Islamic banks seeking to engage in residential investment.

[Dinar_o'saurs]

Sorry, no date on this.....

 

http://translate.google.com/translate?sl=ar&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&eotf=1&u=www.annaharkw.com%2Fannahar%2FArticle.aspx%3Fid%3D389560%26date%3D07052013&act=url

Competent confirmed on Islamic banking d. Sadeq Al Shammari continue private banks interact with a series of instructions Central Bank of Iraq, where it began focusing most of the private banks on a capital raising, which defined b (250) billion dinars at the end of June, where more than many banks this ceiling meet with the instructions of the Central, as well as in step To show the extent of which began growth of the financial sector in the country and its role in activating the economic aspects.
Al-Shammari said that private banks operate according to the Central Bank, pointing out that the most important challenge standing in front of private banks during the current stage exceeded capital limit of 250 billion dinars, indicating that the banks several announced surpass this figure, pointing out that raising capital for private banks is reflected positively in all circumstances towards activating economic activity, where widening circle of funding for projects, there will also be potential for a bank to enter the investment process as it has been modified some of the instructions of the Central Bank. He Shammari that Islamic banks began to grow rapidly in the country despite the recent experience, and provided such requests to the central bank to enter the field of residential investment authorized by regulations Central and pending approvals in this regard, calling out the importance of a shortcut some episodes excess correspondence official to speed the completion of business and the role of that contain a lot of economic problems within the community, especially the Islamic banking aims to reduce class differences in the same society and provide products in line with the orientations of Muslim communities, as well as it is supported in most of the developed world countries that adopt free market economy.