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Legislation calls for Islamic banking law
6/29/2015 0:00
It has achieved a significant expansion in the world
BAGHDAD
banking expert stressed the importance of legislation Islamic banking law, especially after it has achieved great success funded many of the investment projects.
said Dr. Sadeq al-Shammari during the annual meeting of the Islamic National Bank Islamic banks keep pace with developments in the the world in this field, noting that the bank was able to raise its capital to 251 billion dinars based on the directives of the Central Bank of Iraq.
He pointed to the development of the work of Islamic banks need to simplify the central bank measures, particularly in the Detailed buy properties for banks, pointing out that the success of Islamic banks lies in its assets in support of the assets of its work, noting the importance of issuing official approvals during the time periods acceptable.
He pointed out that the National Bank is working to provide advanced services to beneficiaries of companies and citizens, pointing out that the volume of credit promissory exceeded the trillion dinars over the past year, while the amount of letters of guarantee amounted to 933 billion dinars, noting that the volume of deposits last year touched the 243 billion dinars. Shammari pointed to the expansion of Islamic banking in the world and regional area and are striking, especially as more than 600 bank worldwide branches scattered in most of the cities with assets of more than $ 3 trillion achieved an annual growth rate exceeding 30 percent of the market share of the banking business, He pointed out that the Islamic finance operations have become the focus of attention of many peoples of the world. And the possibility of employing the banks of the Global Islamic efforts in serving the national economy through building bridges of cooperation between our banks and banks of the world, noting that participation in international conferences contribute to building bridges of cooperation sophisticated banking effort, which has the modern technologies that fit and stage of economic development that was sought by the country and the requirements of the banking sector is able to efficiently handle large amounts of money which employs in large investment projects.
He concluded by urging the relevant authorities to create conditions for the development of Islamic banking conditions in Iraq in light of the achievements of the fan base in a short period.
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6/29/2015 0:00
It has achieved a significant expansion in the world
BAGHDAD
banking expert stressed the importance of legislation Islamic banking law, especially after it has achieved great success funded many of the investment projects.
said Dr. Sadeq al-Shammari during the annual meeting of the Islamic National Bank Islamic banks keep pace with developments in the the world in this field, noting that the bank was able to raise its capital to 251 billion dinars based on the directives of the Central Bank of Iraq.
He pointed to the development of the work of Islamic banks need to simplify the central bank measures, particularly in the Detailed buy properties for banks, pointing out that the success of Islamic banks lies in its assets in support of the assets of its work, noting the importance of issuing official approvals during the time periods acceptable.
He pointed out that the National Bank is working to provide advanced services to beneficiaries of companies and citizens, pointing out that the volume of credit promissory exceeded the trillion dinars over the past year, while the amount of letters of guarantee amounted to 933 billion dinars, noting that the volume of deposits last year touched the 243 billion dinars. Shammari pointed to the expansion of Islamic banking in the world and regional area and are striking, especially as more than 600 bank worldwide branches scattered in most of the cities with assets of more than $ 3 trillion achieved an annual growth rate exceeding 30 percent of the market share of the banking business, He pointed out that the Islamic finance operations have become the focus of attention of many peoples of the world. And the possibility of employing the banks of the Global Islamic efforts in serving the national economy through building bridges of cooperation between our banks and banks of the world, noting that participation in international conferences contribute to building bridges of cooperation sophisticated banking effort, which has the modern technologies that fit and stage of economic development that was sought by the country and the requirements of the banking sector is able to efficiently handle large amounts of money which employs in large investment projects.
He concluded by urging the relevant authorities to create conditions for the development of Islamic banking conditions in Iraq in light of the achievements of the fan base in a short period.
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