Iraqi bank creates the first bank for the poor with a capital of 250 billion dinars
Iraqi bank creates the first bank for the poor with a capital of 250 billion dinars
07/25/2012
Baghdad / follow-up JD / .. announced an Iraqi bank its intention to establish a bank in his country would be called “Bank Takaful Islamic,” adding that the bank will be the first bank for poor people in Iraq and the Arab world. Deputy Chairman of the Iraqi Islamic Bank Abdul Salam Joaad Janahi for / Arabian Business / seek a personal initiative to establish a bank in Iraq, I will call upon the name of “Bank of Takaful Islamic (Bank of the poor) with a capital of 250 billion Iraqi dinars.”
and added that “this bank will act like banks that operate according to Islamic law, but part of its income will be directed to the poor” .
explained Janahi that the bank be created “will be an urgent need to layer the poor in Iraq, especially from the women after that showed recent statistics that widows and divorced unemployed Patten constitute a large proportion of Iraqi society.”
and pointed out that “the new bank will be taken from the Baghdad-based and will establish branches in all governorates of Iraq and the Arab countries. ”
The Deputy Chairman of the Iraqi Islamic Bank to “Bank of Takaful Islamic will be the first bank for poor people in Iraq and the Arab world.”
and said that “the Bank will be established according to the law of the Central Bank of Iraq,” referring to the that “will be offered shares for public subscription.”
revealed Al Janahi on the offers made by the Arab banks to contribute to the capital of the bank, explaining that there was “an Islamic bank Gulf expressed its readiness to contribute 50% of its capital.”
and said that “the new bank will adopt mechanisms for new lending, according to different rules, but useful and save the capital of the shareholders who they can become later the shareholders in the bank itself. ”
The Janahi that it will be “investing the money paid by borrowers micro-entrepreneurs in investments of interest to social Ktacis role for the orphans, the disabled and cooperatives provide the basic needs of food and others in each slice Mtcaflan borrowers in these loans. “/ Finished / agencies /
Source: dananernews
