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Baghdad, Director General of Mesopotamia Islamic Bank of the Ministry of Finance revealed
Abdul Hussein Mundhiri that Iraq will be opened on the first of next month, the first Islamic bank government in Alarac.makda that the bank loans will be given to the owners of the projects will reach 100 million dinars.
He said Mundhiri in singled statement by Agency / JD / economic that the Ministry of Finance will open on the first of next month, the first Islamic bank government in Alarac.mbana that the bank obtained all regulatory approvals for the purpose of direct action which according to Islamic law.
"He added Mundhiri that Mesopotamia Islamic Bank completed the incorporation requirements that were required by the Central Bank of Iraq was getting the chance 8/17/2015 work and this date the start of the bank to complete its preparations Alojstah to start work was completed construction of the main branch of the bank at the headquarters of the bank and the completion of the redeployment of staff as well as Islamic in bank Rafidain and Rasheed, which approved the integration of the windows within Article 25 of the financial budget for the year 2015, the term includes opening five Islamic branches at a rate of three branches in the Rasheed Bank, the first in the dash area of Baghdad and the second in the province of Najaf and the third in the province of Basra while featuring Rivers First Bank subsidiary in Jihad district of Baghdad and the second in the area Fallujah in Anbar province stalled work as a result of military operations.
"Mundhiri He said it was merging the five branches with the heads of their money, raising the head of the Islamic Mesopotamia bank's capital to 150 billion dinars. He explained that the bank has initiated all lending instructions were presented to the Sharia Supervisory Board in the bank was approved this special Bmrabhh real estate, cars and goods help with the introduction of new activity not be found in the former is small and medium enterprises support in accordance with the mechanism of the Islamic been developed instructions on the Sharia Supervisory Board and got approval.
"He noted that the bank will enter Contributor development of the Iraqi economy by finance and investments that characterized the work of the Islamic Bank of Murabaha and posts and Astsnaat multiple kinds of other investment through the issuance of Islamic instruments .msheera that can Islamic Mesopotamia bank by granting loans to small and medium-sized enterprises can enter all benefit from the granting of these loans are allocated to the sectors of industrial, agricultural and housing and adult five billion through the Central Bank of Iraq.
"He said that our bank will enter partner through Murabaha buy or speculation, and that will contribute to solving unemployment, which currently make up 30% and the poverty rate is about 20%. In the case of the financing of small and medium enterprises problem will absorb many working hands, which will contribute to the reduce poverty and unemployment through the operation of labor.
"stressing that all the official value in the world statistics indicate that small and medium-sized enterprises constitute the run 70% of the workforce in countries powers and that the world's economies are built through the support and operation of these projects the fact that these projects despite availability jobs Tstsahm in the provision of goods and services at affordable prices in the market and sings the state of imports process as well as providing hard currency.
"He pointed Mundhiri that the bank will begin to receive applications wishing to obtain these loans in the first of next month, according to the agreement with the Ministry of Finance and the Central Bank of Iraq. Stressing that the bank completed all their preparations to work the granting of loans with the participation of the payments system and clearing and electronic system the (GPS).
"And the categories covered by this loan, Mundhiri stressed that the Islamic Mesopotamia bank services according to his vision would include all Iraqis for two reasons, the first definition of the community on the benefits of Islamic banking based on investment and profit muslim and away from banking benefits usury forbidden in Islamic law, and secondly to get profit through the funding of projects and funds granted to sectors of society from the staff and the owners of the private sector.
"And how bank interest calculated between Mundhiri that Islamic Mesopotamia Bank do not deal rate of interest, but rather deals profits
and on identifying the bank of the roof lending stressed Mundhiri that the bank identified three categories of loans, the first loan select the limit of five million dinars for the project and it needs to ensure that employees, in excess of this amount up to 15 million identified Bkivalin and the duration of the payment of three years with giving three months and increased for medium-sized projects, 30 million requires the borrower to bring to ensure a drug with increasing duration of repayment.
"He said the value of the 5 loans million for small projects, either the 30 million will be given to medium and exceeds this amount will be given to large projects that require the purchase of machines and production lines. Stressing that the bank will be able to grant loans of up to 100 million dinars.
"He denied all the bank to grant loans for the purchase of housing units being will exhaust the money the bank as well as disadvantages to the Iraqi society through its contribution to increase real estate prices Stressing that the bank used alternative loans through investment residential complexes being the increase of residential units and contribute to the reduction of prices of residential units in Iraq Stressing that the bank will be allocated 25 billion Iraqi dinars for the housing sector from within the budget of 2015 in 2016. or in the case issued an Islamic audience instructions instruments during the coming period we will be able to attract big money from the public and small investors and implicated in a residential investment projects in Baghdad and the provinces Stistvid of them low-income owners
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Baghdad, Director General of Mesopotamia Islamic Bank of the Ministry of Finance revealed
Abdul Hussein Mundhiri that Iraq will be opened on the first of next month, the first Islamic bank government in Alarac.makda that the bank loans will be given to the owners of the projects will reach 100 million dinars.
