IFC Organizes an Explanatory Conference on Governance in Baghdad

[yota691]

The Association of Iraqi Private Banks is organizing the Forum of Islamic Banks at the end of this month

 

Executive Director of the Association of Private Banks Ali Tariq

Economy News Baghdad:   The Association of Iraqi Private Banks, the Forum of Islamic Banks in Iraq on the twenty-seventh of this month at the Babylon Hotel in central Baghdad.   The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, told "Economy News", "The Islamic banking sector expanded very significantly after the adoption of the Islamic Banks Law No. 43 of 2015, which sought the Association of Iraqi private banks to organize the Forum of Islamic banks in the twenty-seventh Of the current month at the Babylon Hotel in central Baghdad, "noting that" the forum will focus on Islamic banks on the topics of direct investment and participation in the process of achieving development. "   He added that "the forum aims to support Islamic banks to increase modern banking services for citizens in addition to shed light on the legislative, legal and technological environment of Islamic banking."   The number of Islamic banks operating in Iraq exceeded 20 banks, and the Central Bank decided not to increase during the next phase.     Views 133   Date Added 07/01/2018

[yota691]

Association of Iraqi private banks to organize the Forum of Islamic banks next Saturday

 

The slogan "Association of Iraqi private banks"    Economy News Baghdad: Announced the Association of Iraqi private banks, organized on Saturday, the forum of Islamic banks in Iraq with Arab and local large. The Association of Iraqi private banks in a press statement received by "Economy News", "The next Saturday will see the Forum of Islamic banks in Iraq under the title (to start an Islamic banking sector contributes to development) and with the participation of Arab and local large," indicating that "the participants are the Governor of the Central Bank Mr. Ali Al-Alaq, Secretary-General of the Council of Banks and Islamic Financial Institutions, Abdel-Elah Belaitik, and a number of Arab and local banking figures. " She added that "the forum will include three sessions to discuss the reality of the Islamic banking sector and its applications, the legislative environment that regulates the work of Islamic banks, the Shari'ah controls for product development, the objectives of expanding Islamic banking in Iraq, the role of Islamic banking in development and international accounting standards in Islamic banks." She pointed out that "the convening of this forum at the present time will have positive effects due to the significant expansion of Islamic banking during the past two years and the desire of the public to access their services." Views 108   Date Added 25/01/2018

[yota691]

The forum of Islamic banks in Iraq started with a large Arab presence

By

 rami

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January 27, 2018

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The work of the Forum of Islamic banks in Iraq, which is established by the Association of Iraqi private banks sponsored by the Central Bank of Iraq.
The meeting will be attended by the Governor of the Central Bank Ali Al-Aalak, the President of the Association of Iraqi Private Banks Wadih Al-Hantal and the Secretary-General of the General Council of Islamic Banks and Financial Institutions Abdel-Alah Belaitiq.
The forum includes three sessions entitled “Legislative and Shari’a Rules for Islamic Banking”, “Islamic Banking and Development” and “Islamic Banking Operations”.
The forum is sponsored by 15 banks, namely the National Islamic Bank, the Islamic Bank of Iraq, the International Bank of Kurdistan, the Islamic Bank of Ceyhan, the Islamic Credit Bank for Investment and Finance, the Middle East Bank for Investment, the Islamic Bank of Iraq, the Bank of Zain, the Ansari Islamic Bank for Investment and Finance, the International Islamic Bank, And Arab Islamic Bank.
The Association of Iraqi private banks, announced the organization on Saturday, the forum of Islamic banks in Iraq with a large Arab and local participation.
The Association of Iraqi Private Banks said in a press statement that “the next Saturday will see the Forum of Islamic Banks in Iraq under the title (to start an Islamic banking sector contributes to development) and with the participation of Arab and local large,” indicating that “the participants are the Governor of the Central Bank of Iraq Ali Alaq and the Secretary-General To the Council of Banks and Islamic Financial Institutions Abdel-Elah Belaitik and a number of Arab and local banking figures. ”
She added that “the forum will include three sessions to discuss the reality of the Islamic banking sector and its applications, the legislative environment that regulates the work of Islamic banks, the Shari’ah controls for product development, the objectives of expanding Islamic banking in Iraq, the role of Islamic banking in development and international accounting standards in Islamic banks.”
She pointed out that “the convening of this forum at the present time will have positive effects due to the significant expansion of Islamic banking during the past two years and the desire of the public to access their services.”

