The International Islamic Bank launches a new service

[yota691]

The International Islamic Bank launches a new service

 

Logo of the International Islamic Bank

Banks Economy News - Baghdad The Islamic International Bank has launched a new service, which is the opening of a bank account via the Internet. The bank said in a press release, seen by "Al-Eqtisad News", that "The Islamic International Bank launched the service of opening a bank account ONLINE through the bank’s website, in implementation of the principle of financial inclusion and to provide excellent services to customers that achieve speed, accuracy and safety and to deliver this service to the farthest point." .

Number of observations 5   Date added 05/07/2021

[Wheelman]

6 minutes ago, yota691 said:

The International Islamic Bank launches a new service

 

Logo of the International Islamic Bank

Banks Economy News - Baghdad The Islamic International Bank has launched a new service, which is the opening of a bank account via the Internet. The bank said in a press release, seen by "Al-Eqtisad News", that "The Islamic International Bank launched the service of opening a bank account ONLINE through the bank’s website, in implementation of the principle of financial inclusion and to provide excellent services to customers that achieve speed, accuracy and safety and to deliver this service to the farthest point." .

Number of observations 5   Date added 05/07/2021

Spontaneous! Gradual, No fanfare!

The words of the Iconic Dr. Sinan Shabibi.

[dinarham]

  Excellent news!  Go Shabs!

[GreedyDinar07]

What does this have to do with Dr.Shabibi? Please enlightened me.

[3n1]

48 minutes ago, GreedyDinar07 said:

What does this have to do with Dr.Shabibi? Please enlightened me.

 

 not sure i can shine a light on it but when the cbi auctually had a legit governor ( shabibi ) setting bank policies and letting the iraqi citizens know what was taking place , he would sometime use the phrase No fanfare in reference to currency changes at the bank , the man was confident in the plan .... in all the years since his tenure at the bank nothing has been publicized that shabbs original plan for the currency has been made different imo ... we wait , cheers dv'ers   

[Laid Back]

e-banking in action

This will help to increase financial inclusion and reduce the amount of cash in circulation.

The banking system continues moving forward.!

 

Go CBI

Go banking system 

Go new monetary policy 

[Dinarrock]

2 minutes ago, Laid Back said:

e-banking in action

This will help to increase financial inclusion and reduce the amount of cash in circulation.

The banking system continues moving forward.!

 

Go CBI

Go banking system 

Go new monetary policy 

Yes but when is the banking system going to ADD VALUE to the dinar???

[Fairways&Greens]

This is a bigger step than we may realize. The more citizens that deposit their 000 notes for digital currency, the less there will be in circulation before an RV/RI.
 

I believe one of the main reasons they devalued in December was to scare people into bringing more notes in. They are working toward reducing circulation from more than one angle. 😎

[Laid Back]

49 minutes ago, Dinarrock said:

Yes but when is the banking system going to ADD VALUE to the dinar???

Nobody knows Dinarrock 👍🏼😀

 

4 minutes ago, Fairways&Greens said:

This is a bigger step than we may realize. The more citizens that deposit their 000 notes for digital currency, the less there will be in circulation before an RV/RI.
 

I believe one of the main reasons they devalued in December was to scare people into bringing more notes in. They are working toward reducing circulation from more than one angle. 😎

Agreed 👍🏼
Less money in circulation = higher dinar value 

 

 

[dinarham]

1 hour ago, Laid Back said:

Nobody knows Dinarrock 👍🏼😀

 

Agreed 👍🏼
Less money in circulation = higher dinar value 

 

 

       Thanks ,LB , less supply =higher value = natural float . Allegedly CBI is sucking up most of the dinar with their USD . I see alot of "back ordered" and "out of stock" with innerweb dealers . The rest of us ,and there are quite a few, are keeping them under the mattress.

[pokerplayer]

This is more Important than people realize. Opening an account on the Internet ? This means I can do it here in Canada. What cash can I deposit ? Canadian Dollars or... Ching Ching, my dinars.

 

pp

 

PS, Yota probably posted this somewhere already, I did not see it but I am excited about this for sure !!

 

 

The International Islamic Bank launches a new service Logo of the International Islamic Bank Banks

 

Economy News - Baghdad The Islamic International Bank has launched a new service, which is the opening of a bank account via the Internet.

 

The bank said in a press release, seen by "Al-Eqtisad News", that "The Islamic International Bank has launched the service of opening a bank account ONLINE through the bank’s website, in implementation of the principle of financial inclusion and to provide excellent services to customers that achieve speed, accuracy and safety, and to deliver this service to the farthest point." .

