Thursday 08.27.2015 2:01
He stressed member of the Board of the Central Bank of Iraq administration expert Majid picture that Islamic Mesopotamia Bank will be the addition of new banking sector in order to make this vital sector away from usury.
"The picture in a statement singled out the" Baghdad News "on Wednesday that" the integration of the Rafidain bank branches process and Rasheed interested in Islamic Bachirvh Bank Islamic Mesopotamia, it will be the basis in the development of Islamic banking in Iraq because the concentration of capital in a very important one bank and not distracting Activity government banks at the moment, because the damage to the banking sector and financial.
"He added that" it is very necessary to focus on the development of Islamic banking and work on providing it with money could be used for the benefit of economic and financial development in Iraq.
"He noted that" the Islamic Mesopotamia Bank starting point would be real participation for the development of the banking sector in Iraq, which in turn will activate the Iraqi sector of the economy, noting that the government involve Mesopotamia Bank Islamic in loans that have been granted by the Central Bank of Iraq, in addition to banks (industrial, agricultural and real estate) and the amount of five trillion dinars, which will thus create the possibility of a wide Bank to contribute to the development of the banking and economic sector in Iraq.
"He said the" the existence of Islamic banking in Iraq, which has been introduced after the process of change will lead to a significant impact on the growth of financial activity in Iraq by Islamic banking on the one hand and will have a very big role in the development process in Iraq, on the other hand.
"He explained that" the establishment of Islamic banking at this time will create a state of investment attraction in Iraq based on the bases of Islamic required by most investors in the Arab world and the Iraqi motivator, and will work to stimulate the private sector in Iraq.
"He said the picture, that" the banking culture in Iraq is very weak but that the Islamic Mesopotamia Bank began work will change the situation in Iraq as well as will be the basis through which the revitalization of the economic sector in Iraq.
"For his part, economist Mohsen al-Zaidi said that" the Islamic Mesopotamia Bank will be the basis in the development of Islamic banking in Iraq.
"He said al-Zaidi told the" Baghdad News "that" Islamic Mesopotamia Bank will be Add new to the banking sector, and that the Islamic banking in Iraq needs to Islamic banking transactions and which is very important banking sector.
"He noted that" the Islamic banking sectors outside of Iraq is a large-sectors and related assets very much billions of dollars and that will work on the development of the economic sector in Iraq ".
He said the" services that could be provided by the Islamic Mesopotamia to customers bank with at home and abroad will be based on Islamic fundamentals away from usury in the business of government of Iraqi banks.
"He said al-Zaidi said" rivers bank as a bank Islamist be a very small deposits because it deals Islamic law, so the government should call for the rest of the financial community to put Aadaatha and allocations budget in Mesopotamia Bank will contribute significantly to strengthening the bank in his work and can accomplish too many transactions.
"He added that" the bank is interested in all areas of investment according to the Islamic Action such as Murabaha transactions in goods, real estate and other " .
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