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Expert: increasing the capital of private banks contributed to the consumer without productivity trends
10/21/2012 12:00 am
BAGHDAD - Hussein Tgb Tamimi
escalate competition between Islamic banks and commercial leading to attract customers to deal with all the privileges and mechanisms, With confirms banking expert Ghalib Abdul Qadir often that there is a tendency community towards Islamic banks diagnosed banking expert Abdul Baqi satisfaction that there was a lack in dealing with banks and declining savings culture.
Ghalib for his part stressed that the experience of modern Islamic banking in the country and the need to examine and study the reality of development in the community under the direction towards banks Allarboah which require legal legislation governing the work of this type of banks. Calling the central bank to give this type of banks more attention than it is, especially if a number of banks usury opened Islamic windows, there are also trends to open Islamic bank a government, or Islamic windows and this is clear evidence of the success of this type of banks and it has achieved great success in the field of money.
satisfaction of his people reasons behind the decline to deal with banks in general and called weak savings summed deprivation, who led after the change to the excessive consumption along with distrust banks due to the general economic situation.
said Ghalib: that Islamic banks have extension work in all economic sectors , pointing out that the Iraqi Islamic Bank enter new banking products resonated from a wide range of citizens, including leasing, and these products have achieved great success in the sectors of agro-industrial and service covered over the bank.
also entered the bank field sales service, including sending people to Umrah and this new approach has met palatable. He pointed out that Islamic banks in the country need to provide a suitable working environment and here is the responsibility on the shoulders of the central bank, who prefers to rely experts in this field for the adoption of regulations that are appropriate to work in Iraq.
and pointed out that the success of Islamic banks combined number products provided by the bank to customers . Where there should be new products and periodically pay the citizen towards this type of banks.
demanded Department Registrar of Companies of the importance of a shortcut routine which confuses the work of banks in order to slow the completion of transactions and complexity that accompanies the process of completing the application provided by the bank, which takes a long time, in addition to what imposed circle of new steps disruption of the process of achievement during the appropriate time period.
and the inclusion of banks in the Iraqi market for securities, said: Shares of banks on the rise despite the fact that the capital increase is known to be contributing to the decline in stock price but success witnessed by Islamic banking led to higher Shares on the Stock Exchange. This is proof that the performance of Islamic banks is distinctive and it's going in the right direction, especially after that adopted Islamic banks of financial disclosure and transparency indicators show upward of profits and track these banks.
and the importance of holding the central lift capital of private banks drew an economist Abdalbagi satisfaction that the goal of the central bind private banks to increase their capital in theory good is it in practice has contributed to excessive trends consumer without productivity because economic activity confined to trade and state trade consumer.
wondered satisfaction about the importance of big money without investing in industry, agriculture, two sectors Matlan there a lot of money in banks in return for the areas of investment are weak and few. Pointing out that this excess liquidity at banks of the meaning of her with restrictions to prevent dealing with ministries, for example. Indicating that have been affected in the presence of small banks as well as large banks wondering why this insistence on forcing banks to raise their capital continuously, noting that in a small U.S. banks serve customers small towns and there are major banks developmental goals.
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