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Economist emphasizes the need to establish an Islamic investment funds specializing in finance Alaka
He is an economist on the need to establish an Islamic investment funds specializing in real estate financing in each Islamic bank
He Ocanutorsadeg Rashid al-Shammari, Board Member and Director General of the Bank of the Islamic National in a statement to the justice that he can invest these funds to contribute contracting company linked to the Ministry of Housing for the purpose of providing interest-free loans to the poor and needy or staff without Vaúdh.oadav he presented a working paper entitled (the nature of the risks of Islamic banks ) through its participation acting Sharm el-Sheikh in Egypt for the period from 30/10 - 11/01/2014 Many of the recommendations of the most prominent of which included the need for a regulatory framework and oversight to ensure the achievement of the unification of fatwas and interpretations of sharia law, which focuses on strengthening the owners of the trust interest groups box different in the Islamic finance industry .odharorh full coordination and synergy between the regulatory and legislative bodies and the need for departments to coordinate with each other to create infrastructure and financial system compatible with the principles of Islamic law that Thoudy measure the solvency of institutions adequate attention to the process to reflect the extent of their exposure to various risks He pointed Dr. Sadeq al-Shammari The recommendations stressed the need for a framework of appropriate governance system includes compatibility practices with Islamic Sharia law and that there is a part of the financial overseeing includes financial reporting and accounting systems, auditing and financial solvency and cases of reconstruction, risk management, transparency, disclosure, corporate governance .odharorh coordination between regulators and educational entities in the field of Islamic finance and support the establishment of research centers for the development of special products to hedge against operational risk and market risk are compatible with Islamic sharia law. Additionally urged departments from the Iraqi Islamic banks to create a mechanism for control of the capital adequacy ratio and make them according to the decisions of the Basel Committee and the decisions of the central bank. To ensure the implementation of the decisions of the Basel Committee requires the Iraqi Islamic banks to have a system to estimate the required capital level compared to the level of risk, as well as the formulation of a clear strategy to maintain capital at an appropriate level required if the increased risk .oshdd Shammari the need to hire highly qualified message bank Islamic, and put instructions and guidelines for measuring risk, in the light of what was issued by the Basel Committee of the principles and inquiries of the number of competent human cadres through the establishment of a training program. And to open branches or windows in the districts and sub-districts across the country for the purpose of attracting savings and investment in farming and Ijara which formats lacks her country to focus on serving the public interest to the advancement of the economic aspect of the country .oan be working on risk management by achieving capacity to measure all kinds and create special departments to monitor the implementation of the policy for risk, and other departments to follow up on the implementation of credit policies approved, and activating the role of censorship Interior and strengthened so that they can anticipate Almkhatrqubl occur .odharorh create engineering management in Islamic banks includes an efficient and qualified elements of project management, stressing Dr. Sadeq al-Shammari said to be the central bank to distinguish in the application of capital adequacy standard between Islamic banks and conventional banks which takes into account the special characteristics of this banks and the central bank to activate the role of oversight of Islamic banks in terms of the adequacy of the opinion money and the extent of the application of the central banks of the principles of Sharia-related formulas finance and investment, and the creation of a specialized department at the central bank independent connected by all Islamic banks and pursue the work and activities of these banks on an ongoing basis, he said Islamic banks are exposed to several risks of not less important than the conventional banks have risk beyond that to the risk of non-compliance with Islamic rulings.
