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Iraq participates in the Islamic Finance Forum
9/28/2016 0:00
[rtl]In order to strengthen regional and international cooperation
BAGHDAD - Hussein Tgb
Iraq participates in the Islamic Finance Forum , which kicks off today in the Tunisian capital and dealing with the Iraqi delegation the role of Islamic financing instruments to achieve Arab economic integration of the frontier markets perspective.
The mean Frontier Market: Islamic finance market products as a place It brings together buyers and sellers, and is characterized by the balance between supply and demand (through the products and goods and the goods).
exchange commodity
head of the delegation of the international expert d. Sadiq al - Shammari said that thegoal of participation comes to learn about the role of Islamic finance in promoting work in the frontier markets of Arab countries and the formation of a conducive environment through the revitalization of the commodity exchanges in these markets, leading to theformation of added value on the path of environmental integration
and economic.
Testifies Iraq expanded horizontally to the field of banking Islamist who took their numbers increasing dramatically after that provided services in harmony and public beneficiaries, and relies on fixed assets is a guarantee of the rights of depositors.
competitive advantage
Shammari between the use of Islamic financing instruments in the border markets contribute effectively to the achievement of competitive advantage for goods and cemented the status of economic integration among themselves to become effective economic power in front of economic blocs intense competition faced by States products
Arabic.
He noted that the participation comes with positive results through friction participating delegations representing consortia Arab and international banks, and its role in thecreation of bridges of cooperation with those agencies, especially as the international banks have opened branches in Iraq.
the harmonious interaction
between he will be shown the advantage of its Islamic finance which will bring theestablishment of infrastructure for the development of production among Arab countries on the road to economic integration and activation border market structures and works to activate the appropriate financing operations to achieve a sophisticated Arab economies can contribute to the reduction of unemployment and poverty eradication and thecreation and strengthening of communication and interaction and harmony among central banks and Islamic banks channels leading to motivate and energize their work
outstanding.
as funding is working on reducing the impact of regulatory and legislative restrictions by creating political will act to remove disruptive and interlocking to achieve economic integration among nations barriers Arab and thus activate the frontier markets and preparing bank staffs capable of Fatwa Islamic banking operations, as well as work on the development and innovation of new Islamic finance products able to compete with other products in terms of quality and quality. [/rtl]
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