Central Bank discusses draft law on Islamic banking
Central Bank discusses draft law on Islamic banking
Tuesday June 19, 2012
BAGHDAD – and babysit – Central Bank of Iraq discussed a draft law on Islamic banks to organize its work in Iraq.
The deputy governor of the Central Bank of the appearance of Mohammed, “The Islamic banks in Iraq are now the law of banks, 94 of 2004 private banks and usury.”
He added: “The central bank discussed the draft law regulating the work of Islamic banks in Iraq in line with the Islamic religion by granting loans free of interest by and to engage in commercial activity through the Murabaha and Istisna and culture and take the profit and loss equally with the borrowers other than those working on the banks usury other “.
And Saleh said the draft law submitted to the Central Bank of the State Council to take the legal course for approval by the House of Representatives.
Source: alrayy
