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Financial Inclusion achieve sustainable development
5/11/2016 0:00
[rtl]Adopted by Islamic banks to reduce poverty rates
BAGHDAD - Hussein al-Tamimi Tgb
Achieve economic well - being of societies represents the most important goals of the third millennium , which attracted the attention of local and international financial institutions including Islamic banks that work to create products in harmony and achieve this goal departing from the principle of financial inclusion.
Member of the World Union of Arab Bankers d. Sadiq al - Shammari said that Islamic finance has begun to look to the millennium goals with great interest to the presence ofharmony between the objectives of the two parties , and went from hiring financial inclusion in this important trend in peoples ' lives, pointing out that in Iraq we started toemploy Islamist in improving the family 's economy and work to support projects banking experience small, medium and micro.
He said in an interview with «morning» that the role of Islamic finance in improving financial inclusion through the goals of the third millennium is heading to highlight anumber of Islamic Microfinance banking products which receive requests by thepopulation and will support the use of bank Islamic financial services, also , the role ofIslamic finance is focused on achieving the goals of the third millennium, especially Maitalq reducing rates of poverty, development and the achievement of a secure life for the population and raising prosperity levels, including the (Education - Health), as well as create jobs and maximize resource conservation,
Shammari pointed out that the financial inclusion of interest to institutions relevant global and local, for ease of funding for all families and businesses through sound institutions led regulation and oversight conscious achieve financial and institutional sustainability, as well as service providers race to provide and providing alternatives in front of customers.
and the success of Islamic financing instruments in the face of the worst global financial crisis in history, it has shown great strength and resilience in the face for being avoided excessive debt and speculation did not sell Malatmlk and this stimulated the increased demand for financing to buy homes, cars and basic needs of the other, pointing out that they Monetary promised medium of exchange and a store of values and a tool to fulfill rather than a commodity, also it adopted on the base sheep Balgrm ( the principle ofprofit and loss) in accordance with the principle of the abscess security and thus sharing the risks.
he said Shammari said the Millennium development goals required according to thegoals set by the United Nations is to eradicate extreme poverty and hunger, halving theproportion of people who suffer from hunger at reasonable rates and reducing child mortality by improving the environment health and secure the necessary vaccines and medicines and incubators as well as the integration of sustainable development and programs for the states principles and preserve the resources available and rational use while providing energy alternatives and reliance on green energy so as to ensure therights of future generations of all resources, as well as the promotion of gender equality in primary and secondary education and achieve universal education primary for males and females up to reasonable proportions
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