Islamic banking is expanding the service of sustainable development
8/4/2016 0:00
[rtl] BAGHDAD - Hussein al - Tamimi Tgb
focused discussion and workshop CBI work with Islamic banks around the financial and banking liberalization and globalization and its challenges, and products Islamic banks that took deploy in most cities of the world, stood at the biggest challenge of how tohandle Islamic banking with the decisions of all of Basel, as was eating large expansion in the world and Iraq for its products in harmony and the requirements of thebeneficiaries of the companies or citizens and serve the development work. the
session was moderated Ihsan Yasiri Director - General to monitor the credit and banking , international banking expert d. Sadik Rashid al - Shammari of the Islamic adviser banking and Abdul Hussein Mundhiri general manager of Mesopotamia Islamic Bank attended the Islamic banking managers commissioners and members of boards ofdirectors and managers of compliance and risk managers and ensure the axes ofglobalization and its problems and the need to integrate with it, as well as exposure to the big banking to compete in the light of the trend towards financial and banking liberalization, at a time when the banks are still unprepared due to the limited size and the weakness of its possibilities.
Yasiri the face of the need to work a special grouping of Islamic banks and activating theAssociation of Islamic banks to take it upon themselves to follow up the implementation instructions and product development cash Islamic and directing a mass media campaign to create public awareness tasks. the exchange of cash , while the international expert ,Dr. said Sadik Rashid al - Shammari: The focus of the workshop headed towards how to exchange cash Balemrabhat also included discussions how to grant Murabaha and paid, noting that he is not permitted to repayment sex of the currency itself, I mean if granted Murabaha Iraqi dinars have repayment without the currency , for example , thedollar or any other currency in circulation or buy commodity and as per customer 'srequest cost is calculated with the addition of all the expenses and the addition of aspecific and agreed profit and place of the meeting so they can be payment if entered commodity her as if in cash shall be the first case. he pointed to the stand when applying governance problem that define the relationships between the bank management and the board of directors and actors with an interest in bank. Islamic instruments either Islamic banking expert Abdul Hussein Mundhiri pointed out : that theexpansion witnessed this important detailed in the banking work in the world has led to agrowing local interest in pointing out that the workshop addressed the accounting and regulatory aspects of the work of Islamic Chirvih as well as Islamic funds and instruments. He noted that the workshop recommended the importance of holding seminars Almokhtssh in all Islamic banks in order to raise the skills of workers within the banking field, and increased media effort to inform the public, businessmen and politicians on the role of the Islamic conversion and its importance in attracting local and international capital and employment in investment projects, as recommended by theworkshop up the number of private sessions acts of Islamic banking. after that opening adiscussion with the members of the boards of directors and managers commissioners and directors of the accounts and made clear that many of the obstacles faced by theIslamic banking , the most important of the lack of these banks to qualified and capable of innovating banking products cadres or work banking products , Islamic, and the lack ofbanking doctrinal environment among workers in banks, especially Maitalq theimprovement and development departments , financial control, as well as the problem ofcommercial banks control the banking business, particularly State - owned banks , which account for 94 percent of total deposits and the problems of oversight, as well as theemergence of governance and the possibility of their application (for Islamic banks) application and implementation of the principle of extraction and considerations criticism is a way of sharing rather not deal beneficial not only taking and giving. monetary instruments Shammari said that the relationship between the public and the banks are mutually beneficial relationship and it bears all risk parties and the sharing of profits, and the subordination of Islamic banks to control mechanisms established itself by theCentral Bank of the conventional banks ( business), especially when granting credit or when accepting deposits, as the methods of monetary instruments used by the central bank as processes rediscount (commercial paper discount) or investing in treasury transfers or last resort. all this interest and this is what prohibits Islamic banks Aoncep liquidity Aoncep legal reserve same deal with Islamic banks as well as the problem oflate (Ommatalh) debtors affluent and this problem does not exist in the commercial banks and the benefits will be increased upon who shall debtor 's stalling because he knows not to do calculates interest vehicle. he pointed out that the workshop focused on the sources of funds of banks and how to invest and what formulas successful investment in accordance with Islamic formats that the most important of speculation and Murabaha sale and peace as well as Istisna'a Sales and Leasing contracts and then posts the farmer and Almsacap. In order to achieve growth and development of thecountry 's economy and the other axis means and how to audit procedures legitimate oversight.[/rtl]
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