Islamic Banks operate in accordance with the provisions of Islamic Sharia law, which does not deal benefit, making it difficult to resort to the Central Bank for lending in the case of the face of scarcity Alsjulh.ually Although abnormal conditions experienced by the Iraqi banking sector note that the Iraqi Islamic banks worked to increase its capital adequacy ratio for prescribed percentage on according to the standard of the Basel Committee on Bank CBI especially Islamic banks exceeding percentage (73%) in some banks. Although little information on the standard Basel information for most workers in the banking field in the Iraqi Islamic banks. Despite the presence of adequacy ratio head highbrow money in the banks of the Islamic study sample, but that these banks did not invest that money in all formats, especially Leasing formats and Almzarah.oan regulatory capital is the pillow that absorb unexpected losses experienced by banks so bear capital funding losses from the bank's own funds as well as funded for any losses from investment accounts that the infringement or shortening .ougod head high capital adequacy ratio of banks in the Islamic proven evidence of the lack of real investment in basic funding formulas as well as the absence of central control in the investment of these funds .ougod some of the material (Article 28) of the Banking Act No. 93 of 2004 that are bound Ativmn by Islamic banks defiance of Islamic banking activities in Alastosmarola operations, particularly in fixed assets. There is a close relationship between capital adequacy and risk funding formulas and sources of investment Projects financed from the funds of the bank, which covers the capital Organizational fully the risks, but financed from the funds of investors funding formulas, the part of the risk borne by the bank to keep the investors, it did not prove to the bank any negligence or omission has forced the bank to waive part of the shareholders' profits for the owners of investment accounts, there is a relationship between the diversity of funding formulas and the variety of risks formats funding since the degree of risk faced by Islamic banks severity vary, stakes are the highest intensity is the risk of profit margin and least is the market risk, and the severity of these risks vary depending on the Islamic modes of financing. Where that higher risk is the risk of credit funding formula to participate and the least is the liquidity risk for to hold speculative .uadm a unified legitimate body that sets standards for the practice of Islamic finance activities, which led to a discrepancy and the difference in the decisions of the legitimate Committees Calendar lack of accounting standards aligned with the nature of Islamic finance system, leading to the existence of substantial differences in accounting treatment due to the multiplicity of standards, whether (IFRS) or in the service of Islamic Dr. Sadeq al-Shammari that the theme of banking risk management is one of the important issues that took acquires interests of researchers, bankers and occupy their attention on the local and global levels, especially in the wake of the financial crisis and the bank that received In many countries of the world and finally the global financial crisis in 2008, and through the study and analysis of these various crises shows that the most important causes of these crises is the growing financial and banking risks faced by banks and financial institutions on the part of management and weakness on the part of Akhr.oan The most important features of Islamic banking is involved in risk between the providers of funds and bank on the one hand and between the bank and the money users on the other hand. It is the methodological foundations of the Islamic banking rules to the effect of jurisprudence (sheep Balgrm) and output security, and the relationship on the basis of cooperation and mutual care and commitment to ethical behavior on the grounds that the two parties share in the profit and loss, and this necessarily requires work to ensure the safety of transactions that take place within the framework of this relationship and its success in achieving the objectives to be accessible and these rules emphasize the most important feature of the capital attributes, a willingness to take risks is that this attribute does not deny in any way the importance of research on the risks that the presence of Islamic banking and know the consequences of its existence and identify methods Almlaúmyh which serve used to address these risks and the end of the talk about the standard Capital adequacy in Islamic banks.
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He is an economist on the need to establish an Islamic investment funds specializing in real estate financing in each Islamic bank
He Ocanutorsadeg Rashid al-Shammari, Board Member and Director General of the Bank of the Islamic National in a statement to the justice that he can invest these funds to contribute contracting company linked to the Ministry of Housing for the purpose of providing interest-free loans to the poor and needy or staff without Vaúdh.oadav he presented a working paper entitled (the nature of the risks of Islamic banks ) through its participation acting Sharm el-Sheikh in Egypt for the period from 30/10 - 11/01/2014 Many of the recommendations of the most prominent of which included the need for a regulatory framework and oversight to ensure the achievement of the unification of fatwas and interpretations of sharia law, which focuses on strengthening the owners of the trust interest groups box different in the Islamic finance industry .odharorh full coordination and synergy between the regulatory and legislative bodies and the need for departments to coordinate with each other to create infrastructure and financial system compatible with the principles of Islamic law that Thoudy measure the solvency of institutions adequate attention to the process to reflect the extent of their exposure to various risks He pointed Dr. Sadeq al-Shammari The recommendations stressed the need for a framework of appropriate governance system includes compatibility practices with Islamic Sharia law and that there is a part of the financial overseeing includes financial reporting and accounting systems, auditing and financial solvency and cases of reconstruction, risk management, transparency, disclosure, corporate governance .odharorh coordination between regulators and educational entities in the field of Islamic finance and support the establishment of research centers for the development of special products to hedge against operational risk and market risk are compatible with Islamic sharia law. Additionally urged departments from the Iraqi Islamic banks to create a mechanism for control of the capital adequacy ratio and make them according to the decisions of the Basel Committee and the decisions of the central bank. To ensure the implementation of the decisions of the Basel Committee requires the Iraqi Islamic banks to have a system to estimate the required capital level compared to the level of risk, as well as the formulation of a clear strategy to maintain capital at an appropriate level required if the increased risk .oshdd Shammari the need to hire highly qualified message bank Islamic, and put instructions and guidelines for measuring risk, in the light of what was issued by the Basel Committee of the principles and inquiries of the number of competent human cadres through the establishment of a training program. And to open branches or windows in the districts and sub-districts across the country for the purpose of attracting savings and investment in farming and Ijara which formats lacks her country to focus on serving the public interest to the advancement of the economic aspect of the country .oan be working on risk management by achieving capacity to measure all kinds and create special departments to monitor the implementation of the policy for risk, and other departments to follow up on the implementation of credit policies approved, and activating the role of censorship Interior and strengthened so that they can anticipate Almkhatrqubl occur .odharorh create engineering management in Islamic banks includes an efficient and qualified elements of project management, stressing Dr. Sadeq al-Shammari said to be the central bank to distinguish in the application of capital adequacy standard between Islamic banks and conventional banks which takes into account the special characteristics of this banks and the central bank to activate the role of oversight of Islamic banks in terms of the adequacy of the opinion money and the extent of the application of the central banks of the principles of Sharia-related formulas finance and investment, and the creation of a specialized department at the central bank independent connected by all Islamic banks and pursue the work and activities of these banks on an ongoing basis, he said Islamic banks are exposed to several risks of not less important than the conventional banks have risk beyond that to the risk of non-compliance with Islamic rulings.