[yota691]

Governor of the Central Bank Ali Al-Alaq: 30 Islamic banks are working in Iraq

By

 rami

 -

January 27, 2018

9

0

 

 

 

The governor of the Central Bank of Iraq, Ali Alalak, that 30 Islamic banks working in Iraq now,
Al-Aalak said in his speech at the Forum of Islamic Banks in Iraq that “Islamic banking in Iraq is in great growth and currently employs 30 banks.” He pointed out that “the Central Bank provides the appropriate environment for Islamic banking and focuses on the role of awareness and increase the size of its clients.”
The governor of the Central Bank, the “need to establish a special entity for Islamic banking in order to create an organizational and research reference for the purpose of development,” pointing out that “Iraq today receives signals from countries and companies important for investment and financing for the reconstruction.

[yota691]

Al-Hanal: The capital of Iraqi Islamic banks is more than 3 billion dollars

Banks Economy News Baghdad: The head of the Association of Iraqi private banks Wadih al-Hanalal, the capital of Islamic banks is more than 3 billion dollars. Al-Hantal said in his speech at the inauguration of the Forum of Islamic Banks in Iraq, which was attended by "Al-Iktissad News", that "this forum, which is held under the slogan of (launching an Islamic banking sector contributes to development), represents a serious and important step in keeping pace with the new and accelerating developments witnessed by this type of Banking activity in our region and in the world, especially as it enjoys wide participation of elites and banking personalities specialized in the work of Islamic banking in Iraq and in the Arab countries. " "Over the past few years, the Islamic banking sector in Iraq has witnessed rapid positive developments, which have enabled it to acquire half of the market share of the total private banks with a capital of over US $ 3 billion, which gives us hope for further success, On the way to expand the formats of dealing and growth and spread horizontally and vertically in the future. " He pointed out that "the achievements of this sector are in line with the plans and programs set by the Central Bank, which focused on the principles of openness to the world, the development of banking standards, especially in the areas of compliance and risk management, combating money laundering and financing terrorism, The expansion of the use of information and communication technology systems and the rapid transition to the use of electronic banking services, to cope with the rapid global development in this area, and achieve the elements of financial inclusion to reach all segments of society and not just a particular class or category. He pointed out that "we must not forget the positive and vital role that should be addressed by banks in general within the framework of economic and social mission aimed at building the human and society, which places on them more responsibilities and necessarily requires the drawing of future plans according to the requirements of service development and society same time". "We should not forget the specificity of Islamic banking and its principles derived from the provisions of the Islamic Shari'a law, and to ensure that this is a motive to develop its capabilities and improve the quality of its services to its customers and to diversify and innovate new products, tools and banking services. The audience". "It is very important to strengthen its position, increase its share of market share and its success in banking competition, and keep abreast of the tremendous growth achieved by Islamic banks in the world, especially in the field of Islamic finance, which was admired, especially after Islamic banks managed to escape from The consequences and damage of the financial crisis that hit the world and seriously affected the reality and the future of many of the largest banks in the world. " He pointed out that "despite the achievements of the Islamic banking business in Iraq and the Arab world, more achievements are still awaited, especially in the field of financial inclusion and geographical spread in Islamic finance, which still needs to adopt standards and standards fixed and secure, for success In competition ".   Views 109   Date Added 01/27/2018

[yota691]

Association of Private Banks: Project Alq Baghdad is witnessing great progress

 

Banks Economy News Baghdad: The Executive Director of the Association of Private Banks, Ali Tariq, that the project shed Baghdad to develop 20 squares in Baghdad is witnessing great progress. He said during the Forum of Islamic Banks in Iraq, and attended by "Economy News", "The project shed Baghdad to develop 20 square in Baghdad is applied systematically and the next two months will show the features of the project almost completely." He added that "the forum of Islamic banks organized by the Association of Private Banks comes at an important stage in the Iraqi economy."   Views 144   Date Added 27/01/2018

