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Financial Inclusion banking services {} reduce class differences
7/5/2015 0:00
Dr. Sadiq al-Shammari propose a pilot program to convert the poor to productive
BAGHDAD - Hussein al-Tamimi Tgb
said financial expert Dr. Sadeq al-Shammari need to work on the adoption of the banking sector new mechanisms work provide banking facilities to the poor to enable them to enter into the production process through the employment of liquidity that they receive in meaningful work programs economically through a pilot program that converts the poor to producers, pointing to the importance of the adoption of financial inclusion which ensures the inclusion of all members of the community services {bank} and provide liquidity.
He said in an interview for the "morning" that the link between anti-poverty process and create job opportunities for the poor is the optimal solution with the need to create opportunities for self-employment to the use of human energies to eliminate the exploitation of moneylenders for the poor any integration of this marginalized sector (the poor) from the community in a typical founders of the entity through the development of programs to convert the poor to producers through the supply of these facilities transfer.
He pointed to the need for the widespread acceptance of the Murabaha means basic means of funding and access to returns of banks that replaced the traditional with the benefits of the loan shop, through the purchase of goods and sold (the cost of item plus an agreed profit) rate similar to the rate prevailing interest premium, and this reflects the existence of a dilemma and a problem in the Islamic faiths, pointing out that Islamic banks, which took its base to spread globally working on the adoption of banking products chime and the wishes of many customers and is working to reduce class differences among members of the community by adopting financial inclusion system.
Shammari urged central banks during his participation in the banking conference in Budapest to motivate and encourage Islamic banks to set up or establish a market between Islamic banks and development and to provide an appropriate mechanism for liquidity to facilitate the process of administration to liquidity between Islamic banks, for being one of the main challenges faced by the lack of liquidity if needed, but if there were surpluses in liquidity can be mobilized for the purpose of financing investments and the financing of various types of projects, as well as support produced slides in and sprayed small and Mcharaha which guarantee them a decent life.
He called to adopt a culture of occupational segregation as necessary for Islamic banks to invest in human resource, whether staff or the regulations and assessment of staff to ensure their continuity and development to be done professionally and literally work of Islamic banking and the establishment of private institutes for training on Islamic banking , as long as the Islamic banking and its products have become the backbone of the reform of economic systems, especially the Arab Islamic, so it has to be rehabilitation of human resource more attention to training in order to qualify qualified professionally and literally to be fully aware of.
The number of Islamic banks exceeded 591 banks spread across 57 countries , equivalent to a third of the countries in the world.
He Shammari to the importance of employment untapped financial resources adequately and turn them into acceptable from the point of view of Islamic investment channel in order to achieve economic and social development, pointing out that it requires the use of means and tools vital attract the owners of the money to be invested instead of leaving their savings without getting returns in order to avoid usury as many of them still prefer to save their money without accepting any returns, especially when we know that traditional banks are striving to exploit the money has left a big gap between the rich and the poverty which as means to make the rich richer and the poor poorer.
Shammari called for a framework of banks and mechanisms of governance and risk management systems and internal controls, implementation, as required for the development of control systems, internal audit and forensic work legitimate oversight bodies and thus activating the Islamic banking business through the principles of honesty, transparency and honesty and as a result the purposes of the law realized.
He concluded by saying that the development of system risk management coordination with supervisory authority is a necessity to be involved in proportion to the work of Islamic banking institutions as many of them only buy programs and systems, computer and risk management solutions without that fit in with the nature of Islamic banking and its products (in speculation and Murabaha, Ijara, selling him) as well as the development of banking systems as a system of payments and electronic clearing.
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7/5/2015 0:00
Dr. Sadiq al-Shammari propose a pilot program to convert the poor to productive
BAGHDAD - Hussein al-Tamimi Tgb
said financial expert Dr. Sadeq al-Shammari need to work on the adoption of the banking sector new mechanisms work provide banking facilities to the poor to enable them to enter into the production process through the employment of liquidity that they receive in meaningful work programs economically through a pilot program that converts the poor to producers, pointing to the importance of the adoption of financial inclusion which ensures the inclusion of all members of the community services {bank} and provide liquidity.
He said in an interview for the "morning" that the link between anti-poverty process and create job opportunities for the poor is the optimal solution with the need to create opportunities for self-employment to the use of human energies to eliminate the exploitation of moneylenders for the poor any integration of this marginalized sector (the poor) from the community in a typical founders of the entity through the development of programs to convert the poor to producers through the supply of these facilities transfer.
He pointed to the need for the widespread acceptance of the Murabaha means basic means of funding and access to returns of banks that replaced the traditional with the benefits of the loan shop, through the purchase of goods and sold (the cost of item plus an agreed profit) rate similar to the rate prevailing interest premium, and this reflects the existence of a dilemma and a problem in the Islamic faiths, pointing out that Islamic banks, which took its base to spread globally working on the adoption of banking products chime and the wishes of many customers and is working to reduce class differences among members of the community by adopting financial inclusion system.
Shammari urged central banks during his participation in the banking conference in Budapest to motivate and encourage Islamic banks to set up or establish a market between Islamic banks and development and to provide an appropriate mechanism for liquidity to facilitate the process of administration to liquidity between Islamic banks, for being one of the main challenges faced by the lack of liquidity if needed, but if there were surpluses in liquidity can be mobilized for the purpose of financing investments and the financing of various types of projects, as well as support produced slides in and sprayed small and Mcharaha which guarantee them a decent life.
He called to adopt a culture of occupational segregation as necessary for Islamic banks to invest in human resource, whether staff or the regulations and assessment of staff to ensure their continuity and development to be done professionally and literally work of Islamic banking and the establishment of private institutes for training on Islamic banking , as long as the Islamic banking and its products have become the backbone of the reform of economic systems, especially the Arab Islamic, so it has to be rehabilitation of human resource more attention to training in order to qualify qualified professionally and literally to be fully aware of.
The number of Islamic banks exceeded 591 banks spread across 57 countries , equivalent to a third of the countries in the world.
He Shammari to the importance of employment untapped financial resources adequately and turn them into acceptable from the point of view of Islamic investment channel in order to achieve economic and social development, pointing out that it requires the use of means and tools vital attract the owners of the money to be invested instead of leaving their savings without getting returns in order to avoid usury as many of them still prefer to save their money without accepting any returns, especially when we know that traditional banks are striving to exploit the money has left a big gap between the rich and the poverty which as means to make the rich richer and the poor poorer.
Shammari called for a framework of banks and mechanisms of governance and risk management systems and internal controls, implementation, as required for the development of control systems, internal audit and forensic work legitimate oversight bodies and thus activating the Islamic banking business through the principles of honesty, transparency and honesty and as a result the purposes of the law realized.
He concluded by saying that the development of system risk management coordination with supervisory authority is a necessity to be involved in proportion to the work of Islamic banking institutions as many of them only buy programs and systems, computer and risk management solutions without that fit in with the nature of Islamic banking and its products (in speculation and Murabaha, Ijara, selling him) as well as the development of banking systems as a system of payments and electronic clearing.
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