The beginning of next month .. the opening of the first Islamic bank in the Iraq government

BAGHDAD / Jassim al-Tai / .. Director General of the Islamic Bank of Mesopotamia Abdul Hussein Mundhiri revealed that the Ministry of Finance and the opening of the first Islamic bank government in Iraq beginning next month.

Mundhiri said in a statement singled out by the agency / JD /: The Ministry of Finance will open on the first of next month, the first Islamic bank in Alarac.mbana government that the bank obtained all regulatory approvals for the purpose of direct action which according to Islamic law.

He added that the bank completed its preparations Alojstah to start work in accordance with the Islamic law and with a capital estimated at 150 billion dinars and through six branches, three of them in Baghdad, and three others in Najaf, Basra and Fallujah stalled for work as a result of military operations.

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 after completing all their preparations to work the granting of loans with the participation of the payments system and clearing and electronic system the (GPS).
He stressed that Mundhiri loans will be granted for the purpose of Murabaha real estate, cars and goods and to support small and medium enterprises in accordance with the mechanism of Islamic instruction after it has been put through the approval of the Sharia Supervisory Board.