[yota691]

The General Council of Islamic Banks and Financial Institutions: Islamic banking will reach 4 trillion dollars in 2020

 

Economy News Baghdad: The Secretary General of the General Council of Islamic Banks and Financial Institutions, Abdul Ilah Belaitiq, announced that Islamic banking will reach 4 trillion dollars in 2020. "Islamic banking began more than 40 years ago in the Arabian Gulf and is now worth $ 2 trillion and is expected to reach $ 4 trillion by 2020," he said at the Islamic Banks Forum in Iraq. He added that "the world is interested in Islamic banking today and the establishment of the International Monetary Fund Islamic Services Commission to lay the foundations for the work of the banking sector." He pointed out that "Islamic banking can help the economy of Iraq through financing projects and infrastructure development," pointing out that "the world contains 40 Islamic banks operating in 90 countries."   Views 32   Date Added 27/01/2018

[yota691]

Islamic banks hold their first meeting in Baghdad

28/1/2018 12:00 am   Baghdad / Sabah's work team The   expansion witnessed by the reality of Islamic banks locally and internationally and the surge in the volume of its trades in all regions of the world pushed the Association of private banks to organize the Forum of Islamic banks under the auspices of the Central Bank of Iraq in   Baghdad.  The Governor of the Central Bank d. Ali Alaq that "the number of Islamic banks in Iraq reached 30 banks," adding that "this expansion comes in order to increase the volume of banking and confidence-building between the banking system   and citizen."  The relationship between "the importance of working to return the money to the banking system and make them participate in the economic cycle and contribute to the process of sustainable development   ." He pointed out that "the Central Bank is working to provide the legislative environment suitable for the work of Islamic banks to activate its development role, believing that this role will support the economy." He pointed out the importance of banking awareness and stressed that everyone is required to make double efforts to develop   Islamic banking .  Secretary-General of the General Council of Islamic Banks and Financial Institutions, Abdel-Elah Belaitik, said "the importance of Islamic banking in most countries of the world for the great successes in the performance of its products and products provided to the public of beneficiaries."  He pointed out that "the volume of banking transactions in the world in 2022 will be $ 20 trillion," explaining that "this reveals the extent of the ability of this type of banks to interact with a wide range of citizens through the advanced products that provide," describing the expansion of the work of Islamic banks In Iraq   acceptable. International Islamic Banking Expert Sadiq Rashid Al-Shammari stressed that "Iraq must have an effective financial sector commensurate with the size of the wealth that it owns, whether natural or human, which necessitates a solid financial platform to be the center of support for economic advancement," pointing out that "the existence of expertise and human resources can To be a catalyst for the development of the reality of banking and commensurate with the expansion witnessed by the reality of Islamic banks.  For his part, President of the Association of Iraqi private banks Wadih al-Hanal, that the capital of Islamic banks is more than 3 billion   dollars. Al-Hantal said in his speech at the inauguration of the Forum of Islamic Banks in Iraq: "This forum, which is held under the slogan" Launching an Islamic banking sector that contributes to development, "represents a serious and important step in keeping pace with the new and accelerating developments witnessed by this type of banking activity in our region and in the world. , Especially as it enjoys wide participation of elite and banking personalities specialized in the work of Islamic banking in Iraq and in the  Arab countries  .  "Over the past few years, the Islamic banking sector in Iraq has witnessed rapid positive developments, which have enabled it to acquire half of the market share of the total private banks with a capital of over US $ 3 billion, which gives us hope for further success, On the way to expand the formats of dealing and growth and spread horizontally and vertically in the future. " Launch products General Manager of Payments Doha Abdul Karim said: "In the light of the development of the banking sector, and the tendency to invest funds in Islamic banking, will see its Islamic tools a large turnout and accept in the Iraqi society, especially if the launch of new electronic banking products in line with Islamic law," noting that " The Central Bank of Iraq has developed a system of deposit of government bonds to include the trend towards investment in the Islamic bond system to enable these banks to use investment security in accordance with Islamic law. Financial transactions Executive Director of the Association of Iraqi private banks Ali Tariq said: "The expansion witnessed by the Islamic banking sector made the attention towards him to the banking products that meet the wishes of a wide range of citizens, which led to the Association to initiate the organization of the Forum of Islamic banks in the presence of local And effective international  . " He added that "the number of Islamic banks close to 24 banks and branches spread in most cities of Iraq," noting that "this expansion witnessed by the Islamic banking sector stems from the availability of more than an option to customers of different companies or citizens need   financial transactions ."  