The central bank announced the issuance of Islamic Sukuk middle of this year

15/03/2017 02:23 | Number of Views: 70

Direction Press / Baghdad

Iraqi Central Bank announced on Wednesday about the possibility of issuing Islamic instruments in June after the completion of the technical aspects of issuance, pointing out that the central part of the diversification of the Islamic Strutijeth tools and the most important instruments in accordance with the Islamic law, which chime and wishes of a large segment of society.

The general director of financial operations at the central bank Mahmoud Mohamed in a statement received "direction Press" a copy of it, that "this trend is supported in various countries around the world and adoption by major banks in Britain, Malaysia and other important economic blocs," noting that "in Malaysia up the value Islamic instruments to 3 trillion dollars and is working to finance major projects in that country. "

He said Mohammed, that "Islamic Sukuk issued in accordance with the law and combine the stock and the bond."

He pointed Mohammad that "the Central completed a kind of Islamic instruments" Islamic certificates of deposit "will be issued over the next June," adding that it "guaranteed and the degree of risk in which zero percent and is working to attract large cluster of cash into the banking sector and investment in order to achieve viability."