The Central Bank suspends the procedures for the establishment of banks under incorporation and is authorized to merge every seven banks

The Central Bank suspends the procedures for the establishment of banks under incorporation and is authorized to merge every seven banks

In the economy of December 25, 2017


BAGHDAD / The Central Bank of Iraq issued on Monday a document referring to the suspension of procedures for the establishment of banks under construction and is authorized to merge every seven banks.
The document issued by the Central Bank on the study submitted on the establishment of Islamic banks to form a committee of the bank to convert all financial transfer companies that submitted requests to switch to banks or not yet submitted to one bank or two banks or converted to exchange companies.
The document shows that the banks that are under the foundation and did not get approval after the cessation of the completion of its procedures and the option to merge every seven banks to form a single bank is not Islamic.
The bank will not consider requests for the establishment of new Islamic banks, the document said.
The document reads as follows:


http://sngiq.net/wordpress/?p=105112

Central Iraqi" stop the procedures of banks under incorporation



The Central Bank of Iraq proposed the merger of all seven banks in one entity 25 December 2017 12:12 PM
The Central Bank of Iraq decided to stop the completion of the procedures of banks under incorporation, the number of 21 banks, and the choice to merge every seven banks combined to form a single bank is not Islamic.
The Central Bank said in a statement that it had also decided not to consider requests to establish new Islamic banks.
The Central Bank said that the applications of the Islamic banks will be submitted to the initial approval and completed all procedures and deposited the full amount of capital required within the specified period to the committee formed to provide an opinion on them.
In its meeting held on December 7, the Central Bank decided to set up a working group to study the conversion of all financial transfer companies that submitted applications to banks, which have not yet submitted applications to one bank or two banks or transferred to exchange companies.
And the Central Bank of Iraq 's sales of foreign currency during the auction on Monday to 141.03 million dollars , for the sale of 138.51 million dollars auction on Sunday


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The document .. A decision of the Central Bank to suspend the procedures for the establishment of banks under incorporation





2017/12/25 12:32

(Encyclopedia of this Day News | Iraq News ) - Economy

From 2017-12-25 at 12:17 (Baghdad time)


Baghdad Mawazine News

The Central Bank of Iraq decided to suspend the procedures for the establishment of banks under incorporation and its good merging every seven banks.

According to a document issued by him.

"It was decided to form a team from Walid Aidi Abdul Nabi, Ihsan Shamran Al-Yasiri, Dr. Majid Mohammed Hassan Al-Soury and Mr. Qusim Saleh Ali to submit a study to transfer all companies," the report said. Financial transfer, which submitted requests to switch to banks or not yet submitted to one bank or two banks or converted to exchange companies "

The document said that "the banks that are under establishment and did not get the approval after the completion of the completion of its procedures and the choice of integration of all seven banks to form a single bank is not Islamic," pointing out that the number of these banks is 21 banks will face the suspension of work.

"The bank will not consider applications for the establishment of new Islamic banks," it said



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