Tariq pointed out that "the forum focused on the reality of the work of these banks their capabilities and their potential to support the national economy, as well as legislation and laws that regulate the work of these banks and stand when the products offered by the state to develop in proportion to the popular interest that has encountered during the last period."  And witnessed the reality of Islamic banking expansion in most countries of the world and exceeded the volume of trade barrier of 3 trillion dollars, and the opening of Islamic windows in the largest international banks for their   major development role . Transaction integrity Islamic Banking Expert Abdul-Hussein Al-Mundhari dealt with the subject of supervision and auditing in Islamic banks where the Control Department is the audit arm of the Shari'ah Supervisory Board of Islamic Banks, which monitors and supervises the integrity of daily credit, accounting  and other transactions  .  He explained that "this section follows the commitment of the sections and branches of the bank to implement the fatwas issued by the Authority to maintain the integrity of the implementation so as not to fall sections and branches in the legal taboo and undermine the reputation of the bank and undermine the confidence of customers and shareholders. And that this would make "the work of the control department is integrated with the oversight body through ongoing meetings between the parties and through the audit auditors provide the control body copies of reports containing audit observations on the results of audit or the results of the investigation of violations committed by managers and employees in their daily work for consideration by the Commission and the issuance of directives crisis Mlavah these errors and Sindh legitimate to establish control departments in banks and other companies and institutions is the verse "and not from you a nation enjoin good and forbid evil."  the chairman of the Islamic most correct bank management Al - Nouri said to have pointed out that " Products made  either Chairman of the World Islamic Bank Saif Deir only noted that " the Iraqi economy , which is waiting for a promising future and the size of the work is very broad needs to be a large amount of banks, which made a low profile heading towards Islamic banking , which is now offering products adapted to the economy   national."  He pointed out that "the forum discussed the most important axes of the regulatory work for the Islamic banking sector, which is very important, and these banks must be active presence on the economic arena and be an active contributor to the process of sustainable development sought by Iraq in the   coming period ." He worked extensively managing director of the International Islamic Bank of Suha Ulkipaia said: " The stand at the challenges facing Islamic banks is an urgent need, to work on the development of their capabilities and make more contribution to the process of economic development and the requirements of a broad and significant work." Al-Kafai pointed out that "the talk of electronic payment during the forum is of great importance. The Central Bank looks forward to making all financial transactions in the public and private sectors through e-payment, for its role in dealing with many of the problems that accompany the financial operations in the public and private sectors, In the collection of taxes and other daily financial transactions in the public and private economic life. " A genuine supporter in turn competent affairs in the economic Haider Punitive warned that "Islamic banks in the construction regulator has developed and interact central efforts with Islamic banks, to be these monuments , a real supporter of the process of development a major change in the form of the economy and make it able to trade with large numbers required by the stages of advancement in the productive sectors  And service. " He pointed out that "Islamic banks have entered a stage of competition in the development of performance and this is very positive, and from banks, which was able to obtain the certificate of international ISO, stressing that" this is a success of the bank and the Central Bank, which regulates the work of the reality of Islamic banking, "and urged" Foreign banks have an active role in banking work through more friction with local banks and work to transfer expertise to employees of local Islamic banks, in addition to the need to contribute to the development process and provide real opportunities, commensurate with the volume of profits   achieved. "  He predicted that" During the period Future major development in light of the intense competition between banks, central and urged Iraq to contribute effectively to the process of economic development and support for small and medium enterprises, as well as projects   strategy. " The reality of quality "The forum comes at a time when the Islamic banks are working to develop new systems and improve the quality of performance and modernize their work systems in line with the requirements of the Iraqi economy next to a sustainable development process covering all sectors," he said.  He pointed out that "the forum of Islamic banks in Iraq is of great importance in the course of the development of the work of Islamic banks in Iraq and a starting point essential to the Iraqi Islamic banks developed in line with developments in the global banking industry and methods of combating terrorism and money laundering and what has been put forward by the speakers from the core points considered The light of the enlightened light to achieve an Islamic banking industry is compatible with the systems (Basel) and the laws of legitimacy and banking local and global, taking into account the risk and how to minimize them   .

