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Goldfinch: Islamic bank to open a government confuses the work of banks
07/06/2012 2:35
BAGHDAD - Al Sabah
criticized the Executive Director of the Association of private banks Abdul Aziz Hassoun, the government's decision to open an Islamic bank followed her, saying he would be a burden on the sector of government banks in particular. said Hassoun: The State-owned banks able to open windows for Islamic banking because it has the potential and the ability to do practice banking, and can not for the government to open an Islamic bank of its own because it would be a great burden on them. He said: We must end the departments Banking governmental organizations in the public sector, because they lack the vision of objectivity in the banking, because Iraq is on the verge of free-market economy does not recognize regimes totalitarian controlled by governments. and started the activities of Islamic banks in Iraq since (1993) when establishing the first Islamic bank in Iraq, called the (Bank of Iraq Islamic), while the number of banks trading system Islamic banking (9) banks, including Bank external and the latest (Gulf) open a branch in Iraq.
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