He said Mundhiri in singled statement by Agency / JD / economic that the Ministry of Finance will open on the first of next month, the first Islamic bank government in Alarac.mbana that the bank obtained all regulatory approvals for the purpose of direct action which according to Islamic law.
"He added Mundhiri that Mesopotamia Islamic Bank completed the incorporation requirements that were required by the Central Bank of Iraq was getting the chance 8/17/2015 work and this date the start of the bank to complete its preparations Alojstah to start work was completed construction of the main branch of the bank at the headquarters of the bank and the completion of the redeployment of staff as well as Islamic in bank Rafidain and Rasheed, which approved the integration of the windows within Article 25 of the financial budget for the year 2015, the term includes opening five Islamic branches at a rate of three branches in the Rasheed Bank, the first in the dash area of Baghdad and the second in the province of Najaf and the third in the province of Basra while featuring Rivers First Bank subsidiary in Jihad district of Baghdad and the second in the area Fallujah in Anbar province stalled work as a result of military operations.
"Mundhiri He said it was merging the five branches with the heads of their money, raising the head of the Islamic Mesopotamia bank's capital to 150 billion dinars. He explained that the bank has initiated all lending instructions were presented to the Sharia Supervisory Board in the bank was approved this special Bmrabhh real estate, cars and goods help with the introduction of new activity not be found in the former is small and medium enterprises support in accordance with the mechanism of the Islamic been developed instructions on the Sharia Supervisory Board and got approval.
"He noted that the bank will enter Contributor development of the Iraqi economy by finance and investments that characterized the work of the Islamic Bank of Murabaha and posts and Astsnaat multiple kinds of other investment through the issuance of Islamic instruments .msheera that can Islamic Mesopotamia bank by granting loans to small and medium-sized enterprises can enter all benefit from the granting of these loans are allocated to the sectors of industrial, agricultural and housing and adult five billion through the Central Bank of Iraq.
"He said that our bank will enter partner through Murabaha buy or speculation, and that will contribute to solving unemployment, which currently make up 30% and the poverty rate is about 20%. In the case of the financing of small and medium enterprises problem will absorb many working hands, which will contribute to the reduce poverty and unemployment through the operation of labor.
"stressing that all the official value in the world statistics indicate that small and medium-sized enterprises constitute the run 70% of the workforce in countries powers and that the world's economies are built through the support and operation of these projects the fact that these projects despite availability jobs Tstsahm in the provision of goods and services at affordable prices in the market and sings the state of imports process as well as providing hard currency.
"He pointed Mundhiri that the bank will begin to receive applications wishing to obtain these loans in the first of next month, according to the agreement with the Ministry of Finance and the Central Bank of Iraq. Stressing that the bank completed all their preparations to work the granting of loans with the participation of the payments system and clearing and electronic system the (GPS).
"And the categories covered by this loan, Mundhiri stressed that the Islamic Mesopotamia bank services according to his vision would include all Iraqis for two reasons, the first definition of the community on the benefits of Islamic banking based on investment and profit muslim and away from banking benefits usury forbidden in Islamic law, and secondly to get profit through the funding of projects and funds granted to sectors of society from the staff and the owners of the private sector.
"And how bank interest calculated between Mundhiri that Islamic Mesopotamia Bank do not deal rate of interest, but rather deals profits
and on identifying the bank of the roof lending stressed Mundhiri that the bank identified three categories of loans, the first loan select the limit of five million dinars for the project and it needs to ensure that employees, in excess of this amount up to 15 million identified Bkivalin and the duration of the payment of three years with giving three months and increased for medium-sized projects, 30 million requires the borrower to bring to ensure a drug with increasing duration of repayment.
"He said the value of the 5 loans million for small projects, either the 30 million will be given to medium and exceeds this amount will be given to large projects that require the purchase of machines and production lines. Stressing that the bank will be able to grant loans of up to 100 million dinars.
"He denied all the bank to grant loans for the purchase of housing units being will exhaust the money the bank as well as disadvantages to the Iraqi society through its contribution to increase real estate prices Stressing that the bank used alternative loans through investment residential complexes being the increase of residential units and contribute to the reduction of prices of residential units in Iraq Stressing that the bank will be allocated 25 billion Iraqi dinars for the housing sector from within the budget of 2015 in 2016. or in the case issued an Islamic audience instructions instruments during the coming period we will be able to attract big money from the public and small investors and implicated in a residential investment projects in Baghdad and the provinces Stistvid of them low-income owners
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