[DWS112]

2 hours ago, yota691 said:

The Governor of the Central Bank d. Ali Alaq that "the number of Islamic banks in Iraq reached 30 banks," adding that "this expansion comes in order to increase the volume of banking and confidence-building between the banking system and citizen." 

 

 

Edited January 28, 2018 by DWS112

[DWS112]

2 hours ago, yota691 said:

The relationship between "the importance of working to return the money to the banking system and make them participate in the economic cycle and contribute to the process of sustainable development."

 

[yota691]

Islamic Banks Forum in Iraq

 

Views 30   Date Added 29/01/2018

 

[yota691]

Iraq is witnessing a large growth capital Islamic banks

 

 

Iraq is witnessing a large growth capital Islamic banks
 Twilight News    
 3 hours ago

The governor of the Central Bank of Iraq Ali al-Alaq, the importance of work to restore the money saved by citizens to the banking system, and make them participate in the economic cycle and contribute to sustainable development. 
He announced during a forum for Islamic banks organized by the Association of Iraqi private banks and sponsored by the Central Bank of Iraq, work to provide the legislative environment suitable for the work of Islamic banks, number 30, to activate the role of development supportive of the economy. 
He stressed the importance of banking awareness, explaining that everyone is required to make double efforts to develop Islamic banking. 
The Secretary-General of the General Council of Islamic Banks and Financial Institutions, Abdul-Ilah Belaitiq, pointed to the success of the Islamic banking sector in the world to perform its work and products to the public.
"The volume of banking transactions in the world will reach $ 20 trillion in 2022," he said, adding that this reveals the sector's ability to interact with a wide range of citizens through its advanced products. 
According to the newspaper "Life", stressed Islamic banking expert Sadiq Rashid Al-Shammari, the need to be in Iraq an effective financial sector commensurate with the size of the wealth that he owns, which necessitates a solid financial platform is the center of support for economic advancement. 
He believed that the existence of expertise and human resources can be a catalyst for the development of the reality of banking work, and commensurate with the expansion witnessed by the reality of Islamic banks.
The head of the Association of Iraqi Private Banks, Wadih al-Hanalal, said that the Islamic banking sector in Iraq has witnessed rapid positive developments over the past years, which enabled it to acquire half the market share of private banks with more than $ 3 billion in capital. , On the way to expand the formats of dealing and growth and spread horizontally and vertically in the future. 
The director general of payments at the Central Bank of Iraq, Suha Abdul Karim, predicted that the development of the banking sector and the tendency to invest money in Islamic banking and Islamic instruments, a remarkable demand and acceptance in the Iraqi society, especially if introduced new electronic banking products that comply with Islamic law.
She noted that the Central Bank of Iraq developed the system of deposit of government bonds to include the trend towards investment in the Islamic bond system, so that these banks to use safe investment in accordance with Islamic law. 
The Executive Director of the Association of Iraqi Banks, Ali Tarek, that the expansion witnessed by the Islamic banking sector has made the attention towards it, because of the banking products that meet the wishes of a wide range of citizens, led the Association to organize the Forum of Islamic banks in the presence of local and international actors.
The Islamic banking expert, Abdul-Hussein Al-Mundhari, referred to the issue of supervision and auditing in Islamic banks, the audit arm of the Sharia'a Supervisory Board of Islamic Banks, which monitors and supervises the safety of daily credit, accounting and other transactions. The integrity of the implementation so that the sections and branches do not fall within the legal prohibition and undermine the confidence of customers and shareholders.

