Islamic banks say commercial banks fear them ...



2 hours ago
30/5/2017

Baghdad / Al-Ghad Press:

The Association of Islamic Banks claimed on Tuesday that there are commercial banks fear Islamic banks, because of the turnout by customers and the development of its work.

"The work of Islamic banks in Iraq in the last stage and its continuous development scared commercial banks operating in Iraq," said the president of the Assembly, Sadiq al-Shammari, Customers ".

He pointed out that "the current law in the Islamic banking sector needs to be modified to be parallel and consistent with the financial system and the Iraqi banking sector."

There are currently 1113 Islamic banks in the world, including 17 banks operating inside Iraq.

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