View Full Version : Fin Cmte seeking to legislate special law for Islamic banks & amend banking law

Hue Mi
07-27-2013, 10:59 PM
Member: Finance Committee seeking to legislate a special law for Islamic banks and amend the current banking law (http://www.ikhnews.com/index.php?page=article&id=94484)

27-07-2013 11:30 AM

Baghdad (newsletter). Member of the Finance Committee, MP for the Kurdistan blocs Coalition//Jimmy, parliamentary Committee seeking to legislate a special law for Islamic banking allows banks to Government work in accordance with the Islamic Sharia, in addition to modifying the banks kaon.


He is capable (for the khbaret News Agency): the current banking law new purpose, many experts and specialists advising the House Finance Committee and in particular the new code of banking legislation in line with the current stage and the developments in various fields.

He added: Islamic banking in Iraq began to operate and grow so turned the Ministry of finance opens Islamic banking Windows at Government banks, the fact that the majority of Iraqi people are Muslim and committed to religious beliefs and warned against dealing with commercial banks 'interest-based'.

He continued: so the urgent necessity for the legislation of a special law for Islamic banks organized work and allows the creation of specialized government banks to Islamic banking, Finance Committee seeks to achieve this. /finished/8 l. Eng.