 

 

https://economy-news.net/content.php?id=25020

[Wheelman]

International Islamic Bank was established in August 2016 as a joint-stock company (authorized by Central Bank of Iraq as a Islamic Bank). On start applying International conditions & Terms on Core Banking, AML,KYC & FATCA. Adopting the Islamic Standardization Banks approach for complying the clients needs, considering the society and economy development strategy. The Bank Capital is increased permanently, supporting the investors expectation & services beneficiary.

The major aim of International Islamic Bank covering the customers needs , after 1980 many countries encourage the Islamic Banks Method which participate improving the economy , opening new prospects & opportunities for investors and inhabitants. Our role is beginning creation the investments opportunities, balancing the investors and client aspiration & ambition, under the Islamic regularizations approach.

Within short period, we start operate many cities in Iraq, covering the main services to our customers ( Personal Accounts , Commercial Account , Personal & Investments Loans, Internet Banking & Mobile Apps , LC , issuing MasterCard …etc ). The Bank Road map comprehends operating the services not only locally, but to be International, and Promoting & expansion investment opportunities are the main strategy.

Our Vision to be the premier domestic and international financial services enterprise in providing superior products and services of high quality through innovation, technology and lifelong customers relationships.

Our Mission aims continuously providing innovative products and services, growing investments of our clients, while abiding to high ethical and professional standards of conducts.  Our plan to maximize shareholders value as well as contribute towards supporting Iraqis objective of strengthening ties with regional and international financial markets.

[yota691]

Uzbekistan’s Trustbank plans Islamic banking first with ICSFS

• Written byAlex Hamilton
• 7th May 2021

•  

Uzbekistan-based Trustbank has selected ICSFS and its ICS Banks Islamic banking software.

ICSFS calls the deal a “breakthrough” in Uzbekistan

The deal is hailed by both firms as the first Islamic banking revamp of its kind in the Central Asian country.

Trustbank, founded in 1994 as Private Joint-Stock Bank, provides what it calls a “full range of banking products and services”.

This includes private and corporate banking, settlements, and retail deposits.

The ICSFS system is deploying across several Islamic products at the lender, including Murabaha, Ijarah, Mudaraba, and Musharaka.

Trustbank completed its selection in cooperation with the country’s Islamic Corporation for the Development of the Private Sector (ICD).

“We strive [to become] the best in providing high quality modern banking services,” says Sardor Normukhamedov, Trustbank’s chairman of the board.

“With this new joint milestone with ICSFS […] we are creating history.”

 

Weal Malkawi, ICSFS executive director, adds: “We are very happy to be part of this breakthrough to see Islamic Banking kick-off in Uzbekistan.

“I would like to thank the bank and ICD, as without them we couldn’t have reached this historical milestone. It takes courage to be the first bank in Uzbekistan to lead in launching Islamic Banking.”

ICSFS’ latest wins have come in Iraq. It has signed two new clients there in the past 12 months: First Iraqi Bank and Al Wifaq International Bank.

Financial institutions in Uzbekistan to recently sign systems deals include People’s Bank (with Finastra) and TBC Bank (with Capital Banking Solutions).

[Wheelman]

On 5/7/2021 at 2:19 PM, 3n1 said:

 

 not sure i can shine a light on it but when the cbi auctually had a legit governor ( shabibi ) setting bank policies and letting the iraqi citizens know what was taking place , he would sometime use the phrase No fanfare in reference to currency changes at the bank , the man was confident in the plan .... in all the years since his tenure at the bank nothing has been publicized that shabbs original plan for the currency has been made different imo ... we wait , cheers dv'ers   
 

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GE 

 

GE is the world’s largest Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive.

GE is organized around a global exchange of knowledge, the “GE Store,” through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry.

GE in Iraq

GE has over 40 years of presence in Iraq, and supports the country’s infrastructure needs in power generation, oil & gas, water processing, aviation and healthcare, through diversified multi-business solutions and local presence. Today, over 130 GE turbines are in operation in Iraq apart from ongoing agreements to support power generation plants across the country. With three offices in Iraq – in Baghdad, Erbil and the southern oil & gas hub of Basra –  GE continues to deliver its latest technology and expertise to local customers. The company has created more than 400 employment opportunities in the country, with nearly 95 percent of them filled by Iraqis.

GE has also been working with regional and international institutions to facilitate financing to help the Government of Iraq execute these and other projects. Since 2016, GE has helped the country secure $2 billion in financing for projects in the energy sector leveraging its global sourcing capabilities coupled with its strong relationships with lenders.

Edited May 9, 2021 by Wheelman