Islamic Banking Act will be launched early 2013 to grant loans, without interest

Member of the Finance Committee: Islamic Banking Act will be launched early 2013 to grant loans, without interest

Date: 09/29/2012 14:09:19 Saturday

Baghdad (news) .. Noted member of the Finance Committee MP / coalition in Iraq / Ibrahim al-Mutlaq, to begin work in the law regulating the work of Islamic banking in early 2013.
Mutlaq said (of the Agency news) on Saturday: The law regulating Islamic banking lift to the House of Representatives amended by the Central Bank and Finance Committee, stressing that the law will see the light in early 2013. between: that the goal of the law is to give the citizen loans without great benefit and away from interest usury, adding, that usury is interest imposed by the discharges on the citizen without the provisions of legitimacy. explained: that law regulating Islamic banking identify a few benefits to the borrower, Maichdja customers to borrow from Islamic banks. / end / 21. d. Q /
Source: ikhnews