Keywords: 

[MyLadiesDaddy]

GM MasterYota. Thankyou

[yota691]

Special training courses for Zain Islamic Bank for Investment and Finance

24/03/2018

 

 

 

(Independent) .. Within the plan to develop the bank of Zain Islamic Iraq comprehensive to develop its services and the introduction of modern systems according to the standards of the Central Bank of Iraq, a wide selection of employees of the Bank participated in various external and internal courses.

Topics included corporate governance, banking awareness and public protection, the inbound and outbound bank remittance cycle, and the credit information exchange session held at the Central Bank of Iraq Studies and Research Department.

The external participants were in the anti-money laundering program, the US tax compliance law, electronic banking transactions, and the law against bank information security crimes organized by the Central Bank of Iraq and located in Jordan.

The bank confirmed the continuation of courses for employees on the bank's comprehensive banking system in Lebanon for the purpose of upgrading the level of working cadres and keeping pace with the banking development in accordance with high quality standards.

He added that under the terms of the agreement of the Bank of Zain Islamic Iraq for investment and finance with IQDC consulting for the international quality system ISO (ISO 9001: 2015) to obtain the international quality certificate ISO has been completed the second cycle of the ISO certification cycle (building documents and documents and design quality system in accordance with the standard ISO10013 ).

[Woldopep]

Now why would they be concerned with US tax compliance ? They are screaming “ we are going international “ and they would not do this a year in advance. It has to be soon.

[Artitech]

We are really close!!! 

[yota691]

Islamic banking is growing among the segments of society

15/4/2018 12:00 am  It operates in 75 countries   Baghdad / Sabah  Islamic banking has made significant progress in terms of growth in the number of institutions, customers and assets since its inception in the late 1960s. The Islamic financial and banking industry is one of the fastest growing banking sectors, with growth exceeding the growth rate of the traditional banking sector. Improving service quality and innovating new products to reach a wider customer base. A qualitative leap   specialist financial affairs in Ehsan Sadiq Al Shammari said that Islamic banks have become a fundamental role in achieving social development and make a quantum leap in the world of banking and stimulate economies and revitalization according to Islamic Sharia controls.  He added that the number of institutions providing Islamic services in the world increased from about 955 in 2013 to 1,113 at the end of 2014, operating in 75 countries. According to Thomson Reuters, it divides all Islamic institutions and traditional institutions offering Islamic financial services through specialized windows. Banking customers  and the Shammari said, according to the Global Competitiveness Report of the Islamic banks for the year 2016 boat number of Islamic banks and customers around the world 100 million customers yet still 75.12% of the potential Islamic finance clients an untapped base, and is still the sector has a large capacity can accommodate more dealers . Small projects  and pointed out that the elements of attracting Islamic banking that its relationship with deposits owners are not based on the creditor and the debtor , but the relationship emphasizes risk - sharing in the profits and losses, and the Islamic banks aimed at granting Islamic services to owners of small and medium - sized enterprises and micro which find it difficult to obtain funding Because they do not have the guarantees required by conventional banks and institutions. The financial system  and warned Shammari that increase and expand the role of Islamic finance has enormous potential to promote financial inclusion and constitute the Islamic banks the most important part , and the largest of the Islamic financial system, where the assets of these banks amounted to approximately 1,346 billion dollars in 2014 , followed by Islamic bonds (or instruments) , which amounted to 295 ($ 33 billion), according to a report by a specialized institution.  The world 's economies  and noted that after repeated financial crises that hit most of the world 's economies, investors began to look for solutions and products mechanisms of non - traditional to invest their money and their wealth and  their finances, and helped in the economic boom in some Muslim countries recently, especially after the rise in oil prices and this Making it a trend to innovate and offer new and alternative Islamic financial products to traditional products that have attracted many investors from all categories.  He stressed that the Islamic banking in Iraq is waiting for an investment environment through reconstruction and development, but should be interested in training its staff to be able to provide products that fit the Iraqi environment and can improve its services as long as the competition is severe between them and products provided by commercial banks. Adaptation efforts Al-Shammari said that in most countries where the banking system is double (ie, conventional and Islamic banking), it is subject to the same rules and regulations that it deals with commercial or conventional banks, because it does not understand or lack the proper understanding of the central banks of Islamic banking. Difficulty in fixing the error or  real irregularities  , which requires adapting the efforts of the Central Bank to develop banks' tanks, especially in the field of training to prepare these staffs to be able to manage the Islamic banking business and innovate new products

