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Iraq leads the Middle East with the numbers of civil, Islamic and economic banks clarifying

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Iraq leads the Middle East with the numbers of civil, Islamic and economic banks clarifying

Economy     2023-07-26 | 07:47
Source: Alsumaria News    2,133 views
Alsumaria News - Economy

Economist Nabil Al -Marsoumi revealed today, Wednesday, the percentage of the number of private banks in the Middle East, among the fact that

Iraq is leading countries in the number of private banks.

Al -Marsoumi said in a post followed by Alsumaria News, that

"Iraq is first in the number of private banks in the Middle East," noting that

"the total number of banks in Iraq is 81 banks."  And the economist indicated that

"the number of government banks in Iraq is 7 banks," adding that

"the number of private banks is 74."  Al -Marsoumi explained that

"the percentage of private banks to the total number of banks in Iraq is 91%."  He added that

"this percentage is the highest in the Middle East, where the number of banks in Turkey (43), Egypt (41), Saudi Arabia (31), Iran (30), Jordan (26), and Algeria (20)", reached, revealing that

" The number of banks registered in a superpower like Britain (54) banks only.

*Islamic Masar in Iraq

He stressed that "the number of Islamic banks in Iraq is 29 banks, and

this means that Islamic banks in Iraq constitute more than a third of the banks in Iraq," explaining that

"Islamic banks affected by US sanctions amounted to more than half of the total number of banks accused of money laundering and the smuggling of the dollar, which is considered Foreign currency window window is the main source of its profits.

At the time, the Wall Street Journal quoted US officials as saying that the United States had prevented 14 Iraqi banks from conducting transactions in dollars.  The newspaper report stated that

"the ban imposed by the Treasury and the Federal Reserve Bank in New York comes within the framework of a comprehensive campaign to convert the US currency into Iran," the newspaper report stated.

Penalties affected banks like:

*Islamic Advisor for Investment and Finance
*Islamic Carthas Bank for Investment and Finance
*The Islamic Spectrum Bank for Investment and Finance
*Elaf Islamic Bank
*Arbil Bank for Investment and Finance
*Islamic International Bank
*A bank via Iraq for investment
*Mosul Bank for Development and Investment
*Al -Rajeh Islamic Bank
*Sumer Commercial Bank
*Islamic International Trust Bank
*Islamic Money Bank
*Islamic World Bank for Investment and Finance
*Zain Iraq Islamic Bank for Investment and Finance

 
https://www.alsumaria.tv/news/economy/462849/العراق-يتصدر-الشرق-الأوسط-بأعداد-المصارف-الأهلية-و
 

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