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Go Iraq


6ly410
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1 minute ago, navira said:

Yea bro, we got the fml...we got the ministers except for ministry of edu...and everything else 

and look at Erbil and Baghdad...best bros there are now haha 

Edited by 6ly410
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Central Bank to establish Takaful insurance company for Islamic banks

 

 
Economy  ,   2019/06/24 10:47 
 

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BAGHDAD, Iraq -

The Central Bank of Iraq announced the start of the establishment of Takaful insurance company for Islamic banks with the participation of all Islamic banks. 

The bank said in a statement that it had initiated "the establishment of a Takaful insurance company for Islamic banks in cooperation with the Board of Insurance and a capital of 15 billion dinars with the participation of all Islamic banks."

 "The company's Takaful controls have been issued in accordance with the standards of the Islamic Financial Services Board (IFSB) and the AAOIFI." 

The Takaful Insurance Company represents the second strategic objective of the Bank's comprehensive strategic plan to develop the Islamic banking industry And their transactions for the period (2016-2020) ".

 "This step will pave the way for its transition to the Islamic capital markets through the issuance of the Investment Sukuk Law to complement the Islamic economy in Iraq," the central bank said.

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