Central Bank: the phenomenon of dealing in riba pose a threat to the national economy and the size of inflation in the market

Saturday, 03 March / March 2012

Said the deputy governor of the Central Bank of the appearance of Mohammed Saleh said that the phenomenon of dealing in riba has become a threat to the internal economy of Iraq has not been paying attention in advance by any party

Saleh said Iraq told every [where] that "the phenomenon of usury, a year in Iraq up to 86%, which is very serious," calling "the competent authorities to consider the matter and put an end to that."

"The Islamic religion calls for not dealing with riba Almighty said: (O ye who believe! Devour not usury, doubled and fear Allah, that ye may prosper) [al: Imran - verse 130], and the law also called for to combat the phenomenon of usury out of the system is intended outside of system is the phenomenon of usury among the citizens as well as their impact on the national economy. "

And that "lenders are very dangerous on the size of inflation in the Iraqi market and this has not been paying attention to him in advance which constitutes a large proportion of financial transactions in the market." Ended 2

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