute to the rebuilding of the affected areas are due to the ongoing war about terrorism, as well as setting priorities in the implementation of projects, as Islamic banks as a financial arm of the development and the following should be harnessing its capabilities in this area.
    Shammari added that contribute to the funding and support related projects campaigns reconstruction, enables Islamic banks in Iraq to confirm their worth as development banks exercise their role in the investment opportunities that you need rebuilding areas liberated from terrorism projects, saying that the difficult conditions experienced by the Iraqi economy as a result of the deterioration of the prices oil, it requires of the Iraqi banking sector that works to mobilize financing abilities and promoted in accordance with the formulation of programs that serve the objectives of the campaign reconstruction of liberated areas.
    Shammari pointed out that a strategy and roadmap for the reconstruction of the cities put, makes necessary the entire world to cooperate in order to support this effort, and that is put a moral compact between countries in order to draw and formulate strategies especially like the "Marshall" plan. Shammari also called for the activation of competition between ministries and sharpen their energies for the purpose of supporting and assign the reconstruction process and to strengthen the partnership in order to achieve the fundamental objectives of the country, and through the development of a strategy for public and private sector, and strengthening partnership and activation of cooperation between them, with Aalanfattah on technology in the age of information and tools to fight poverty and the transfer of technology for the economies of developing.
    And see Shammari importance of completing the reconstruction of areas affected by terrorism in accordance with the timetables to ensure that bring life to the affected areas, adding that in this regard that the concerned sector Islamic banking experts pointed to the need for the amount of 50 trillion Iraqi dinars (about $ 40 billion), as well as to activate League devotes his credit ceiling amounts of means of production sectors of the diverse activities and services.
    Shammari also pointed to the existence of the possibility of the Iraqi Islamic banks in communicating with similar banking sectors in the region, in order to form a mechanism to support the reconstruction fund for the liberated areas, stressing that the Islamic finance is able to bring a lot of benefits after the expansion witnessed during the past decades stage so that became attracts a lot of customers and compete with traditional banks.
    And face-Shammari invitation to strengthen the idea of ​​the availability of financial and health coverage and education for the purpose of promoting economic and social development of the country, where that finding and the introduction of financial inclusion helps to create a trading and financial system that is open, rule predictable, as it includes a commitment to governance and good governance, development and poverty alleviation.This is in addition to the need for a full survey of the provinces with products that feature a strategy for the purpose of establishing the projects.
    Shammari pointed out that the $ 350 million approved by the Board of Executive Directors of the World Bank, came to support the efforts of the Government of Iraq seeking to rebuild state institutions and the economy back on the growth path in the liberated areas, was approved in 2015 and does not cover only a small part of the reconstruction of damaged infrastructure plan, calling for the need to attract funds and human resources with a view to migrating capital resettlement, with the provision of certain incentives such as tax exemption and the protection of the national product, and consumer protection.
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