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Parliament passes an act to support small projects
21/01/2012
Looking reducing interest rates on advances to employees
BAGHDAD - Al Sabah
Scheduled to discuss the House of Representatives today, 19 law, notably the draft general budget for the year 2012. On the prescribed day study of reducing interest rates on advances to the staff in half, the voice on the first law on support for small income generating activities. According to the source of parliamentary early "morning", the Parliament will commence now study the issue of lending staff provided by 52 deputies. An official source at the Finance Committee, the parliamentary said "morning" recently, said that "Parliament will discuss shortly a request by 52 deputies to study the benefits of loan officers," adding that "there is a tendency to reduce these benefits in half, so as not to burden the staff. "The MP Saman Fawzi Omar:" The House of Representatives will be discussed at Monday's session topic interest loans percent salary granted to employees is set at 8 percent by the Rafidain and Rasheed. "He said Omar, in a press statement that" interest loans in violation of the provisions of Islamic Sharia and in paragraph (2) of the Constitution has been referred to not conflict with Sharia. "It is said that the Rafidain and Rasheed religiously recently distributed advances and financial loans to employees, where the employee taking advance the amount of five million dinars, or financial loan by 100 salary of my name, not to exceed $ 50 million paid over ten years for the purpose of building or buying housing. The House of Representatives had voted at the third session, held under the chairmanship of Osama Najafi, Chairman of the House of Representatives and the presence of 179 deputies yesterday, a bill to support projects small income-generating report of the committees of the financial, economic and legal for the purpose of supporting these projects through provision of soft loans in the framework of the completion of the ability to use and employment in the Decent Work Agenda and to reduce the volume of unemployment and the expansion of the culture of self-employment and entrepreneurship and to encourage individual initiative and private.
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