[yota691]

Zain Islamic Bank of Iraq holds its annual meeting

14/05/2018

 

 

 

(Independent) .. The General Assembly of the Bank of Zain Islamic Iraq for Investment and Finance held its annual meeting in Baghdad, and was elected a new board of directors of the bank

A source at the bank said that the development of work joints and serving the national economy is the main focus of the work of the bank, which continues an ambitious plan to improve the work and provide the best banking products to its customers

[yota691]

Zain Islamic Iraq Bank appreciates the interest of the Central Bank in financial coverage

19/05/2018

 

 

 

(Independent). Based on the importance of financial coverage, Zain Islamic Bank of Iraq is working to expand the range of products offered to customers. The Deputy Director of the Bank Raghad Nabil Alousi: The advancement of the work is the most important aspirations of our current and future, as we recognize the importance of the Iraqi economy on the international scene, which requires work to expand the circle of products provided to customers. Al-Alusi pointed out that the Bank of Zain Islamic Iraq recognizes that the size of competition in the Iraqi market is large and works to be at the forefront of banks that provide advanced services to the public different

The bank appreciated the step taken by the Central Bank of Iraq in giving financial attention to the role of the positive in economic work. Al-Lalousi stressed the continued rehabilitation of human resources through organization and participation in specialized courses and delivery of our products to the largest segment within Iraqi society.

Zain Iraq contributed effectively to the week of financial coverage organized by the Central Bank in conjunction with the Arab Financial Week.

[yota691]

Zain Iraq opens its customer service center in the new location

21/05/2018

 

 

 

As part of its strategy to serve customers to meet their needs and requirements and to be close to its customers wherever they are in Iraq, Zain Iraq, one of Zain Group's leading mobile and data communications services in the Middle East and North Africa, For the relocation of its service center in Al-Aras area.

"We are committed to providing the highest standards of services and products that enable our subscribers to stay in touch with the world," said Mohammed Sameer, head of commercial management at Zain Iraq. "We remain in constant contact with our subscribers. Because our interests are focused on our customers, we are constantly implementing this culture in all our steps, from planning to opening up centers for sale and service, by providing them with the best and fastest services. The new location of the service center will provide us with the opportunity to enhance the experience of our subscribers in line with their needs. "

It should be noted that Zain Iraq provides hundreds of points of sales and services and spread across the provinces and three free call centers to communicate with the subscriber around the clock, in addition to its website and pages on social networking sites, where the page continues Zain Iraq on Facebook alone with more Of 4.5 million followers.

This step comes in the context of Zain's efforts to communicate with its subscribers in all governorates of Iraq through a wide network of service centers and points of sale to meet their requirements in the best and fastest way. The center will allow its customers to buy and replace lines, recharge and bill payment cards, ZainCash and Zain Smart services, as well as communicate directly with Zain Iraq employees.

Zain Iraq is one of the most technologically advanced companies in Iraq. It is constantly looking for how to bring the latest technological solutions to its subscribers. The company also seeks to reach all segments of society and cover the entire provinces in Iraq, through its various centers and points of sale to ensure the provision of better and faster service.

[yota691]

Zain Islamic Bank of Iraq stresses the importance of supporting development

04/06/2018

 

 

(Independent) .. The deputy director of the Zain Islamic Bank of Iraq Raghd Nabil al-Alusi that the chances of economic renaissance in Iraq are available, and we have to start in the actual aspects that we believe we have the elements of rapid success, which can be activated without the need for long periods of time, Agricultural, small and medium industrial enterprises and the tourism sector.

She added that it also requires the development of the banking system to provide the best services in the world to these sectors, which must be linked to the plans of a phased strategy to develop all joints to the establishment of major projects in the coming periods and the small and medium-sized projects are complementary to strategic projects.

The Legal Advisor to the Zain Islamic Bank of Iraq stressed the importance of attracting part of the foreign investment flows and adopting the use of advanced technological means of communication and information, pointing out the need to prepare in-depth lessons on the available facilities available in non-oil activities and try to develop them so that alternatives can be created with oil prices exceeding 70 As well as the need to prepare a long-term strategy takes into account foreign affairs and alliances and external relations to serve as a roadmap for the future.

