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New CBI Announcement 02/13/2017


yota691
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From yesterday... Islamic Association of Banks: Work Islamic banking instruments will enhance the capacity and to the benefit of the national economy 
 02/06/2017 12:28  BAGHDAD / tomorrow Press: According to the Islamic Association of Banks, on Monday, that the work of"Islamic bond" will enhance the ability of these banks, which would contribute to the development of production and activation of the principle of sustainable development.  The Assembly adviser, banking Abdullah Shamkhi, for "tomorrow's Press," "The Islamic banks have played a significant role during the past three years and is making progress last through the opening of new Islamic banks after its license from the Central Bank of Iraq."  He said Shamkhi, that "Islamic banks can enter into partnerships check benefit the national economy, as it represents the basis of economic development funding," pointing out that "Islamic banks demand the formation of an Islamic portfolio through Islamic instruments." He went on that "general federal budget for 2017 to allow the establishment of such a financing portfolio as a successful and important on the level of implementation of the various productive and service projects."  Islamic banking and popping into existence in 1975, a portfolio of $ 175 million, then expanded horizontally to reach the various countries of the world and began leading international banks to open Islamic banking windows.

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