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Central Bank supports Islamic banks
31/5/2015
BAGHDAD
said managing director of the Islamic National Bank, the President of the Association of Banks Islamic in Iraq Sadiq al-Shammari's central bank to support the broad activity that has become characteristic of Islamic banking in Iraq.
Shammari said in a statement to the Iraqi News / Nina / National Agency "that the idea of Islamic instruments came To resolve the problem in front of Islamic banks in order to enter in investing in these instruments, which he described property instruments that bear the losses and profits instead of traditional debt securities bonds and Treasury money market funds and others.
He explained, "that these instruments will be an attractive alternative for companies that need to fund capital with reluctance many who They want to be their investments acceptable legally and those who stayed away from investing in debt securities and debt, to the quality of interest and trading in debt and we mean selling religion to religion. "
Among Shammari, "The terms of these instruments provide owned assets to those constituent be able to generate income on a regular and ongoing basis, as it should be Enjoy the assets to be Tskeckha attractive for the investor and Hmaattalb presence creditworthy in assets Kantzam repayment guarantees in kind. "
The Al-Shammari said that "a broad program to be adopted by the Association of Banks of the Islamic case approval of its law and its system in order to enhance the activity of this sector and its development after the overall development and success, which is characterized by this type of activity and a widening customer base with him and expressed his expectation to increase space presence of this sector in large areas of Iraq during the coming period. "
The eighth-Shammari, who heads the Islamic Association of Banks in Iraq, remarks Iraqi Central Bank Governor Dr. Ali Keywords recent over his support for the banking Islamic orientation adopted by the Iraqi Central to stimulate this type of banking in line with the success of the region and the world. "
The Governor of the Central Bank of Iraq Dr. Ali Keywords had said in press statements support the Central Bank of the broad activity that has become characteristic of Islamic banking in Iraq as a result of admissibility growing that you achieve your goal of citizens who have reservations to deal with usurious banks or commercial.
Keywords and said that the central Iraqi eager to evaluate this type of banking and facilitates its inception process and spread down to the wishes of the vast amount of wanting to deal with this type of banking citizens, referring to the "The central bank" is following the law of Islamic banking, which is expected enacted by the House of Representatives after being passed by the Council of Ministers. "
He said there is a great need to support Islamic banks in order to help them keep abreast of Islamic banking in the world and the evolution of their products, which called for most of the international banks seeking to take advantage of the contents Islamic banking.
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31/5/2015
BAGHDAD
said managing director of the Islamic National Bank, the President of the Association of Banks Islamic in Iraq Sadiq al-Shammari's central bank to support the broad activity that has become characteristic of Islamic banking in Iraq.
Shammari said in a statement to the Iraqi News / Nina / National Agency "that the idea of Islamic instruments came To resolve the problem in front of Islamic banks in order to enter in investing in these instruments, which he described property instruments that bear the losses and profits instead of traditional debt securities bonds and Treasury money market funds and others.
He explained, "that these instruments will be an attractive alternative for companies that need to fund capital with reluctance many who They want to be their investments acceptable legally and those who stayed away from investing in debt securities and debt, to the quality of interest and trading in debt and we mean selling religion to religion. "
Among Shammari, "The terms of these instruments provide owned assets to those constituent be able to generate income on a regular and ongoing basis, as it should be Enjoy the assets to be Tskeckha attractive for the investor and Hmaattalb presence creditworthy in assets Kantzam repayment guarantees in kind. "
The Al-Shammari said that "a broad program to be adopted by the Association of Banks of the Islamic case approval of its law and its system in order to enhance the activity of this sector and its development after the overall development and success, which is characterized by this type of activity and a widening customer base with him and expressed his expectation to increase space presence of this sector in large areas of Iraq during the coming period. "
The eighth-Shammari, who heads the Islamic Association of Banks in Iraq, remarks Iraqi Central Bank Governor Dr. Ali Keywords recent over his support for the banking Islamic orientation adopted by the Iraqi Central to stimulate this type of banking in line with the success of the region and the world. "
The Governor of the Central Bank of Iraq Dr. Ali Keywords had said in press statements support the Central Bank of the broad activity that has become characteristic of Islamic banking in Iraq as a result of admissibility growing that you achieve your goal of citizens who have reservations to deal with usurious banks or commercial.
Keywords and said that the central Iraqi eager to evaluate this type of banking and facilitates its inception process and spread down to the wishes of the vast amount of wanting to deal with this type of banking citizens, referring to the "The central bank" is following the law of Islamic banking, which is expected enacted by the House of Representatives after being passed by the Council of Ministers. "
He said there is a great need to support Islamic banks in order to help them keep abreast of Islamic banking in the world and the evolution of their products, which called for most of the international banks seeking to take advantage of the contents Islamic banking.
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