She pointed out that the process as a whole requires an advanced banking system capable of supporting all economic operations, and this is now recognized by our private banks and is working hard to develop all aspects of its work.

[yota691]

Zain Islamic Bank of Iraq stresses the importance of rehabilitation of human resources

11/06/2018

 

 

 

(Independent) .. The assistant director of the director of Zain Islamic Bank of Iraq Raghd Nabil Alusi the importance of the trend to adopt plans to achieve a variety of revenues through the products of Islamic banking adopted by Iraq and proved a great success in the world. 
Al-Alousi said that the first phase of the work should focus on creating human resources with international efficiency, as it is an important focus in the overall financial activities, through the participation of specialized courses under the supervision of international financial expertise, stressing the interest in compliance sections and money laundering and risk. 
The banking system in Iraq expanded significantly after 2003 and now consists of 70 private sector exclusively banks Qlidip and Islamic, which has become a bank.
Al-Alusi pointed to the importance of the actual trend in the multiplicity of banking products that are offered to customers to support all the joints of the productive and service market, which represent the trend to achieve benefits for the Iraqi economy and support development.

[TexasMike1958]

On 1/27/2018 at 5:30 AM, yota691 said:

Governor of the Central Bank Ali Al-Alaq: 30 Islamic banks are working in Iraq

By

 rami

 -

January 27, 2018

9

0

 

 

 

The governor of the Central Bank of Iraq, Ali Alalak, that 30 Islamic banks working in Iraq now,
Al-Aalak said in his speech at the Forum of Islamic Banks in Iraq that “Islamic banking in Iraq is in great growth and currently employs 30 banks.” He pointed out that “the Central Bank provides the appropriate environment for Islamic banking and focuses on the role of awareness and increase the size of its clients.”
The governor of the Central Bank, the “need to establish a special entity for Islamic banking in order to create an organizational and research reference for the purpose of development,” pointing out that “Iraq today receives signals from countries and companies important for investment and financing for the reconstruction.

 

 

Too bad Parliament isn't working.  Haven't worked much in ten years.

[yota691]

Zain Islamic Iraq calls for expansion of banking services

21/06/2018

 

 

"The banking sector is required to provide a variety of banking services, and does not depend on a specific aspect," he said. "The expansion of banking products is the basis for the development of the Iraqi financial sector." 
Al-Alusi said that the Islamic banks came in new products that harmonize with the wishes of a wide range of beneficiaries and companies, especially that the products for which they were established have characteristics that satisfy the wishes of a wide range of citizens such as Alastisna and Murabaha. These products should return to life, Industrial and agricultural production and other economic joints, indicating that most of the Islamic banks, including Zain Iraq, is walking in this direction.
The Governor of the Central Bank of Iraq d. Ali Alalak said: The central support for the efforts of Iraqi banks, in order to activate its role and provide the best products through the adoption of advanced technologies, especially some Islamic banks. 
In turn, the legal adviser to the bank Eman Alousi stressed that the expansion of electronic banking leads to the development of the financial sector and reduce all forms of corruption that accompany financial transactions and can benefit from successful global experiences in this important chapter. 
And urged the need to abide by the legal procedures that accompany banking operations, especially in the loan granting and the law is more stringent in securing the rights of banks to be able to create a continuous cycle of loan allocations and include the largest number of beneficiaries

[yota691]

Zain Iraq profits rise 25% in first half

Total revenue rose 52.6% in the first half of this year

 

 

 

 16 July 2018 11:02 p

 

Mubasher: The financial statements of Zain Islamic Bank for Investment and Finance ( BZII ) showed a 25.2% year-on-year increase in profits in the first half of this year .

The bank's profits for the first half of this year amounted to 1.05 billion dinars (881.5 thousand dollars), compared to profits of 838.43 million dinars (704.3 thousand dollars) in the first half of last year .

Total revenues for the first half of this year rose by 52.6% to KD 3.86 billion, compared to KD 2.53 billion for the same period last year .