Friday 5/25/2012
Baghdad (news) ..
Approved the Executive Director of the Association of private banks
Abdul Aziz Hassoun that the activity of Islamic banks is much better
than other Iraqi banks being traded her in the middle of the market and
not in the office, and its commitment to the laws of the Islamic
religion.
The Goldfinch (of the Agency news): The work of Islamic banks is quite different from the normal business of the other banks being engaged in work in the middle of the market and the complexity of transactions and buy and sell outside their offices and away the financial risk faced by most banks.
He added that the commitment to the laws of the Islamic religion and beliefs that the text of the religion which make her a large audience "any depositors of money", and now has Aaúdt financial than achieved by the private banks the other, indicating that the spread will generate a competitive atmosphere between Iraqi banks in general.
It consists of the banking system in Iraq from the forty-three banks as well as the central bank and distributed according to ownership between (7) banks and government (30) my family, including Bank (7) Islamic banks in addition to (6) foreign banks. In spite of the Investment Law No. 13 of 2006 had excluded the investment in the banking sector of its provisions but the investment in the banking sector takes its legal framework on the basis of legal central bank No. 56 of 2004, banks No. 94 of 2004, with a minimum of the founding of a bank in Iraq 100 billion Iraqi dinars (ie, up to $ 85 million (. / Finished / 8. n. r /
The Goldfinch (of the Agency news): The work of Islamic banks is quite different from the normal business of the other banks being engaged in work in the middle of the market and the complexity of transactions and buy and sell outside their offices and away the financial risk faced by most banks.
He added that the commitment to the laws of the Islamic religion and beliefs that the text of the religion which make her a large audience "any depositors of money", and now has Aaúdt financial than achieved by the private banks the other, indicating that the spread will generate a competitive atmosphere between Iraqi banks in general.
It consists of the banking system in Iraq from the forty-three banks as well as the central bank and distributed according to ownership between (7) banks and government (30) my family, including Bank (7) Islamic banks in addition to (6) foreign banks. In spite of the Investment Law No. 13 of 2006 had excluded the investment in the banking sector of its provisions but the investment in the banking sector takes its legal framework on the basis of legal central bank No. 56 of 2004, banks No. 94 of 2004, with a minimum of the founding of a bank in Iraq 100 billion Iraqi dinars (ie, up to $ 85 million (. / Finished / 8. n. r /