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Banker calls for the establishment of an Islamic investment fund to provide loans to investors
01/04/2015
BAGHDAD / Source News / .. called the managing director of the Islamic National Bank Sadiq al-Shammari, Wednesday, to set up an Islamic investment funds specializing in real estate financing in each Islamic bank.
Al-Shammari said in a press statement I followed Agency / Source News /, that "the expansion of funding has become a hub in the implementation of projects aimed to bring about sustainable economic development, which made Islamic banks tend to activate the financial funding outlets and ways to achieve its goals to meet the current requirements phase," adding that "open branches of funding windows in districts and areas in all governorates help attract savings and investment in the farm and rent a country that lacks formats, which helps to promote the economic aspect of the country."
He stressed the "importance of a regulatory framework and ensures regulatory and standardization of opinions and interpretations of sharia law in order to strengthen the confidence of the stakeholders and the relevant authorities of the Islamic finance industry", calling for "the establishment of a suitable system complies with Islamic law."
He called al-Shammari departments Islamic banks to "find a mechanism to control the capital adequacy ratio, and make the approval of the Basel Committee 1, 2 and 3, which controls the performance of banks as well as Islamic Accounting and Auditing Financial Institutions body control," stressing "the importance of the availability of banking competencies able to afford Message of Islamic banks and financial Stratejyatea implementation. "
"The central banks are invited to discrimination in the application of capital adequacy standard between Islamic banks and conventional banks through the adoption of the characteristics of each of these banks, and the central bank holds the activation of the role of oversight of Islamic banks in terms of capital adequacy and the extent of the application of Islamic banks to the principles of the provisions of Islamic Sharia law on the formulas of finance and investment and the creation of a specialized department in the central banks are connected by all Islamic banks to follow the path of Islamic banking activity on an ongoing basis "./ ended Q
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01/04/2015
BAGHDAD / Source News / .. called the managing director of the Islamic National Bank Sadiq al-Shammari, Wednesday, to set up an Islamic investment funds specializing in real estate financing in each Islamic bank.
Al-Shammari said in a press statement I followed Agency / Source News /, that "the expansion of funding has become a hub in the implementation of projects aimed to bring about sustainable economic development, which made Islamic banks tend to activate the financial funding outlets and ways to achieve its goals to meet the current requirements phase," adding that "open branches of funding windows in districts and areas in all governorates help attract savings and investment in the farm and rent a country that lacks formats, which helps to promote the economic aspect of the country."
He stressed the "importance of a regulatory framework and ensures regulatory and standardization of opinions and interpretations of sharia law in order to strengthen the confidence of the stakeholders and the relevant authorities of the Islamic finance industry", calling for "the establishment of a suitable system complies with Islamic law."
He called al-Shammari departments Islamic banks to "find a mechanism to control the capital adequacy ratio, and make the approval of the Basel Committee 1, 2 and 3, which controls the performance of banks as well as Islamic Accounting and Auditing Financial Institutions body control," stressing "the importance of the availability of banking competencies able to afford Message of Islamic banks and financial Stratejyatea implementation. "
"The central banks are invited to discrimination in the application of capital adequacy standard between Islamic banks and conventional banks through the adoption of the characteristics of each of these banks, and the central bank holds the activation of the role of oversight of Islamic banks in terms of capital adequacy and the extent of the application of Islamic banks to the principles of the provisions of Islamic Sharia law on the formulas of finance and investment and the creation of a specialized department in the central banks are connected by all Islamic banks to follow the path of Islamic banking activity on an ongoing basis "./ ended Q
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