Islamic Banks operate in accordance with the provisions of Islamic Sharia law, which does not deal benefit, making it difficult to resort to the Central Bank for lending in the case of the face of scarcity Alsjulh.ually Although abnormal conditions experienced by the Iraqi banking sector note that the Iraqi Islamic banks worked to increase its capital adequacy ratio for prescribed percentage on according to the standard of the Basel Committee on Bank CBI especially Islamic banks exceeding percentage (73%) in some banks. Although little information on the standard Basel information for most workers in the banking field in the Iraqi Islamic banks. Despite the presence of adequacy ratio head highbrow money in the banks of the Islamic study sample, but that these banks did not invest that money in all formats, especially Leasing formats and Almzarah.oan regulatory capital is the pillow that absorb unexpected losses experienced by banks so bear capital funding losses from the bank's own funds as well as funded for any losses from investment accounts that the infringement or shortening .ougod head high capital adequacy ratio of banks in the Islamic proven evidence of the lack of real investment in basic funding formulas as well as the absence of central control in the investment of these funds .ougod some of the material (Article 28) of the Banking Act No. 93 of 2004 that are bound Ativmn by Islamic banks defiance of Islamic banking activities in Alastosmarola operations, particularly in fixed assets. There is a close relationship between capital adequacy and risk funding formulas and sources of investment Projects financed from the funds of the bank, which covers the capital Organizational fully the risks, but financed from the funds of investors funding formulas, the part of the risk borne by the bank to keep the investors, it did not prove to the bank any negligence or omission has forced the bank to waive part of the shareholders' profits for the owners of investment accounts, there is a relationship between the diversity of funding formulas and the variety of risks formats funding since the degree of risk faced by Islamic banks severity vary, stakes are the highest intensity is the risk of profit margin and least is the market risk, and the severity of these risks vary depending on the Islamic modes of financing. Where that higher risk is the risk of credit funding formula to participate and the least is the liquidity risk for to hold speculative .uadm a unified legitimate body that sets standards for the practice of Islamic finance activities, which led to a discrepancy and the difference in the decisions of the legitimate Committees Calendar lack of accounting standards aligned with the nature of Islamic finance system, leading to the existence of substantial differences in accounting treatment due to the multiplicity of standards, whether (IFRS) or in the service of Islamic Dr. Sadeq al-Shammari that the theme of banking risk management is one of the important issues that took acquires interests of researchers, bankers and occupy their attention on the local and global levels, especially in the wake of the financial crisis and the bank that received In many countries of the world and finally the global financial crisis in 2008, and through the study and analysis of these various crises shows that the most important causes of these crises is the growing financial and banking risks faced by banks and financial institutions on the part of management and weakness on the part of Akhr.oan The most important features of Islamic banking is involved in risk between the providers of funds and bank on the one hand and between the bank and the money users on the other hand. It is the methodological foundations of the Islamic banking rules to the effect of jurisprudence (sheep Balgrm) and output security, and the relationship on the basis of cooperation and mutual care and commitment to ethical behavior on the grounds that the two parties share in the profit and loss, and this necessarily requires work to ensure the safety of transactions that take place within the framework of this relationship and its success in achieving the objectives to be accessible and these rules emphasize the most important feature of the capital attributes, a willingness to take risks is that this attribute does not deny in any way the importance of research on the risks that the presence of Islamic banking and know the consequences of its existence and identify methods Almlaúmyh which serve used to address these risks and the end of the talk about the standard Capital adequacy in Islamic banks.
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